U.S. Electronic Computer Price Drops Markedly to 643 per Unit
U.S. Electronic Computer Import Price in April 2023
In April 2023, the electronic computer price amounted to $643 per unit (CIF, US), falling by -8.1% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 6.2% month-to-month. Over the period under review, average import prices hit record highs at $792 per unit in December 2022; however, from January 2023 to April 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Mexico ($2,338 per unit), while the price for China ($432 per unit) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.9%), while the prices for the other major suppliers experienced a decline.
U.S. Electronic Computer Imports
In April 2023, the amount of electronic computers imported into the United States fell slightly to 9.4M units, which is down by -1.9% on the previous month’s figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 when imports increased by 30% month-to-month. Imports peaked at 14M units in July 2022; however, from August 2022 to April 2023, imports stood at a somewhat lower figure.
In value terms, electronic computer imports declined to $6B (IndexBox estimates) in April 2023. In general, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in June 2022 when imports increased by 34% m-o-m. As a result, imports attained the peak of $9.5B. From July 2022 to April 2023, the growth of imports remained at a somewhat lower figure.
U.S. Electronic Computer Imports by Country
In April 2023, China (7.2M units) constituted the largest supplier of electronic computer to the United States, accounting for a 77% share of total imports. Moreover, electronic computer imports from China exceeded the figures recorded by the second-largest supplier, Mexico (793K units), ninefold. The third position in this ranking was taken by Vietnam (771K units), with an 8.2% share.
From April 2022 to April 2023, the average monthly rate of growth in terms of volume from China totaled -1.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-3.0% per month) and Vietnam (+4.0% per month).
In value terms, China ($3.1B), Mexico ($1.9B) and Vietnam ($392M) constituted the largest electronic computer suppliers to the United States, with a combined 89% share of total imports.
Vietnam, with a CAGR of +6.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.