Recently (May 9th), the Chinese Customs released the National Key Import and Export Commodity Value Table (RMB) for the first four months of 2024 (January April).

Data shows that from January to April, the import and export quantity and amount of integrated circuit products in China both increased simultaneously. Among them, the import value increased by 15.9% simultaneously, and the export value also increased by 23.5% simultaneously.

Image source: Organized based on data from the General Administration of Customs

Specifically, in terms of imports, in April, China imported 46.55 billion integrated circuit products, with a cumulative import of 168.1 billion in the first four months, a year-on-year increase of 14.8%. In April, the import amount reached 222.49 billion yuan, with a cumulative import amount of 832.5 billion yuan in the first four months, a year-on-year increase of 15.9%. In addition, in the first four months, the quantity and amount of diodes and similar semiconductor devices also increased by 14.9% and 7.4% year-on-year, respectively.

In terms of exports, in the first four months, China exported 88.68 billion integrated circuit products, a year-on-year increase of 8.5%, with an export amount of 355.24 billion yuan, a year-on-year increase of 23.5%. Among them, in April, exports were 26.26 billion, with an export amount of 91.94 billion yuan. In addition, from January to April, China exported 24.1054 million mobile phones, a year-on-year increase of 4.6%, with an export amount of 266.76 billion yuan, a year-on-year decrease of 5.5%.

Currently, with the gradual increase in the localization rate of the semiconductor industry, the proportion of imported integrated circuit products in China is showing a downward trend to reduce dependence on imported chips.

According to data previously released by the customs, in 2023, China imported a total of 479.5 billion integrated circuits, a decrease of 10.8% compared to 2022; The cumulative export of integrated circuits is 267.8 billion, a decrease of 1.8% compared to 2022.