Smart Card Market - China's Exports of Smart Cards Boosted by 32% to $1.3M in 2014

Electronic Components And Boards July 23, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

smart card market

With a huge surge in exports on the smart card market in 2014, China continued its dominance in the global cards incorporating an electronic integrated circuit trade. In 2014, China exported 6.1 thousand tonnes of cards incorporating an electronic integrated circuit totaling 1.3 billion USD, 32% over the previous year. Its primary trading partner was the U.S., where it supplied 8.6% of its total cards incorporating an electronic integrated circuit exports in value terms, accounting for 21.2% of U.S.'s total imports.

From 2007 to 2014, China was a net exporter of cards incorporating an electronic integrated circuit. In this period, exports consistently exceeded imports in value terms.

France and Germany were among the other main global suppliers of cards incorporating an electronic integrated circuit in 2014. However, the fastest growing exporter from 2007 to 2014 was China (+9.2% per year). By nature of this sustained growth, China was able to significantly strengthen its leading position in the global export structure.

In 2014, China's top 5 trading partners were the U.S., India, Germany, the Republic of Korea and Japan, with a combined 26.4% share of China's exports. The share of India increased modestly (+3.3 percentage points), while the share of Germany fell sharply (-16.3 percentage points).

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Source: World: Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Report. Analysis and Forecast to 2020