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Chips (integrated circuits): top exporters and importers (2024)

In 2024, world trade in chips (integrated circuits) totaled $995.8 billion (915 thousand tonnes). The top exporters were Taiwan (24%), China (18%) and South Korea (17%); the top importers were Hong Kong (22%), China (20%) and Singapore (9%). Compared with 2019, the value rose 44%.

Summary

World trade
$995.8billion
Tonnes
915thousand tonnes
Price per tonne
$1,063,976
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Taiwan$235.7 billion · 23.7%
    see destinations
  2. China$176.1 billion · 17.7%
    see destinations
  3. South Korea$168.7 billion · 16.9%
    see destinations
  4. Malaysia$82.7 billion · 8.3%
    see destinations
  5. Singapore$70.7 billion · 7.1%
    re-exports · see destinations
  6. Japan$52.1 billion · 5.2%
    see destinations
  7. United States$43.9 billion · 4.4%
    see destinations
  8. Vietnam$32.1 billion · 3.2%
    see destinations
  9. Philippines$23.7 billion · 2.4%
    see destinations
  10. Germany$16.9 billion · 1.7%
    see destinations
  11. Thailand$16 billion · 1.6%
    see destinations
  12. Ireland$14 billion · 1.4%
    see destinations
  13. Israel$12.8 billion · 1.3%
    see destinations
  14. Hong Kong$12.4 billion · 1.3%
    re-exports · see destinations
  15. France$6.3 billion · 0.63%
    see destinations
  16. Netherlands$5.8 billion · 0.58%
    re-exports · see destinations
  17. Costa Rica$4.2 billion · 0.42%
    see destinations
  18. Mexico$3.6 billion · 0.36%
    see destinations
  19. Italy$2.3 billion · 0.23%
    see destinations
  20. Belgium$1.5 billion · 0.15%
    re-exports · see destinations

Top importers

  1. Hong Kong$222.8 billion · 22.4%
    re-exports · see sources
  2. China$201.3 billion · 20.2%
    see sources
  3. Singapore$93.7 billion · 9.4%
    re-exports · see sources
  4. Taiwan$76.2 billion · 7.7%
    see sources
  5. Vietnam$63.1 billion · 6.3%
    see sources
  6. South Korea$59.6 billion · 6%
    see sources
  7. Malaysia$49.1 billion · 4.9%
    see sources
  8. United States$40.3 billion · 4%
    see sources
  9. Mexico$24.6 billion · 2.5%
    see sources
  10. Japan$23.9 billion · 2.4%
    see sources
  11. India$22.9 billion · 2.3%
    see sources
  12. Thailand$21.8 billion · 2.2%
    see sources
  13. Germany$18.4 billion · 1.9%
    see sources
  14. Philippines$12.8 billion · 1.3%
    see sources
  15. Brazil$5.9 billion · 0.6%
    see sources
  16. Netherlands$5.2 billion · 0.52%
    re-exports · see sources
  17. Ireland$4.9 billion · 0.49%
    see sources
  18. France$4.4 billion · 0.45%
    see sources
  19. Indonesia$4 billion · 0.4%
    see sources
  20. Hungary$3.8 billion · 0.38%
    see sources

Trend

Who sells it

Taiwan has been the top exporter since 2012

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

  • Taiwan 236
  • China 176
  • South Korea 169
  • Malaysia 82.7
  • Singapore 70.7

Source: CEPII BACI

Show the numbers
Country19952024
Taiwan8236
China0.56176
South Korea17.6169
Malaysia11.482.7
Singapore11.570.7

Price

Implied price

The price per tonne rose 1,544% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,063,976

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$64,705
1996$95,013
1997$198,328
1998$162,196
1999$171,301
2000$200,947
2001$249,942
2002$358,704
2003$232,214
2004$213,638
2005$540,086
2006$545,844
2007$227,650
2008$218,184
2009$219,405
2010$343,849
2011$261,213
2012$711,822
2013$800,708
2014$465,091
2015$792,419
2016$910,391
2017$1,164,246
2018$1,137,145
2019$1,183,476
2020$974,542
2021$1,151,262
2022$1,361,212
2023$923,982
2024$1,063,976

What it includes

  • 8542 · Microchips

Products in the same chapter

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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