Semiconductor imports to China shrink for first time in two years, but value jumps nearly 20 per cent
- China’s integrated circuit imports fell 4.6 per cent in January and February to 91.9 billion units year on year
- China has been trying boost to domestic production amid a chip shortage that has pushed up prices, but it still relies on imports for advanced chips

China’s import volume of integrated circuits (ICs) in the first two months of 2022 fell 4.6 per cent compared with the same period last year, marking the first year-on-year drop since the beginning of 2020, according to official customs data.
For the last two years, monthly year-to-date IC import growth has hovered around 25 per cent, with the highest growth coming in March 2021 at 33.6 per cent. Growth started to decline at the end of the year. China combines data for the first two months of the year because of factory closures during public holidays, including New Year’s Day and the week-long Lunar New Year holiday.
“It is too early to determine whether this is a pattern or a rare instance, because the imports this year are not low,” said Li Yin, an assistant professor at Fudan University who studies China’s technology policies and innovation. The early date of this year’s Lunar New Year, which fell on February 1, may have contributed to the decline, he added.
“Judging from the cost of these ICs, the average price has risen,” Li said. “But we may need to review the make-up to decide whether the change is caused by rising prices. It is also possible that low-cost chips are taking up a lower percentage this time.” China’s Customs does not provide a breakdown of IC categories, which includes dynamic random access memory (DRAM) chips and more advanced microprocessor units (MPUs).
