Electronics

Recently, China Customs released the National Key Import and Export Commodity Value Table for May 2023 (in US dollars). According to data, in May of this year, the import and export volume of China's integrated circuit products in international trade was 39.64 billion and 21.3 billion, respectively, with a total import and export value of 26.357 billion US dollars and 9.834 billion US dollars, respectively.

In the first five months of this year (January May), China's international trade imports of integrated circuit products reached 186.48 billion, a year-on-year decrease of 19.6% compared to 231.98 billion in the first five months of 2022; Export products reached 103.43 billion, a year-on-year decrease of 11.7% compared to 117.14 billion in the same period last year.

From the perspective of total international trade imports and exports, in the first five months, the total import value of China's integrated circuit products in international trade was 131.9 billion US dollars, a year-on-year decrease of 24.2%, and the total export value was 52.57 billion US dollars, a year-on-year decrease of 17.2%. At present, although the prosperity of the Semiconductor industry continues to be weak, and the global economic headwind exacerbates the market downturn, the Chinese chip market seems to be performing well.

According to the latest report recently released by the Semiconductor Industry Association (SIA), in April this year, the global semiconductor chip sales reached 40 billion dollars, down 21.6% year on year and up 0.3% month on month. From the perspective of sales performance in various regions, except for a 2.9% month on month increase in chip sales in the Chinese market and a 0.9% month on month increase in the Japanese market, chip sales in other markets in Europe, the Americas, and the Asia Pacific have all recorded month on month declines, with declines of 0.6%, 1.0%, and 1.1%, respectively.