[laydn]

Are you located in the USA?

What you say is somewhat surprising to me. I would imagine the total flow of components would be similar, but would be concentrated to certain destinations/buyers.

If cross-border trade of chips are actually in the decline, that suggests the components are being manufactured in lower quantities (highly unlikely), or they are staying close to and being consumed by (or, maybe hoarded and stocked at) where they are being manufactured.

[ryanmercer]

>Are you located in the USA?

Yes. I clear freight for IND, OAK, EWR, MEM and a few other ports.

> that suggests the components are being manufactured in lower quantities

Eh, to me it suggests people are taking delivery as soon as they can of whatever they can get and that factories are possibly giving more priority to companies in their own country over international customers.