• Analysis and Studies
• Integrated Circuits: a look at the market

Since the late 2020s, a severe shortage of microchips has impacted many industries, with demand far exceeding global production capacity, forcing factories that rely heavily on processors to reduce shifts or even close temporarily. The chip shortage began in earnest in late December 2020 and was triggered in part by automakers' miscalculating demand and a jump in smartphone and laptop sales. Plus, there are very few factories in the world capable of producing the most sophisticated microchips. 

Here are some quick facts about the import and export of integrated circuits!

In 2020, integrated circuits were the world's most traded product. With a value of $669 billion, it represents 4% of the world's total trade. In 2020, the top exporters of integrated circuits were Taiwan ($138 billion), China ($120 billion), South Korea ($89.1 billion), Malaysia ($65 billion), and Singapore ($62.7 billion). Hong Kong ($162 billion), China ($144 billion), Singapore ($51.1 billion), Taiwan ($48.6 billion), and South Korea ($38.6 billion) were the top importers.

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