HS Icon Insulated Wire in  Flag Germany

2020
Exports | Imports
: $7.87B | $11B, World Rnk 4 / 224
Flag Rnk 28 / 1217 | World Rnk 2 / 225
Flag Rnk 12 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $31.9M | $198M, China |  Hungary


ECONOMIC COMPLEXITY of Germany
: 1.88, Rnk 4 / 127


PRODUCT COMPLEXITY  IN Insulated Wire
: -0.54, Rnk 712 / 1028

Exports In 2020, Germany exported $7.87B in Insulated Wire, making it the 4th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 28th most exported product in Germany. The main destination of Insulated Wire exports from Germany are: Czechia ($609M), China ($595M), Netherlands ($531M), United States ($495M), and Poland ($450M).

The fastest growing export markets for Insulated Wire of Germany between 2019 and 2020 were China ($31.9M), United States ($21.2M), and Netherlands ($20.3M).

Imports In 2020, Germany imported $11B in Insulated Wire, becoming the 2nd largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 12th most imported product in Germany. Germany imports Insulated Wire primarily from: Czechia ($1.46B), Romania ($1.25B), Poland ($922M), China ($765M), and Hungary ($718M).

The fastest growing import markets in Insulated Wire for Germany between 2019 and 2020 were Hungary ($198M), Poland ($139M), and Morocco ($50.3M).

Tariffs In 2019, the average tariff for Germany in Insulated Wire was 1.17%. The countries with the highest import tariffs for Insulated Wire were Republic of the Congo (Most Favoured Nation duty rate treatement, 3.19%), Western Sahara (Most Favoured Nation duty rate treatement, 3.19%), Gabon (Most Favoured Nation duty rate treatement, 3.19%), Libya (Most Favoured Nation duty rate treatement, 3.19%), and Mayotte (Most Favoured Nation duty rate treatement, 3.19%).

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Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Insulated Wire. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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EXPORTS (2020): $7.87B

IMPORTS (2020): $11B

NET TRADE (2020): -$3.15B

In 2020, Germany exported $7.87B in Insulated Wire. The main destinations of Germany exports on Insulated Wire were Czechia ($609M), China ($595M), Netherlands ($531M), United States ($495M), and Poland ($450M).

In 2020, Germany imported $11B in Insulated Wire, mainly from Czechia ($1.46B), Romania ($1.25B), Poland ($922M), China ($765M), and Hungary ($718M).

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IN 2020, Germany HAD A POSITIVE NET TRADE IN Insulated Wire WITH:

IN 2020, Germany HAD A NEGATIVE NET TRADE IN Insulated Wire WITH:

Flow

THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Germany WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Germany WERE (2019 - 2020):

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Market Concentration

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In 2019, Germany's main exporting competitors in Insulated Wire were:

In 2019, Germany's main importing competitors in Insulated Wire were:

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Tariffs by Country

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In 2019, the average tariff for Germany in Insulated Wire was 1.17%.

The countries with the highest tariffs for Insulated Wire in Germany were Republic of the Congo (Most Favoured Nation duty rate treatement, 3.19%), Western Sahara (Most Favoured Nation duty rate treatement, 3.19%), Gabon (Most Favoured Nation duty rate treatement, 3.19%), Libya (Most Favoured Nation duty rate treatement, 3.19%), and Mayotte (Most Favoured Nation duty rate treatement, 3.19%).