Electronic Circuit Component Exports by Country

Date: 
December 9, 2019

 

Worldwide sales from electronic circuit component exports by country totaled US$715.6 billion in 2018.

Overall, the value of electronic circuit component exports expanded by an average 41.4% for all exporting countries since 2014 when electronic circuit component shipments were valued at $506.2 billion. The year-over-year uptick was 15.1% from 2017 to 2018.

Among continents, Asian suppliers sold the highest dollar worth of exported electronic circuit components during 2018 with shipments valued at $620.4 billion or 86.7% of the global total. In second place were European exporters with a 7.4% share while 5.7% of total international sales for electronic circuit components originated from North America.

Much smaller percentages came from Africa (0.1%), Latin America (0.02%) excluding Mexico but including the Caribbean then Oceania (0.01%) led by Australia and New Zealand.

The 4-digit Harmonized Tariff System code prefix is 8542 for electronic integrated circuits and microassemblies including related parts.

 

Countries

 

Below are the 15 countries that exported the highest dollar value worth of electronic circuit components during 2018.

  1. Hong Kong: US$132 billion (18.4% of exported electronic circuit components)
  2. South Korea: $109.8 billion (15.3%)
  3. Taiwan: $95.9 billion (13.4%)
  4. China: $84.7 billion (11.8%)
  5. Singapore: $82.8 billion (11.6%)
  6. Malaysia: $45.8 billion (6.4%)
  7. United States: $37.7 billion (5.3%)
  8. Japan: $28 billion (3.9%)
  9. Germany: $16.7 billion (2.3%)
  10. Vietnam: $15.5 billion (2.2%)
  11. Netherlands: $14.3 billion (2%)
  12. Philippines: $13.7 billion (1.9%)
  13. Thailand: $8.3 billion (1.2%)
  14. France: $7.7 billion (1.1%)
  15. Ireland: $4.2 billion (0.6%)

 

By value, the listed 15 countries shipped 97.4% of global electronic circuit component exports in 2018.

Among the top exporters, the fastest-growing electronic circuit components exporters since 2014 were: Vietnam (up 599%), Ireland (up 477.1%), Netherlands (up 138.5%) and South Korea (up 113%).

Only Singapore posted a decline in its exported electronic circuit components sales via a -1% slowdown.

 

Advantages

 

The following countries posted the highest positive net exports for electronic circuit components during 2018. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported electronic circuit components and its import purchases for that same commodity.

  1. South Korea: US$75.3 billion (net export surplus up 248.2% since 2014)
  2. Taiwan: $45.1 billion (up 19.1%)
  3. Singapore: $19 billion (down -25%)
  4. Malaysia: $11 billion (up 523.1%)
  5. Japan: $7.9 billion (down -9.3%)
  6. Ireland: $3.7 billion (up 1700.3%)
  7. France: $3.6 billion (up 42.6%)
  8. United States: $2.8 billion (down -40.4%)
  9. Netherlands: $2.6 billion (up 294.8%)
  10. Israel: $2.1 billion (down -3.6%)
  11. Namibia: $740.5 million (reversing a -$1.5 million deficit)
  12. Malta: $301.6 million (up 653.9%)
  13. Belgium: $275.3 million (reversing a -$260.1 million deficit)
  14. Belarus: $27.5 million (up 7.4%)
  15. Bulgaria: $11 million (down -64.9%)

South Korea had the highest surplus in the international trade of electronic circuit components. In turn, this positive cashflow confirms strong Korean competitive advantages for this specific product category.

 

Opportunities

 

The following countries posted the highest negative net exports for electronic circuit components during 2018. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported electronic circuit components purchases and its exports for that same commodity.

  1. China: -US$228.1 billion (net export deficit up 45% since 2014)
  2. Hong Kong: -$24.5 billion (up 18.7%)
  3. Mexico: -$17.2 billion (up 40.8%)
  4. Vietnam: -$7.4 billion (down -8.6%)
  5. India: -$6.9 billion (up 378.4%)
  6. Brazil: -$4.5 billion (up 3.6%)
  7. Thailand: -$3.6 billion (up 65.5%)
  8. Philippines: -$3.2 billion (reversing a $2.2 billion surplus)
  9. Germany: -$2.8 billion (reversing a $13 million surplus)
  10. Czech Republic: -$2.8 billion (up 40.4%)
  11. Hungary: -$2.4 billion (up 38%)
  12. Poland: -$2 billion (up 0.1%)
  13. Indonesia: -$1.5 billion (up 41.5%)
  14. Romania: -$1.4 billion (up 79.5%)
  15. Russia: -$1.2 billion (up 126.8%)

 

China incurred the highest deficit in the international trade of electronic circuit components–not surprising when one considers the People’s Republic’s leading role in producing fully assembled computer products that depend on such components. In turn, this negative cashflow highlights Chinese competitive disadvantages for this specific product category but also signals opportunities for electronic circuit components-supplying countries that help satisfy the powerful demand.

 

Companies

Integrated Circuit Manufacturers

Below are global integrated circuit manufacturing companies that represent established players engaged in the international electronic circuit components trade. The headquarters country for each business is shown within parenthesis.

  • Advanced Micro Devices (United States)
  • CML Microcircuits UK Ltd (United Kingdom)
  • EnSilica (United Kingdom)
  • Ferranti Computer Systems (Belgium)
  • Fujitsu (Japan)
  • Hitachi (Japan)
  • Integrated Device Techology (United States)
  • Intel (United States)
  • MediaTek (Taiwan)
  • MicroSystems International (Canada)
  • Nordic Semiconductor (Norway)
  • NXP Semiconductors (Netherlands)
  • Plessey (United Kingdom)
  • Renesas Electronics (Japan)

 

Source: worldstopexports.com

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