Welcome back, Daniel Workman here, senior research yst at Worlds Stop exports.com
Today, I'd like to share important insights about the world's third most lucrative export product integrated electronic circuits including parts that
commodity class trails, only crude oil and refined petroleum oils, miniature electronic circuits named for the electronic properties of
material from which they're made serve as the brains for millions of devices
They are engineered into car computers, smartphones, medical devices, outer space vehicles
industrial robots, internet games and much more in a nutshell. The digital economy runs on electronic circuits
Here's our agenda. We'll highlight the top exporters as well as the fastest growing suppliers of electronic circuits
Then we'll identify the leading import markets followed by trade surplus or deficits for major international sellers and buyers
Our final educational slide will summarize key points from our presentation. Best selling producers of electronic integrated
circuits including parts are Taiwan Semiconductor Intel, Qualcomm Broadcom Micron technology and graphics
process developer, NVIDIA worldwide exports of electronic integrated circus totaled $1.08 trillion
in 2022. Thus recording a 6.8% increase from $1 trillion.01 year earlier
the three leading exporters of electronic chips sold over half of globally exported circuits
In 2022 the top five suppliers shown are Asian countries. They are responsible for almost three quarters of total international sales
for circuits. The only non Asian country bottoming out the top 10 circuit suppliers are the United States of America and
the European powerhouse, Germany, expanding the scope of our ysis to the top 25 shippers of electronic circuits
The fastest score was a relatively small player. Finland via its triple digit gain from 2021 to 2022
The overall costs of imported electronic circuits totaled $1.26 trillion in 2022
Up by 5.3% from 2021. The two dominant buyers of electronic circuits on international markets
mainland China and Hong Kong accounted for 50.8% of the worldwide total
The five Asian suppliers shown accounted for well over two thirds of global spending on electronic microchips
The two top North American buyers shown on this slide. USA and Mexico generated a relatively small 5.6% of global purchases
of electronic chips. Let's look at the top 25 electronic circuits importers
strategically located and home to the European Union's headquarters. Belgium led the list of six accelerating buyers year over year
The list also included the high growth, Asian and world's third richest economy India benefiting
from its close proximity to mainland China. Taiwan reaped the greatest gross profit buying and selling electronic circuits
In 2022 all five Asian countries shown generated multibillion dollar trade surpluses as
the world's biggest spender purchasing electronic circuits from global markets. Mainland China also recorded the highest amounts of red ink
A strong player in assembling automotive computers. Mexico was the only non Asian country to make the list of top electronic circuits deficit
creators. Here are some of the key takeaways from our presentation for one electronic integrated
circuits including parts attracted the third highest total in international sales after crude oil and refined petroleum
three Asian competitors, Hong Kong, Taiwan and mainland China generated more than half of global revenues from selling exported electronic chips
Mainland China plus Hong Kong bought 50.8% of all imported circuits. The fastest growing exporter of electronic
circuits was relatively small player Finland. While another European competitor, Belgium posted the greatest increase
The biggest winner in terms of posting an electronic chips trade surplus was Taiwan drawing the highest amount of red ink was emerging world
leader mainland China. For more key insights and useful international trade data
please visit us at Worlds Stop exports.com. Note that many of our articles feature a searchable document database that showcase the country's top
100 most valuable exported products. And we'll see you again on our next fun video