HS Icon Semiconductor Devices

8541 (Harmonized System 1992 for 4-digit)

World Trade (2018): $91.2B, Rnk 27 / 1225

Top Exporter (2018): $29.9B, China

Top Importer (2018): $14.8B, Hong Kong

Product Complexity (2018): 0.92, Rnk 201 / 1018

Export Growth (CAGR)(2017 - 2018): 3.44%, Rnk 1010 / 1225

Mean Tariff (2018): 2.92%, Rnk 55 / 1259

Share of World Trade (2018): 0.5%, Rnk 27 / 1225

Overview: In 2018, Semiconductor Devices were the world's 27th most traded product, with a total trade of $91.2B. Between 2017 and 2018 the exports of Semiconductor Devices grew by 3.44%, from  $88.1B to $91.2B. Trade in Semiconductor Devices represent 0.5% of total world trade.

Exports: In 2018 the top exporters of Semiconductor Devices  were China ($29.9B), Japan ($8.17B), Germany ($6.91B), Other Asia (Chinese Taipei) ($6.67B), and Malaysia ($6.59B).

Imports: In 2018 the top importers of Semiconductor Devices were Hong Kong ($14.8B), China ($12.6B), Germany ($6.94B), Singapore ($4.62B), and United States ($4.56B).

Tariffs: In 2018 the average tariff for Semiconductor Devices was 2.92%, been the 55 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Semiconductor Devices are Bahamas (32.2%), Bermuda (21.9%), Samoa (20%), Maldives (17.8%), and Ethiopia (17.3%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Semiconductor Devices ranks 201st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $29.9B

Top Destination (2018): Hong Kong, $14.8B

Semiconductor Devices are the world's 27th most traded product.

In 2018, the top exporters of Semiconductor Devices were China ($29.9B), Japan ($8.17B), Germany ($6.91B), Other Asia (Chinese Taipei) ($6.67B), and Malaysia ($6.59B).

In 2018, the top importers of Semiconductor Devices were Hong Kong ($14.8B), China ($12.6B), Germany ($6.94B), Singapore ($4.62B), and United States ($4.56B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $1.74B

Top Destination Growth (2017 - 2018): Hong Kong, $2.24B

Between 2017 and 2018, the exports of Semiconductor Devices grew the fastest in United States ($1.74B), Singapore ($1.51B), China ($1.45B), Germany ($813M), and Netherlands ($638M).

Between 2017 and 2018, the fastest growing importers of Semiconductor Devices were Hong Kong ($2.24B), Singapore ($1.52B), Vietnam ($1.33B), Thailand ($1.17B), and Germany ($701M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Semiconductor Devices.

In 2018,  market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Semiconductor Devices are explained by 12 countries.

TOP NET EXPORTER (2018): China, $17.3B

TOP NET IMPORTER (2018): Hong Kong, $13.8B

This map shows which countries export or import more of Semiconductor Devices. Each country is colored based on the difference in exports and imports of Semiconductor Devices during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Semiconductor Devices were China ($17.3B), Other Asia (Chinese Taipei) ($4.02B), Malaysia ($3.92B), Japan ($3.78B), and South Korea ($2.63B).

In 2018, the countries that had a largest trade value in imports than exports of Semiconductor Devices were Hong Kong ($13.8B), India ($3.19B), Mexico ($3.03B), Vietnam ($1.43B), and Australia ($1.41B).

Trade Predictions

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This section shows predictions for total trade for Semiconductor Devices. The Prediction is based in a Long Short-Term Memory Model constructed using annual trade data.

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Import Tariffs

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In 2018, the average tariff for importing Semiconductor Devices was 2.92%.  The countries with the highest tariffs for importing Semiconductor Devices were Bahamas (32.2%), Bermuda (21.9%), Samoa (20%), Maldives (17.8%), and Ethiopia (17.3%).

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Product Complexity

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Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.