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In the first half of 2018, electronic products import accounted for 13.4% of total US imports and export accounted for 9% of total exports. Although US policy increasingly focuses on reducing the country’s trade deficit, the electronics industry remains the industry with the biggest gap. So far in 2018, the total products import volume has reached $18.7 billion. Electronics exports reached $9.1 billion, and the trade deficit in the electronics industry was close to $10 billion in 2018.
Among the top 25 electronic products imports, video game machine (HS 95045000) ranking the 14th grew the fastest, increasing by 55% in the second quarter of 2018 compared with the same period of 2017, and increased by 62% year-on-year in the first half. Imported products of this category from China dominated, growing by nearly 57% in 2Q18 compared to the second quarter of 2017 while imports from Mexico fell by 1%.
Diode (HS 85414060) imports in the second quarter fell by 26% from the second quarter of 2017, the largest drop among all top electronics categories. In the first half of 2018, diode imports fell by only 5% year-on-year. Since the second quarter of 2012, imports of HS 854140 from Malaysia, South Korea and Vietnam decreased by 41%, 47% and 43% respectively compared with the second quarter of 2017; imports from China increased by 2% and from Japanese increased by 11%.
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