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Who buys South Korea’s chips (integrated circuits)? Export destinations 2024

In 2024, South Korea exported $168.7 billion of chips (integrated circuits) (35 thousand tonnes), 16.9% of the world total. Its main destinations were China (38%), Taiwan (17%) and Hong Kong (13%). South Korea was the world’s 3rd-largest exporter of chips (integrated circuits).

Summary

Value
$168.7billion
Tonnes
35thousand tonnes
Share of world total
16.9%
World rank
3rd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China63.6Tonnes: 5,488USD per tonne: $11,580,11137.7%Air
Taiwan28.9Tonnes: 2,644USD per tonne: $10,943,08817.2%Air
Hong Kong re-exports22.6Tonnes: 6,442USD per tonne: $3,502,75013.4%Air
Vietnam16.6Tonnes: 2,008USD per tonne: $8,267,1499.8%Air
Singapore re-exports15.2Tonnes: 1,588USD per tonne: $9,550,5069%Air
India3.5Tonnes: 695USD per tonne: $4,987,9592.1%Air
Malaysia3Tonnes: 3,810USD per tonne: $776,5891.8%Air
United States2.3Tonnes: 722USD per tonne: $3,251,5541.4%Air
Philippines2.3Tonnes: 1,342USD per tonne: $1,724,9371.4%Air
Mexico2Tonnes: 301USD per tonne: $6,627,9101.2%Air
Thailand1.9Tonnes: 1,151USD per tonne: $1,637,8711.1%Air
Brazil1.4Tonnes: 138USD per tonne: $10,118,4900.83%Air
Japan1.4Tonnes: 6,210USD per tonne: $218,7880.81%Air
Germany1.2Tonnes: 435USD per tonne: $2,834,0630.73%Air
Indonesia0.86Tonnes: 586USD per tonne: $1,466,8330.51%Air
Poland0.3Tonnes: 175USD per tonne: $1,694,4300.18%Air
France0.26Tonnes: 78USD per tonne: $3,385,6320.16%Air
Czechia0.21Tonnes: 45USD per tonne: $4,713,6650.13%Air
Israel0.2Tonnes: 6USD per tonne: $34,450,6250.12%Air
Canada0.15Tonnes: 46USD per tonne: $3,154,4760.09%Air

Trend

Who it sells to

China has been its main destination since 2006

Value in USD billions. The five largest destinations in 2024.

  • China 63.6
  • Taiwan 28.9
  • Hong Kong 22.6
  • Vietnam 16.6
  • Singapore 15.2

Source: CEPII BACI

Show the numbers
Partner19952024
China0.0563.6
Taiwan1.128.9
Hong Kong1.222.6
Vietnam< 0.0116.6
Singapore2.615.2

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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