Which Country Exports the Most Electronic Integrated Circuits in the World?
Electronic Components And Boards May 28, 2018
IndexBox has just published a new report "World: Electronic Integrated Circuits And Microassemblies - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
In 2016, approx. 368K tonnes of integrated circuit were imported worldwide- increasing by 4% against the previous year figure. Overall, integrated circuit imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012, an increase of 10% against the previous year level. Global integrated circuit import peaked of 437K tonnes in 2008- however, from 2009 to 2016, it failed to regain its strength.
In value terms, integrated circuit imports amounted to $609B in 2016. Overall, it indicated a strong increase from 2007 to 2016: the total imports value decreased at an average annual rate of -0.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, integrated circuit imports increased by +68.1% against its level of 2009. Over the period under review, global integrated circuit imports reached its maximum level in 2016, and are expected to retain its growth in the near future.
Top Integrated Circuit Importing Countries in the World
1. China (227.6 billion USD)
2. South Korea (29.9 billion USD)
3. Japan (17.0 billion USD)
4. Germany (13.6 billion USD)
5. Philippines (12.2 billion USD)
6. France (4.5 billion USD)
7. Netherlands (3.9 billion USD)
8. Czech Republic (2.6 billion USD)
9. Poland (2.4 billion USD)
10. Hungary (2.3 billion USD)
11. United Kingdom (1.9 billion USD)
12. Indonesia (1.5 billion USD)
Integrated Circuit Imports By Country
Hungary (92K tonnes), and China (63K tonnes) were the major importers of integrated circuit in 2016, amounting to approx. 25%, and 17% of total imports, respectively. The Philippines (27K tonnes) held a 7% share (based on tonnes) of global integrated circuit imports, which put it in second place, following Germany (5%), and South Korea (5%). The Netherlands (16K tonnes), France (13K tonnes), Poland (11K tonnes), Indonesia (10K tonnes), Japan (10K tonnes), Czech Republic (9.9K tonnes), and the UK (9.6K tonnes) followed a long way behind this figure.
From 2007 to 2016, the most notable growth rate of integrated circuit imports, among the main importing countries, was attained by Hungary (+16.5% per year), while the other global leaders experienced more modest paces of growth.
In value terms, China ($228B) constitutes the largest market for imported integrated circuit worldwide, making up 37% of global imports. The second position in the ranking was occupied by South Korea ($30B), with the share of 5% of global imports. It was followed by Japan, with the share of 3%.
In China, integrated circuit imports expanded at an average annual rate of +6.5% over the period from 2007-2016. In the other countries, the average annual rates were as follows: South Korea (+1.9% per year) and Japan (-2.5% per year).
Integrated Circuit Import Prices By Country
In 2016, the average import price for integrated circuit amounted to $1.7K per kg, standing approx. at the previous year level. Overall, it indicated a remarkable growth from 2007 to 2016: the import price value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, integrated circuit import price increased by +38.8% against its level of 2012. The growth pace was the most rapid in 2013, an increase of 29% from the previous year level. Over the period under review, average integrated circuit import price reached its maximum level of $1.7K per kg in 2015, leveling off in the following year.
Import prices varied noticeably by country of destination. the country with the highest import prices was China ($3.6K per kg), while Hungary ($25 per kg) was among the lowest.
From 2007 to 2016, the most notable growth rate of integrated circuit import prices was attained by China (+12.0% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global integrated circuit market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- integrated circuit market share
- integrated circuit prices
- integrated circuit industry
- integrated circuit sales
- integrated circuit import
- integrated circuit export
- integrated circuit market forecast
- integrated circuit price forecast
- key integrated circuit producers
All data provided in this article covers the following product: HS Code 8542 - Electronic integrated circuits.
