China’s semiconductor imports continue to contract amid economic headwinds, rising tensions between Beijing and Washington
- Chip imports reached 369.5 billion units from January to August, down 12.8 per cent from 423.9 billion shipped in the same period last year
- The value of semiconductor imports rose 2.6 per cent to US$277 billion, up from US$270 billion a year ago, as the country bought more expensive chips
The country imported 369.5 billion IC units from January to August, down 12.8 per cent from the 423.9 billion units shipped in the same period last year, the latest data from the General Administration of Customs shows. That marked a sharp retreat from the 27.2 per cent increase recorded in the same period in 2021.
The value of China’s chip imports from January to August this year rose 2.6 per cent to US$277 billion, up from US$270 billion in the same period last year, signifying that the country is buying more expensive IC products.
The volume of China’s chip exports from January to August, meanwhile, dropped 9.9 per cent year on year to 186.3 billion. The value of these exports increased 8.7 per cent in the same period.
These trade data could soon reflect the increased pressure faced by China’s semiconductor industry amid escalating tensions between Beijing and Washington, which imposed more restrictions on Chinese access to advanced chip technologies.