
Singapore - Electronic Integrated Circuits and Microassemblies - Market Analysis, Forecast, Size, Trends and Insights
Singapore's Electronic Chip Exports Surge to Near $85B
IndexBox has just published a new report: 'Singapore - Electronic Integrated Circuits and Microassemblies - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Electronic Chip Exports from Singapore
In 2020, the amount of electronic chips exported from Singapore skyrocketed to 259B units, with an increase of 27% compared with 2019. In value terms, supplies totalled $84.7B (IndexBox estimates).
Indonesia (88B units) was the main destination for electronic chip exports from Singapore, accounting for a 34% share of total exports. Moreover, electronic chip exports to Indonesia exceeded the volume sent to the second major destination, Hong Kong SAR (43B units), twofold. The third position in this ranking was occupied by China (37B units), with a 14% share.
In value terms, Hong Kong SAR ($27.5B) remains the key foreign market for electronic chip exports from Singapore, comprising 32% of total exports. The second position in the ranking was occupied by China ($13.3B), with a 16% share of total exports. It was followed by Taiwan (Chinese), with a 9.7% share.
In 2020, the annual growth rate of value to Hong Kong SAR amounted to +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+21.2% per year) and Taiwan (Chinese) (+14.3% per year).
This report provides an in-depth analysis of the electronic chip market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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