The global IT hardware export landscape has shown notable variations. In 2023, the Philippines and Vietnam led with strong export values of 49.29% and 44.07%, respectively, continuing their positive growth trend with increases of 5.17% and 5.48%. China's exports surged by 41.88% year-on-year, a significant rise. Smaller markets also experienced notable gains, such as Saint Vincent and Grenadines (50.9%), Sao Tome and Principe (41.4%), and Kyrgyzstan (42.27%). Conversely, countries like Malaysia, Singapore, and Slovakia saw slight declines in their export values.
Monitoring future trends is crucial. Key areas to watch include:
- Sustained growth in Asian markets like the Philippines, Vietnam, and China.
- Potential gains in emerging markets such as Kyrgyzstan and Zambia.
- Impact of geopolitical and economic shifts on IT hardware exports in Europe and the Americas.
- Technological advancements and supply chain transformations impacting overall export values.
Top countries in IT Hardware Exports by Country
| # | 10 Countries | Percent of Goods Exports | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Philippines | 49.29 | 2023 | +0.83% | +5.17% | View data |
| 2 | 2 Vietnam | 44.07 | 2023 | +4.04% | +5.48% | View data |
| 3 | 3 Malaysia | 31.82 | 2023 | -0.52% | -0.72% | View data |
| 4 | 4 South Korea | 29.07 | 2023 | -0.16% | +0.87% | View data |
| 5 | 5 Singapore | 28.72 | 2023 | -0.14% | -0.58% | View data |
| 6 | 6 Andorra | 28.19 | 2023 | +1.88% | +1.34% | View data |
| 7 | 7 China | 25.27 | 2023 | +9.36% | +41.88% | View data |
| 8 | 8 Panama | 19.36 | 2023 | +4.32% | +11.41% | View data |
| 9 | 9 Czechia | 15.95 | 2023 | |||
| 10 | 10 Thailand | 15.4 | 2023 | -1.05% | -0.25% | View data |
