Integrated Circuits in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $121B in Integrated Circuits, making it the 3rd largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 1st most exported product in South Korea. The main destination of Integrated Circuits exports from South Korea are: China ($50.3B), Hong Kong ($17.5B), Vietnam ($15.9B), Chinese Taipei ($13.5B), and Singapore ($7.89B).

The fastest growing export markets for Integrated Circuits of South Korea between 2021 and 2022 were Vietnam ($2.79B), Singapore ($2.51B), and China ($2.07B).

Imports In 2022, South Korea imported $56.4B in Integrated Circuits, becoming the 5th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 2nd most imported product in South Korea. South Korea imports Integrated Circuits primarily from: China ($23.3B), Chinese Taipei ($16.5B), Japan ($4.14B), Singapore ($3.28B), and Malaysia ($2.94B).

The fastest growing import markets in Integrated Circuits for South Korea between 2021 and 2022 were Chinese Taipei ($3.46B), China ($2.52B), and Japan ($1.26B).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (1.25k), SAMSUNG ELECTRONICS AMERICA (98), and AMERICAN OMNI TRADING (47) were at the forefront of shipping Integrated Circuits from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Integrated Circuits exports accounted up to $8.62B and imports accounted up to $4.48B, resulting in a positive trade balance of $4.14B. Between February 2023 and February 2024 the exports of South Korea's Integrated Circuits have increased by $3.29B (61.8%) from $5.33B to $8.62B, while imports increased by $326M (7.85%) from $4.15B to $4.48B.

Destinations In February 2024, Integrated Circuits were exported mostly to China ($3.29B), Hong Kong ($2.02B), Vietnam ($1.18B), Chinese Taipei ($677M), and Singapore ($316M), and were imported mostly from Chinese Taipei ($1.65B), China ($1.55B), Japan ($311M), Singapore ($232M), and United States ($189M).

Growth In February 2024, the increase in Integrated Circuits's year-by-year exports was explained primarily by an increase in exports to Malaysia ($20.1M or 16.5%), Poland ($11.9M or 51.8%), and Malta ($8.79M or 315%). In February 2024, the increase in Integrated Circuits's year-by-year imports was explained primarily by an increase in imports from Japan ($314M or 99.2%), Malaysia ($58.4M or 37.8%), and Unknown ($50.5M or 224%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$3.29B(61.8%)

IMPORT GROWTH (February 2023 - February 2024)$326M(7.85%)

MAIN DESTINATION (February 2024)China$3.29B

This section shows Integrated Circuits's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Integrated Circuits over time.

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