China’s chip imports have dropped by more than 13% this year through October due to the ongoing U.S.-China tech war and economic slowdown that has hurt the world’s largest semiconductor market.

In the first 10 months of the year, China imported 458 billion integrated circuits (IC). More than 13.2% less than the 527.9 billion it imported during the same time last year, according to Chinese customs data released on Monday, November 7. This number marks an accelerated drop from the first nine months when imports fell 12.8%.

Even though the number of chips imported went down, the prices rose, increasing imports by 1.3% to $351.2 billion.

The accelerated drop in volume is happening after the U.S. imposed new import controls on China in early October. The export controls include adding new licensing requirements for the personnel and tools that make logic and memory chips in foundries in China.

It also happens simultaneously as a global downturn in the semiconductor industry as it moves from dealing with a chip shortage to a chip surplus.

Chips have been China’s most important imports, dwarfing crude oil and bulk commodities from many years ago. However, chip imports started going down at the start of the year.

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