Ranked: The World’s Top 10 Electronics Exporters (2000-2021)
Top 10 Electronics Exporters in the World (2000-2021)
From personal computers to memory chips, the electronics trade plays a vital role in the world economy. In 2021, global electronics exports reached $4.1 trillion according to McKinsey Global Institute.
This graphic shows the 10 largest electronics exporters in the world, based on data from McKinsey, and how they’ve changed since 2000.
Ranked: The Top 10 Exporters of Electronics
Which countries are the leading exporters of electronics, and how has this shifted over the last two decades?
| Rank | Country | Share of Total 2021 | Share of Total 2000 |
|---|---|---|---|
| 1 | 🇨🇳 China | 34% | 9% |
| 2 | 🇹🇼 Taiwan | 11% | 6% |
| 3 | 🇰🇷 South Korea | 7% | 5% |
| 4 | 🇻🇳 Vietnam | 5% | N/A |
| 5 | 🇲🇾 Malaysia | 5% | 5% |
| 6 | 🇯🇵 Japan | 4% | 13% |
| 7 | 🇺🇸 United States | 4% | 16% |
| 8 | 🇩🇪 Germany | 4% | 5% |
| 9 | 🇲🇽 Mexico | 3% | 3% |
| 10 | 🇹🇭 Thailand | 3% | N/A |
| Other | 20% | 30% |
We can see in the above table how global electronics trades has become more concentrated in Asia, specifically China and Taiwan. As an electronics powerhouse, 34% of the world’s electronic goods in 2021 came from China, representing $1.4 trillion in value
Home to leading firms like TSMC, Taiwan also plays a major role due to its prowess in semiconductor manufacturing – highlighting the island’s global importance.
But not all of Asia has been thriving. In 2000, Japan was a global electronics powerhouse responsible for 13% of the industry’s exports, but has seen its share shrink to 4% in 2021. The U.S. has also sheen its electronics lead shrink, with exports down from 16% of the global total in 2000 to just 4% in 2021.
Several factors have driven this shift. Instead of manufacturing electronics domestically, the U.S. has outsourced technology to countries where manufacturing, production, and labor costs are lower. However, recently, the U.S. is focusing on reshoring semiconductor production specifically given its role in national security, as seen through the $52.7 billion CHIPS Act.
Source: Visual Capitalist
