China’s August IC Imports Increase by 11% Annually
According to data from the General Administration of Customs of China, in August this year, China’s total imports of integrated circuits totaled US$31.1 billion , a significant increase of 11% over the same period last year.
The latest statistics released by the General Administration of Customs of China on the 7th showed that China’s total integrated circuit (IC) imports in August this year were 31.1 billion US dollars, an increase of 11% over the same period last year, second only to the level in September 2018.
In addition, China imported 44.2 billion integrated circuits in August this year, which is slightly lower than the 46.9 billion in July this year, but the overall import volume continues to be at a high level, which is also much higher than the same period last year.
Statistics show that the import volume of integrated circuits from Taiwan grew by 20% in August, reaching US$18.6 billion, a new monthly high.
The data also revealed that in the first eight months of this year, China’s total imports of integrated circuits reached 333.46 billion, an increase of 22.5% over the same period last year, and the total value was RMB 1.51 trillion (about NT$6.46 trillion), an increase of 15.3% over the same period last year. .
Based on comprehensive analysis data, China imported approximately 444.3 billion integrated circuits in 2019, accounting for about 14% of the total import value, but the proportion has increased to 17% from January to August 2020.
Regarding the substantial increase in China’s integrated circuit imports, the Nikkei Chinese website reported that under the pressure of the United States, from the changes in the procurement situation, China’s tension can be felt. In addition, as the United States will strengthen export controls and measures against China, China’s semiconductor imports may face a sharp decline after October.
China's August IC Imports - /10
China's August IC Imports Increase by 11% Annually