In 2020, The Most Traded Global Good Was Not Crude Oil But Semiconductors | ZeroHedge
As DB's Jim Reid writes in his latest Chart of the Day note, it may come as a surprise to many that it was semiconductors, and not crude oil of computers, that were the most traded good in 2020. Semiconductor chips are used in most electronic devices, from consumer electronics like dish washers to more advanced frontier technologies like AI and supercomputers. Since 2015, semiconductors have taken the top rank for the most traded good, representing 15% of total global goods trade (link here for pro subs). Earlier this week Jim Reid's team published a note on the chip conflict between the US and China (link here for pro subs), following a recent US ban on American companies from exporting the technology, software, and supercomputers to specific advanced semiconductor companies in China. The new rules prevent any US citizen, factory or green card holder from assisting Chinese advanced chip-making without a license, as well as expanding US control over non-US companies that use American t
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### Response: As DB's Jim Reid writes in his latest Chart of the Day note, it may come as a surprise to many that it was semiconductors, and not crude oil of computers, that were the most traded good in 2020. Semiconductor chips are used in most electronic devices, from consumer electronics like dish washers to more advanced frontier technologies like AI and supercomputers. Since 2015, semiconductors have taken the top rank for the most traded good, representing 15% of total global goods trade (link here for pro subs). Earlier this week Jim Reid's team published a note on the chip conflict between the US and China (link here for pro subs), following a recent US ban on American companies from exporting the technology, software, and supercomputers to specific advanced semiconductor companies in China. The new rules prevent any US citizen, factory or green card holder from assisting Chinese advanced chip-making without a license, as well as expanding US control over non-US companies that use American t