China's customs statistics show that from January to October this year, China's integrated circuit exports totaled US $93.09 billion, a year-on-year increase of 12.4%, surpassing mobile phones as the single commodity with the largest cumulative export volume and the only single electromechanical product with double-digit growth in the first half of this year. As of October, the export volume of integrated circuits has increased year-on-year for 22 consecutive months, and its proportion in the export of mechanical and electrical products has increased from 4.5% at the beginning of 2017 to about 7.7% at present
at present, China's investment in upstream wafer factories is increasing. Semi predicts that by 2024, China will add 19 300 mm wafer plants, and the global share of China's 300 mm capacity will increase from 8% in 2015 to 20% in 2024. "In the future, China's emerging applications in automotive electronics and 5g base stations and the changes in China's industrial chain pattern will stimulate enterprises to strengthen their independent R & D capacity in the semiconductor industry and find the possibility of domestic substitution." Zhu Qing, industry assistant of the industry development department of China Chamber of Commerce for import and export of mechanical and electrical products, said that under the dual role of policy dividend and market growth, the development of China's integrated circuit foreign trade is expected to further improve the quantity and quality
in recent years, China's exports of integrated circuits to Vietnam have increased significantly, which began in August 2016. According to the data provided by China Chamber of Commerce for import and export of mechanical and electrical products, in August 2016, the export volume of China's integrated circuits to Vietnam exceeded US $100 million to US $118 million, compared with us $50 million before. In May 2020, it reached the highest level of US $1.19 billion in a single month, basically maintaining a high-speed growth of more than 30% year-on-year. The proportion of integrated circuits in China's exports of mechanical and electrical products to Vietnam increased from 5% in 2016 to 20% at present. Vietnam's ranking in China's IC export market rose from No. 5 in early 2017 to No. 4 in September 2020
in terms of import, integrated circuits are the single commodity with the largest import volume. Data show that in the first 10 months of this year, China's integrated circuit imports totaled US $238.57 billion, a year-on-year increase of 14%, accounting for 37% of all imports of mechanical and electrical products. As of October this year, the import volume of integrated circuits has increased by double digits for nine consecutive months. Among them, in September, China's import of integrated circuits reached US $37.11 billion, the highest peak in history, with a year-on-year increase of 27.2%, which is the main single product driving China's import of mechanical and electrical products
"Taiwan and South Korea are the main sources of China's IC imports. In the first nine months of this year, China imported US $87.4 billion and US $50.15 billion from the two regions, an increase of 23.5% and 5.8% respectively, accounting for 54.4% in total. This proportion has continued to increase at an average annual rate of more than 1 percentage point in the past 10 years, showing the Matthew effect of the strong in the semiconductor industry." Zhu Qing said that in terms of the structure of imported products, Taiwan is mainly processor and South Korea is mainly memory. The United States ranks sixth as the source of imports, and after Taiwan, South Korea, Malaysia, Vietnam and Japan, its monthly import volume is stable at about US $1.2 billion. The development of global information technology, especially the needs of the Internet of things and informatization, constitutes a good support for the integrated circuit market, and China's integrated circuit foreign trade will maintain sustained growth
