The import of parts of electronic integrated circuits to Singapore has experienced notable fluctuations from 2013 to 2023. In 2023, the value stood at $1.8915 Billion. The import value showed a downward trend with an average annual decrease, as measured by a CAGR of -2.68% over the last five years. The sharpest decline occurred between 2016 and 2017, with a year-on-year decrease of 25.6%. Despite occasional increments, such as in 2014 and 2021, the general trajectory has been a decline.
Projected data from 2024 onwards predicts a consistent decrease, culminating in an import value of $1.5971 Billion by 2028. This forecast implies a 12.71% decrease over the next five years. Important future trends include technological advancements, regional trade policies, and the global semiconductor supply chain's resilience which could influence these imports significantly.
