HS Code:
The 'Not over 128 megabits' category, often associated with specific types of memory modules or semiconductor devices under the Harmonized System (HS) Code, typically refers to integrated circuits or memory chips with a storage capacity not exceeding 128 megabits. These products are critical components in electronics such as smartphones, computers, and other digital devices. This category is a subset of the broader semiconductor and electronics market, which is characterized by rapid technological advancements and high global demand. Trade in this category is influenced by factors such as production capabilities, technological innovation, and international trade policies.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12.0% (imposed by certain developing countries)
Lowest Rate
0.0% (under free trade agreements such as USMCA and EU-Japan EPA)
Shift towards higher capacity chips
Demand for 'Not over 128 megabits' category is declining as industries adopt chips with capacities exceeding 128 megabits for advanced applications.
2021-2022
Increased production in Asia-Pacific
South Korea and Taiwan continue to dominate production, benefiting from economies of scale and government support, further consolidating market share.
2020-2022
Rising adoption in IoT devices
Low-capacity memory chips are finding niche applications in Internet of Things (IoT) devices, sustaining some demand in specific sectors.
2022
Ongoing trade disputes between the US and China have led to increased tariffs and export controls on semiconductor products, including memory chips in the 'Not over 128 megabits' category.
March 2023
Disruption in supply chains, increased costs for manufacturers, and potential shifts in market share towards other Asian producers.
South Korea unveiled a USD 450 billion investment plan to strengthen its semiconductor industry, including memory chip production, through 2030.
May 2021
Likely to reinforce South Korea's dominance in this category and increase export volumes in the near future.
The European Union introduced the EU Chips Act to reduce dependency on Asian semiconductor imports and boost local production capabilities.
February 2023
Potential increase in European market share over the long term, though currently negligible in this specific category.