Trade Trends
Global exports of electronic integrated circuits rose from $704.56B in 2019 to $951.56B in 2023, marking a 35.06% increase over the five-year period. The highest value was recorded in 2022 at $1076.67B, followed by a decline in 2023.
This trajectory in USD$ terms reflects the sector’s sensitivity to global demand cycles, supply chain constraints, and inventory corrections. The surge through 2021 and 2022 was driven by heightened demand across consumer electronics, automotive, and industrial applications. The dip in 2023 may indicate normalization in production and consumption patterns, as well as strategic adjustments in sourcing and manufacturing locations.
Top Trading Countries
Hong Kong led exports in 2024 with $219.80B, up from $193.52B in 2023 and $134.48B in 2019. This represents a 43.9% increase from 2019 to 2023 and 13.58% growth between 2023 and 2024.
Taiwan followed with $164.90B in 2024, slightly down from $166.46B in 2023. Compared to $100.40B in 2019, this marks a 65.8% increase over five years and a 0.94% decline between 2023 and 2024.
China reached $159.75B in 2024, rising from $136.34B in 2023 and $102.10B in 2019. Its exports grew 33.53% from 2019 to 2023 and 17.17% between 2023 and 2024.
South Korea exported $120.19B in 2024, up from $86.13B in 2023 and $79.08B in 2019. This reflects an 8.93% increase from 2019 to 2023 and 39.54% growth between 2023 and 2024.
Singapore reached $104.45B in 2023, up from $76.86B in 2019, marking a 35.9% increase. Data for 2024 is not available.
Malaysia exported $76.60B in 2024, rising from $74.73B in 2023 and $44.79B in 2019. This marks a 66.83% increase from 2019 to 2023 and 2.51% growth between 2023 and 2024.
On the Rise
The United States expanded its exports from $40.10B in 2019 to $43.56B in 2023 and $50.63B in 2024. This reflects an 8.62% increase from 2019 to 2023 and 16.25% growth between 2023 and 2024.
Japan reached $32.45B in 2024, up from $30.87B in 2023 and $27.78B in 2019. Its exports rose 11.1% from 2019 to 2023 and 5.14% between 2023 and 2024.
Israel grew from $2.10B in 2019 to $4.74B in 2023 and $5.74B in 2024. This marks a 126.05% increase from 2019 to 2023 and 20.98% growth between 2023 and 2024.
Italy exported $2.07B in 2024, up from $2.00B in 2023 and $1.43B in 2019. Its growth was 39.92% from 2019 to 2023 and 3.5% between 2023 and 2024.
The Czech Republic reached $1.66B in 2024, rising from $1.21B in 2023 and $1.14B in 2019. This reflects a 5.88% increase from 2019 to 2023 and 37.43% growth between 2023 and 2024.
Disclaimer
These insights are based on available trade data and may not represent the full market reality.
