What will be the value, in dollars, of all Chinese imports of semiconductor chips in 2022?
Closed Jan 01, 2023 04:59AM UTC
Related questions. This question is part of a cluster that includes U.S. exports of semiconductor chips to China, U.S. exports of semiconductor manufacturing equipment to China, and Chinese imports of semiconductor manufacturing equipment. A version of this question was previously issued for 2021. You can view those forecasts here. That question has not yet resolved. The mean crowd forecast for that question -- made before 2020 data was available -- is $325 billion.
Context. The semiconductor manufacturing process has many components manufactured through complicated, highly globalized supply chains. China's ability to produce advanced semiconductor chips is particularly dependent on U.S., Japanese, and Dutch imports of advanced semiconductor manufacturing equipment (SME) -- the tools used by chip factories to make chips. Although China is building up its chip manufacturing capacity using imported SME, it is still reliant on imports for most of the semiconductor chips it consumes. China is especially reliant on the United States, Taiwan, and South Korea for imports of the most advanced semiconductor chips. Therefore, export controls on chips could reduce China's access to them. If China cannot import SME, it will remain dependent on imports for chips. This question focuses on semiconductor chips.
Data and resolution details. This question resolves based on United Nations Comtrade data. We classified imports as semiconductor chips if they have Harmonized System (HS) code 8542.
The data underlying the graph is here.
This question is a metric for the following scenario:
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|Possible Answer||Final Crowd Forecast|
|Less than $320 billion||1%|
|More than $320 billion but less than or equal to $350 billion||3%|
|Between $350 billion and $380 billion, inclusive||20%|
|Between $380 billion and $410 billion, inclusive||40%|
|More than $410 billion||36%|