Chips are, after oil and vehicles, the most traded product in the world.

Omissions

• Crude oil and refined oil are treated as distinct product categories in international trade statistics (separate HS codes); the MEP groups them together as 'oil,' which simplifies the ranking by one position.
• The ranking reflects trade by value; if measured by volume, the order may differ.
• During the 2020 pandemic, semiconductors briefly became the single most traded product globally according to Deutsche Bank Research, but this was an exceptional year and the traditional ranking reasserted itself thereafter.

Sources

• SecondaryLe MondeSemiconductors are described as the 'most traded product in the world by value, after crude oil, refined oil and the automotive industry' — placing them in fourth position globally.
• SecondaryISPI (Italian Institute for International Political Studies)Semiconductors are the world's fourth-most-traded product after crude oil, refined oil, and cars.
• SecondarySemiconductor Industry Association / BCGSemiconductors are the world's fourth-most-traded product after only crude oil, refined oil, and cars.