Exports of electronic circuit components from all countries totaled US$972.7 billion in 2023. The dollar amount for that specific commodity equals 4.2% of the overall value of all exported products which was $23.291 trillion. That percentage represents a drop from 4.5% one year earlier.
Total sales of exported electronic circuit components grew by an average 38.6% since five years earlier in 2019 when international shipments of electronic circuit components were worth $701.6 billion.
Year over year, export sales for electronic circuit components declined by -9.7% compared to the $1.078 trillion during 2022.
By value, the 5 largest exporters of electronic circuit components are Hong Kong, Taiwan, mainland China, Singapore and South Korea. That leading quintet of major exporters generated 70.7% of the world’s international sales for electronic circuit components in 2023.
Such a high percentage indicates a relatively strong concentration for these dominant competitors within the worldwide electronic circuits industry.
Among continents, suppliers in Asia sold the highest dollar worth of exported electronic circuit components on global markets during 2023 with shipments valued at $867.6 billion or 89.2% of the world’s total sales.
Lower percentages are attributed to exporters in Europe (5.8%), North America (4.9%), Africa (0.03%), Latin America (0.02%) excluding Mexico but including the Caribbean, and Oceania (0.01%) led by Australia, New Zealand and Papua New Guinea.
For research purposes, the 4-digit Harmonized Tariff System code prefix is 8542 for electronic integrated circuits and microassemblies including related parts.
Electronic Circuit Component Exports by Country
Below are the 15 countries that exported the highest dollar value worth of electronic circuit components during 2023.
- Hong Kong: US$194 billion (19.9% of exported circuit components)
- Taiwan: $166.8 billion (17.1%)
- mainland China: $136.6 billion (14%)
- Singapore: $104.5 billion (10.7%)
- South Korea: $86.1 billion (8.9%)
- Malaysia: $74.8 billion (7.7%)
- United States: $43.6 billion (4.5%)
- Vietnam: $32.6 billion (3.4%)
- Japan: $30.9 billion (3.2%)
- Philippines: $26 billion (2.7%)
- Germany: $21.9 billion (2.3%)
- France: $9.7 billion (1%)
- Thailand: $9.6 billion (1%)
- Ireland: $5.8 billion (0.6%)
- Netherlands: $4.4 billion (0.5%)
By value, the listed 15 countries shipped 97.4% of global exports of electronic circuit components in 2023.
Among the top exporters, growth exporters of electronic circuit components since 2022 were: Vietnam (up 146%), Germany (up 10.7%) and Thailand (up 3.7%).
Those countries that posted declines in their exported electronic circuit components sales were led by: Ireland (down -51.1% from 2022), South Korea (down -23.7%), United States of America (down -15.6%), Netherlands (down -15%) and Singapore (down -14.4%).
Searchable List of Countries Exporting Electronic Circuit Components in 2023
The 100 key suppliers in the following automated database accounted for 99.999% of the value of all electronic circuit components exported in 2023.
| Rank | Exporter | Electronic Circuit Exports | 2022-3 |
|---|---|---|---|
| 1. | Hong Kong | $194,031,867,000 | -9.4% |
| 2. | Taiwan | $166,753,596,000 | -9.3% |
| 3. | mainland China | $136,583,458,000 | -11.6% |
| 4. | Singapore | $104,478,033,000 | -14.4% |
| 5. | South Korea | $86,134,555,000 | -23.7% |
| 6. | Malaysia | $74,814,605,000 | -4.8% |
| 7. | United States | $43,556,975,000 | -15.6% |
| 8. | Vietnam | $32,616,839,000 | +146% |
| 9. | Japan | $30,945,579,000 | -8.6% |
| 10. | Philippines | $25,996,131,000 | -10.2% |
| 11. | Germany | $21,944,876,000 | +10.7% |
| 12. | France | $9,684,701,000 | -1.9% |
| 13. | Thailand | $9,594,320,000 | +3.7% |
| 14. | Ireland | $5,842,335,000 | -51.1% |
| 15. | Netherlands | $4,446,105,000 | -15% |
| 16. | Israel | $4,434,951,000 | -10.2% |
| 17. | Mexico | $3,381,526,000 | -19.3% |
| 18. | Belgium | $2,842,770,000 | +10.4% |
| 19. | Italy | $2,000,371,000 | +9.7% |
| 20. | United Kingdom | $1,330,633,000 | -36% |
| 21. | Czech Republic | $1,208,123,000 | -8.1% |
| 22. | Austria | $1,000,051,000 | +10.8% |
| 23. | Malta | $963,662,000 | +19.1% |
| 24. | Switzerland | $920,287,000 | -0.6% |
| 25. | Canada | $837,445,000 | -27.6% |
| 26. | Indonesia | $735,833,000 | +42.1% |
| 27. | Hungary | $631,720,000 | -19.9% |
| 28. | Finland | $611,687,000 | -25.1% |
| 29. | Bulgaria | $575,446,000 | +22.6% |
| 30. | Portugal | $454,616,000 | -5.4% |
| 31. | Poland | $428,253,000 | +2% |
| 32. | Spain | $391,932,000 | +6% |
| 33. | Sweden | $354,044,000 | -30% |
| 34. | Denmark | $286,539,000 | -23.9% |
| 35. | India | $215,265,000 | -54.8% |
| 36. | Morocco | $194,594,000 | +56.1% |
| 37. | Romania | $175,680,000 | +12.8% |
| 38. | Serbia | $158,312,000 | +72.4% |
| 39. | Slovakia | $156,377,000 | +65.6% |
| 40. | Australia | $85,000,000 | -6.8% |
| 41. | Latvia | $82,019,000 | -28.1% |
| 42. | Brazil | $80,210,000 | +10.1% |
| 43. | Tunisia | $75,481,000 | -9.2% |
| 44. | Costa Rica | $74,743,000 | +23.9% |
| 45. | United Arab Emirates | $63,735,000 | -82% |
| 46. | Cambodia | $61,016,000 | +85% |
| 47. | Norway | $59,757,000 | +0.02% |
| 48. | Estonia | $50,867,000 | -15.4% |
| 49. | Slovenia | $41,557,000 | +1% |
| 50. | Türkiye | $33,970,000 | -17.9% |
| 51. | Lithuania | $32,287,000 | -12.9% |
| 52. | Greece | $31,233,000 | -15.4% |
| 53. | South Africa | $28,169,000 | +41.4% |
| 54. | Ukraine | $22,176,000 | -48.5% |
| 55. | Russia | $20,553,000 | -34.2% |
| 56. | Armenia | $19,807,000 | +47.5% |
| 57. | Qatar | $17,525,000 | +2745% |
| 58. | Kazakhstan | $17,296,000 | -30.7% |
| 59. | Kyrgyzstan | $12,340,000 | +1764% |
| 60. | Belarus | $12,102,000 | -27.1% |
| 61. | Macao | $11,410,000 | -42.3% |
| 62. | Egypt | $7,246,000 | -47.9% |
| 63. | Sri Lanka | $6,958,000 | +101.4% |
| 64. | Croatia | $6,539,000 | -31.7% |
| 65. | Andorra | $5,302,000 | -13% |
| 66. | Iran | $5,120,000 | +7214% |
| 67. | Colombia | $4,405,000 | +344.9% |
| 68. | Luxembourg | $4,270,000 | -51.3% |
| 69. | Albania | $4,174,000 | 0% |
| 70. | Chile | $3,759,000 | +21.1% |
| 71. | US Minor Outlying Is | $3,635,000 | +226% |
| 72. | Mali | $3,567,000 | 0% |
| 73. | Bosnia/Herzegovina | $3,148,000 | +16.2% |
| 74. | Dominican Republic | $3,103,000 | -17.6% |
| 75. | Kuwait | $3,042,000 | +15110% |
| 76. | New Zealand | $2,950,000 | -45.6% |
| 77. | Bahrain | $2,254,000 | -44% |
| 78. | Panama | $1,744,000 | +47.7% |
| 79. | North Macedonia | $1,644,000 | +182% |
| 80. | Papua New Guinea | $1,573,000 | -66.8% |
| 81. | Cayman Islands | $1,498,000 | -50.4% |
| 82. | Saudi Arabia | $1,271,000 | -76.9% |
| 83. | Laos | $1,247,000 | -5.1% |
| 84. | Bangladesh | $1,225,000 | +912.4% |
| 85. | Guatemala | $893,000 | -7.9% |
| 86. | Cameroon | $841,000 | -38.3% |
| 87. | Djibouti | $756,000 | 0% |
| 88. | Ecuador | $743,000 | +9.4% |
| 89. | Mauritius | $536,000 | 0% |
| 90. | Peru | $510,000 | +97.7% |
| 91. | Curaçao | $398,000 | +804.5% |
| 92. | Gabon | $367,000 | +193.6% |
| 93. | North Korea | $344,000 | +0.6% |
| 94. | Cyprus | $316,000 | -71% |
| 95. | Uzbekistan | $284,000 | -61.4% |
| 96. | Afghanistan | $272,000 | -50.2% |
| 97. | Georgia | $267,000 | +14.1% |
| 98. | El Salvador | $227,000 | +24% |
| 99. | Bolivia | $218,000 | +1111% |
| 100. | Pakistan | $204,000 | +42.7% |
Expanding the scope of our analysis to compare the top 100 electronic circuit components suppliers, the fastest percentage gainers were Kuwait (up 15,110% from 2022), Iran (up 7,214%), Qatar (up 2,745%), Kyrgyzstan (up 1,764%) and Bolivia (up 1,111%).
You can change the presentation order by clicking the triangle icon at the top of the columns. An entry of 0% in the right-most column means that no 2022 data was available.
Countries Earning Best Trade Surpluses from Electronic Circuits
The following countries posted the highest positive net exports for electronic circuit components during 2023. 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.
- Taiwan: US$93.5 billion (net export surplus down -2.8% since 2022)
- South Korea: $34.4 billion (down -31.7%)
- Malaysia: $30.8 billion (up 24%)
- Singapore: $16.8 billion (up 19.6%)
- Philippines: $12.6 billion (up 8%)
- United States: $7.5 billion (down -5.6%)
- France: $4.6 billion (up 20.7%)
- Israel: $2.8 billion (up 2.4%)
- Japan: $2.3 billion (up 14.9%)
- Ireland: $1.2 billion (down -78.7%)
- Malta: $280.1 million (up 8.9%)
- Bulgaria: $119.6 million (reversing a -$21.2 million deficit)
- Serbia: $26.1 million (reversing a -$29.4 million deficit)
- Qatar: $8.5 million (reversing a -$5.7 million deficit)
- US Minor Outlying Is: $2.8 million (reversing a -$6.1 million deficit)
Strategically located trading hub Taiwan garnered 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.
Countries Incurring Worst Trade Deficits from Electronic Circuits
The following countries posted the highest negative net exports for electronic circuit components during 2023. 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.
- mainland China: -US$214.2 billion (net export deficit down -18.2% since 2022)
- Mexico: -$20.7 billion (down -6.7%)
- India: -$19 billion (up 21.4%)
- Vietnam: -$15.2 billion (down -63.1%)
- Thailand: -$10.1 billion (up 1.9%)
- Hong Kong: -$8.7 billion (up 5.7%)
- Brazil: -$4.8 billion (down -17.7%)
- Hungary: -$3.8 billion (up 21%)
- Poland: -$3.5 billion (up 0.1%)
- Belgium: -$3.3 billion (up 42.3%)
- Indonesia: -$3.2 billion (down -7%)
- Germany: -$3.19 billion (down -16.7%)
- Romania: -$2.31 billion (up 2.7%)
- Czech Republic: -$2.25 billion (down -1.1%)
- United Kingdom: -$1.5 billion (up 22.1%)
Mainland China incurred the highest deficit in the international trade of electronic circuit components–not surprising when one considers the People’s Republic also plays a 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.
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)
See also Electricity Exports by Country, Top Surveying Equipment Exporters by Country, Top Artificial Joints Exporters by Country, Heart Pacemaker Export Sales by Country and Top Industrial Robots Exporters
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on August 19, 2024
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on August 19, 2024
Investopedia, Net Exports Definition. Accessed on August 19, 2024
Wikipedia, List of integrated circuit manufacturers. Accessed on August 19, 2024