Semiconductors (HS 8541) Export 2024: Market Shift
Global Semiconductors (devices) Export Market Landscape
In global trade, Semiconductors (devices) are tracked under HS Code 8541, covering electronic components critical for computing, telecommunications, and industrial automation. As high-value intermediate goods, they underpin modern manufacturing and are highly sensitive to geopolitical and industrial policy shifts.
Strategic Insights
- Market Momentum: Global semiconductor exports faced volatility in 2024, with total value dropping from $5.70B in January to $3.89B by November, reflecting erratic demand and supply chain turbulence.
- Geographic Power: Supply is monopolized by China (39.25% export value), while demand is fragmented across key markets like India, Mexico, and the US. Vietnam emerges as both a major exporter and processing hub.
- Supply Chain Structure: Dominated by consolidated suppliers—top players control 58.53% of export value. Buyers rely heavily on a few giants, with limited flexibility for smaller orders.
Global Semiconductors (devices) Export Trend in 2024 Whole Year
Global semiconductor exports in 2024 were marked by significant volatility, reflecting the sector's central role in modern industrial policy shifts [PIIE].
- Aggregate Performance: Total observed export value showed a notable decline from the year's start, falling from $5.70B in January to $3.89B by November.
- Period Dynamics: Trade flows were highly erratic, with sharp monthly swings in both value and volume indicating a turbulent and reactive market.
Table: Semiconductors (devices) Export Trend in 2024 Whole Year
| Date | Value | Weight | Unit Price | Value MoM | Weight MoM | Unit Price MoM |
|---|---|---|---|---|---|---|
| 2024-01-01 | 5.70B USD | 10.70B kg | $0.53/kg | N/A | N/A | N/A |
| 2024-02-01 | 4.79B USD | 11.16B kg | $0.43/kg | -15.90% | +4.28% | -19.35% |
| 2024-03-01 | 6.06B USD | 8.61B kg | $0.70/kg | +26.44% | -22.85% | +63.89% |
| 2024-04-01 | 4.96B USD | 7.95B kg | $0.62/kg | -18.14% | -7.66% | -11.35% |
| 2024-05-01 | 4.96B USD | 9.25B kg | $0.54/kg | +0.10% | +16.38% | -13.98% |
| 2024-06-01 | 4.52B USD | 8.57B kg | $0.53/kg | -9.01% | -7.36% | -1.78% |
| 2024-07-01 | 5.47B USD | 8.61B kg | $0.64/kg | +21.10% | +0.42% | +20.60% |
| 2024-08-01 | 4.81B USD | 9.13B kg | $0.53/kg | -12.07% | +6.03% | -17.07% |
| 2024-09-01 | 4.01B USD | 8.23B kg | $0.49/kg | -16.50% | -9.80% | -7.44% |
| 2024-10-01 | 4.38B USD | 11.82B kg | $0.37/kg | +9.07% | +43.63% | -24.07% |
| 2024-11-01 | 3.89B USD | 9.84B kg | $0.39/kg | -11.24% | -16.78% | +6.66% |
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Semiconductors (devices) Global Market Structure: Supply vs. Demand
Top Origin Countries & Production Hubs
- China Mainland dominates as the global supplier, capturing 39.25% of export value and 69.02% of quantity shipped. This is overwhelming market control.
- Supply is highly concentrated. The top 3 exporters (China, Vietnam, India) account for 64.12% of global export value. This structure is monopolistic.
- Vietnam emerges as the primary challenger, holding 17.00% of export value. India also shows notable presence (7.87% value share), positioning itself as a significant secondary hub.
Top Destination Countries & Consumption Markets
- India and Mexico are the key global buyers, holding 20.61% and 19.56% of import value respectively. The US follows closely as a major market (16.91% value share).
- Demand is driven by both industrial processing hubs and end-markets. Vietnam (high imports) and Mexico (massive weight share) act as major processing/re-export centers. India and the US represent significant end-consumer/industrial demand.
- Emerging markets like Brazil, Pakistan, and Uzbekistan appear in the top importers, signaling broadening global demand beyond traditional centers.
Supply-Demand Dynamics
- Highly concentrated supply (led by China) meets fragmented global demand across diverse economies. This imbalance favors suppliers.
- Trade flows show Asia (especially China) supplying global manufacturing hubs (Vietnam, Mexico) and major end-markets (India, US, Brazil). Vietnam acts as both a key importer and exporter.
- Pricing power sits firmly with major exporters, particularly China, due to extreme supply concentration. Large buyers (US, Mexico) may exert counter-pressure, but supplier dominance prevails.
Table: Global Semiconductors (devices) Export —— Top Destination Countries
| Destination Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| INDIA | 11.92B | 220.22B | 1.62M | 229.50M |
| MEXICO | 11.32B | 18.95B | 1.05M | 116.97B |
| UNITED STATES | 9.78B | 824.36M | 172.83K | 8.43B |
| VIETNAM | 7.76B | 131.56B | 1.04M | 6.53B |
| BRAZIL | 2.96B | 10.28B | 92.13K | 1.22B |
| PAKISTAN | ****** | ****** | ****** | ****** |
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Table: Global Semiconductors (devices) Export —— Top origin Countries
| Origin Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| CHINA MAINLAND | 22.59B | 306.57B | 2.46M | 39.16B |
| VIETNAM | 9.78B | 26.83B | 234.21K | 3.55B |
| INDIA | 4.53B | 886.16M | 77.11K | 313.91M |
| JAPAN | 3.58B | 11.19B | 254.05K | 6.59B |
| MEXICO | 2.50B | 261.14M | 134.64K | 42.40B |
| MALAYSIA | ****** | ****** | ****** | ****** |
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Global Semiconductors (devices) Export Analysis: Key Suppliers & Buyers
Suppliers Concentration & Strategy
- Power Center: Highly consolidated. Dominators (49.5% shipments) control 58.53% of total export value.
- Operational Style: High-frequency shipping dominates (77.84% total shipments). Bulk Movers (High Value Low Frequency) represent only 8.07% of shipments but 35.58% of value.
- Risk/Opportunity: Buyers face reliance on few giants. Diversify with Retail/JIT suppliers (28.34% shipments, low MOQs) for flexibility.
Oversea Buyers Procurement Patterns
- Procurement Behavior: Dominators (46.58% shipments) drive 74.46% of value, indicating regular large-scale restocking. Bulk Movers (11.38% shipments) handle 51.37% of shipment weight – signaling heavy stockpiling.
- Market Tier: Consolidated. Dominators (OPPO, Kaynes) capture 71.65% of volume. Retail/JIT buyers (27.07% shipments) are active but marginal (3.56% value).
Market Entry & Negotiation Strategy
- New Suppliers: Target Dominator buyers (OPPO, Kaynes) for volume, but expect stiff competition. Pursue Retail/JIT importers for faster entry with smaller orders.
- New Buyers: Secure contracts early with Dominator exporters (e.g., WPG South Asia). Use Bulk Movers (Infineon) for spot purchases. Avoid low-frequency suppliers (63% weight share but 3.42% value) for cost efficiency.
- Critical Move: Lock in Dominator partnerships. Their 49.5% shipment share and 60.4% volume share dictate market access.
Table: Global Semiconductors (devices) Export —— Top Buyers
| Buyer Company | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| FIRST SOLAR INC | 1.75B | 14.84M | 40.34K | 718.95M |
| SKYWORKS SOLUTIONS DE MEXICO S DE RL DE CV | 614.18M | 203.20K | 17.72K | 1.38B |
| SEOUL SEMICONDUCTOR CO., LTD | 264.75M | 5.02B | 44.40K | 18.53M |
| ON SEMICONDUCTOR VIETNAM COMPANY LIMITED | ****** | ****** | ****** | ****** |
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Table: Global Semiconductors (devices) Export —— Top Suppliers
| Supplier Company | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| FS INDIA SOLAR VENTURES PRIVATE LIMITED | 930.21M | 7.11M | 23.24K | 138.51K |
| FIRST SOLAR VIETNAM MANUFACTURING COMPANY LTD | 870.65M | 7.69M | 15.81K | 288.12M |
| MUNDRA SOLAR PV LIMITED | 801.13M | 4.70M | 6.74K | 35.99M |
| NEXPERIA PHILIPPINES INC | ****** | ****** | ****** | ****** |
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Frequently Asked Questions
What is the HS Code for Semiconductors (devices)?
The HS Code for Semiconductors (devices) is 8541, covering products like diodes, transistors, and integrated circuits used in electronics.
Which country is the largest exporter of Semiconductors (devices) in 2024 Whole Year?
China Mainland is the largest exporter, dominating global supply with $22.59B in export value.
Who are the top importers of Semiconductors (devices) in 2024 Whole Year?
Top importers include India ($11.92B), Mexico ($11.32B), and the United States ($9.78B), serving as major consumption markets and manufacturing hubs.
Who are the major suppliers and companies trading Semiconductors (devices) in 2024 Whole Year?
Key players include buyers like First Solar Inc ($1.75B) and Skyworks Solutions De Mexico S De RL De CV ($614.18M), and suppliers such as FS India Solar Ventures Private Limited ($930.21M) and First Solar Vietnam Manufacturing Company Ltd ($870.65M).
Why do Semiconductors (devices) import rankings sometimes differ from export destination lists?
Trade asymmetries occur because export data reflects intended destinations (FOB value), while import data records actual arrivals (CIF value). Intermediary hubs like Mexico or Vietnam may also cause discrepancies due to trans-shipments.
How to find reliable Semiconductors (devices) suppliers and exporters in 2024 Whole Year?
Access verified shipment records, bill of lading details, and active supplier lists for HS Code 8541 via the yTrade database, focusing on key regions like China Mainland.
Semiconductors Export 2023: Market Dominance
China leads global semiconductor exports under HS Code 8541, with Pakistan and India as top importers. Explore 2023 trends and supplier data on yTrade.
Semiconductors Export 2025: Market Shift
Track global Semiconductors (HS 8541) export trends on yTrade. Malaysia leads with $90.75B, while India dominates imports. Key insights on market volatility and supplier risks.
