Disclosed herein is a non-reciprocal circuit element that includes a substrate having lower and upper surfaces, a magnetic metal layer provided on the lower surface of the substrate, a magnetic rotator provided on the upper surface of the substrate, and a permanent magnet for applying a magnetic field to the magnetic rotator. The magnetic metal layer includes a lower yoke provided at a position overlapping the magnetic rotator in a plan view and a plurality of terminal electrodes connected to the magnetic rotator.