In 2023, South Korea and Singapore lead the global computer, electronic, and optical industry trade balance, with positive balances of $67.84 billion and $24.87 billion, respectively. Countries like Estonia and Iceland exhibit minimal trade deficits, while major economies like Canada face significant deficits of $32.32 billion. Year-on-year, South Korea and Singapore's trade balances decreased by 6.85% and 2.18%, respectively. Most countries showed no variation in previous years, indicating stable trade balances over the last year.
Future trends to watch include:
- The potential for emerging markets to develop stronger trade balances as technology industries grow.
- Impact of geopolitical changes on major exporters like South Korea and Singapore.
- Shifts in production due to technological innovations and shifts towards greener technologies.
Top countries in Computer, Electronic and Optical Industry Trade Balance by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 67,840 | 2023 | -1.17% | -6.85% | View data |
| 2 | 2 Singapore | 24,870 | 2023 | +3.36% | -2.18% | View data |
| 3 | 3 Estonia | -70.04 | 2023 | -174.93% | View data | |
| 4 | 4 Iceland | -470.36 | 2023 | +4.02% | View data | |
| 5 | 5 Slovenia | -1,090 | 2023 | +2.41% | View data | |
| 6 | 6 Costa Rica | -1,180 | 2023 | +2.99% | View data | |
| 7 | 7 Denmark | -2,700 | 2023 | +2.82% | View data | |
| 8 | 8 Greece | -3,120 | 2023 | +2.55% | View data | |
| 9 | 9 New Zealand | -3,630 | 2023 | +1.82% | View data | |
| 10 | 10 Mexico | -5,980 | 2023 | +17.08% | View data |
