By Li Panpan

(JW Insights) Apr 17 -- China's integrated circuits (IC) imports registered a decrease of 22.9% to 108.19 billion units in the first quarter of 2023, while the exports dropped by 13.5% to 60.91 billion, showed the data released by the General Administration of Customs of China (GACC) on April 13.

China’s IC imports value reached RMB538.24 billion ($78.27 billion) in the first quarter, down by 21.0% year on year. The value of IC exports registered RMB217.27 billion ($31.60 billion) in the period, down by 11.3%, according to GACC's data.

Analysts noted that China's chip imports continue to decrease because of the global economic slowdown and export controls by the US. Meanwhile, chip prices have fallen further this year amid oversupply and sluggish demand.

It is worth seeing that the IC import and export in March have rebounded compared with the previous two months.