HS Code:
The 32-bit category, often associated with microprocessors and microcontrollers under HS Code 8542.31 (Electronic integrated circuits: Processors and controllers), represents a significant segment of the global electronics market. These components are crucial for a wide range of applications, including computing devices, automotive systems, industrial machinery, and consumer electronics. The 32-bit architecture offers a balance between performance and power efficiency, making it a preferred choice for embedded systems and IoT devices.
Total Trade Volume
USD 45.3 billion
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO)
Average Rate
4.2%
Highest Rate
15% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Growing demand for IoT devices
Increased production of 32-bit microcontrollers for smart home and industrial automation applications, driving trade volume growth by approximately 10% annually.
2021-2022
Shift towards energy-efficient processors
Manufacturers are prioritizing low-power 32-bit architectures, influencing supply chains to focus on sustainable components and impacting trade patterns in favor of countries with green tech incentives.
2020-2022
Supply chain diversification post-COVID-19
Countries are reducing dependency on single-source suppliers, leading to a broader distribution of trade flows and increased exports from secondary markets like Vietnam and Malaysia.
2021-2023
Ongoing trade disputes have led to additional tariffs on 32-bit processors exported from China to the US, prompting companies to explore alternative manufacturing hubs in Southeast Asia.
March 2023
Potential increase in costs for US consumers and a shift in trade volume towards countries like Taiwan and Vietnam.
The European Union introduced stricter regulations under the Green Deal, mandating energy efficiency standards for electronic components, including 32-bit processors.
January 2023
Manufacturers exporting to the EU must adapt to compliance requirements, potentially increasing production costs but also opening markets for eco-friendly products.
South Korea announced a USD 450 billion investment plan to boost semiconductor production, including 32-bit microcontrollers, aiming to capture a larger share of the global market.
May 2022
Expected to increase South Korea’s export volume by 15% over the next five years, intensifying competition with China and Taiwan.