China, Hong Kong, Taiwan, and the U.S. are at the front of the pack in producing electronics globally. Maintaining its reputation for producing inexpensive consumer goods in large quantities, China contributes heavily to the electronics sector, as this is one of the country's most prominent export categories. China was the leading electronics exporter in 2023 (latest information), commanding more than 25% of all electronics exports, according to data from the International Trade Centre.

The U.S. managed to come in fourth, behind Hong Kong and Taiwan. The U.S. accounted for 5.9% of world electronics exports in 2023, while Hong Kong and Taiwan accounted for 9.7% and 6.5%, respectively.

China

Exports from China accounted for 11.28% of trade globally in 2023. Swift industrialization has made it possible for the country to leap to the top with carbon-intensive metal products jumping as a percentage of its total exports within just 10 years. Though these numbers are impressive, electronics are still the most prominent exports among China's output.

The massive manufacturing business has caused a dangerous increase in the release of greenhouse gases and fossil fuels in the country, an issue that may be solved by producing more eco-friendly technologies. China has been trying to remedy the situation by implementing more energy-efficient manufacturing methods.

Hong Kong

The 澳洲幸运5开奖号码历史查询:electronics industry in Hong Kong accounted for 70.4% of its total exports in 2023, making electronics the largest merchandise export earner in the territory. The majority were high-tech products, such as computers, semiconductors, and telecommunications equipment. While they were not the largest exporter of electronics in the world, they did earn that in certain subcategories.

In 2023, Hong Kong was the world’s largest exporter of electronic integrated circuits, they were the second-largest when it came to computer parts/accessories, and the third-largest when it came to mobile phones in value terms. In an effort to reduce costs, many of the manufacturers in Hong Kong have moved their production facilities to mainland China in recent years.

Taiwan

Taiwan exported over $218 billion worth of electronics in 2023, including electrical machinery, equipment, and parts. Electrical machinery and electronics were the most exported products from Taiwan in 2022, with China, Hong Kong, Singapore, and the U.S. serving as the primary destinations for those exports.

The United States

The manufacturing industry has historically played an important role in the U.S. economy. The productivity of the different sectors in the American economy varies from state to state, however, Oregon remains one of the major producers of electronic goods. Electronics manufacturing is one of the state’s leading economic outputs. In 2023, $5.49 billion in electronic integrated circuits were exported out of Oregon.

Top Manufacturers in the Global Elec🐎tronics Sector

According to the Fortune Global 500 list of the planet’s 500 largest companies released in 2024, these are the top 10 electronics manufactಞurers that generated the most revenue for that year.

This list is updated and released each year, and it is a great way to keep up with the leading manufacturers in the global electronics sector.

• Samsung Electronics
• Sony
• Midea Group
• Hon Hai Precision Industry
• Schneider Electric
• Hitachi
• Panasonic Holdings
• Xiaomi
• Haier Smart Home
• Mitsubishi

The Bottom Line

China is the biggest player in the global electronics export market, with Hong Kong, Taiwan, and the U.S. contributing strongly. Hong Kong has a niche in high-tech products, Taiwan in electrical machinery, and the U.S. has a smaller role than the other countries/regions. Some of the important companies include Samsung, Sony, Hon Hai, Mitsubishi, and Xiaomi.