Electronic Circuit Component Exports by Country

Date: 
October 21, 2020

 

Worldwide sales from electronic circuit component exports by country totaled US$ 720.5 billion in 2019.

Overall, the value of electronic circuit component exports increased by an average 41.9% for all exporting countries since 2015 when electronic circuit component shipments were valued at $507.7 billion. The year-over-year uptick was 1.8% from 2018 to 2019.

Among continents, Asian suppliers sold the highest dollar worth of exported electronic circuit components on international markets during 2019 with shipments valued at $621.4 billion or 86.2% of the global total. In second place were European exporters with a 7.6% share while 6.1% of global sales for electronic circuit components originated from North America.

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

For research purposes, 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 2019.

  1. Hong Kong: US$134.5 billion (18.7% of exported electronic circuit components)
  2. China: $102.2 billion (14.2%)
  3. Taiwan: $100.4 billion (13.9%)
  4. South Korea: $79.1 billion (11%)
  5. Singapore: $76.9 billion (10.7%)
  6. Malaysia: $44.8 billion (6.2%)
  7. United States: $40.1 billion (5.6%)
  8. Japan: $27.8 billion (3.9%)
  9. Vietnam: $26.1 billion (3.6%)
  10. Philippines: $19 billion (2.6%)
  11. Germany: $14.9 billion (2.1%)
  12. Netherlands: $14.6 billion (2%)
  13. France: $7.7 billion (1.1%)
  14. Thailand: $7.6 billion (1.1%)
  15. Ireland: $7.2 billion (1%)

The listed 15 countries shipped 97.5% of global electronic circuit components exported in 2019 by value.

Among the top exporters, the fastest-growing electronic circuit components exporters since 2015 were: Vietnam (up 539.4%), Ireland (up 372.6%), Netherlands (up 146.4%) and Malaysia (up 64.1%).

Only Thailand declined over the 5-year period via a -0.7% slowdown.

 

Advantages

 

The following countries posted the highest positive net exports for electronic circuit components during 2019. 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. Taiwan: US$46.7 billion (net export surplus up 23.6% since 2015)
  2. South Korea: $43.4 billion (up 110.9%)
  3. Singapore: $16.3 billion (down -28.2%)
  4. Malaysia: $12.9 billion (up 424%)
  5. Japan: $9.3 billion (up 37.8%)
  6. United States: $7 billion (up 50.7%)
  7. Ireland: $6.6 billion (up 556%)
  8. Philippines: $5.5 billion (up 652.1%)
  9. France: $3.9 billion (up 75.6%)
  10. Israel: $1 billion (down -65.5%)
  11. Malta: $207.4 million (up 135%)
  12. Switzerland: $92.5 million (reversing a -$166.3 million deficit)
  13. Belarus: $9 million (down -43.9%)
  14. Saint Helena: $2.3 million (up 1960.7%)
  15. British Virgin Islands: $1.6 million (reversing a -$678,000 deficit)

Overtaking South Korea in 2019, Taiwan had the highest surplus in the international trade of electronic circuit components. In turn, this positive cashflow confirms strong Taiwanese competitive advantages for this specific product category.

 

Opportunities

 

The following countries posted the highest negative net exports for electronic circuit components during 2019. 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$203.7 billion (net export deficit up 26.6% since 2015)
  2. Mexico: -$19.1 billion (up 47.8%)
  3. Hong Kong: -$16.8 billion (up 8%)
  4. India: -$9.7 billion (up 553.7%)
  5. Brazil: -$4.1 billion (up 43.3%)
  6. Thailand: -$3.8 billion (up 123.2%)
  7. Hungary: -$2.9 billion (up 61.2%)
  8. Vietnam: -$2.8 billion (down -68.4%)
  9. Poland: -$2.1 billion (up 13.4%)
  10. Germany: -$27 billion (up 40.7%)
  11. Czech Republic: -$1.9 billion (up 78.7%)
  12. Romania: -$1.4 billion (up 76.4%)
  13. Indonesia: -$1.13 billion (up 9.1%)
  14. Russia: -$1.11 billion (up 61.3%)
  15. Netherlands: -$16 billion (reversing a $268.5 million surplus)

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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