Electric Batteries8507 (Harmonized System 1992 for 4-digit)
2020 World Trade: $67.5B, Rnk 38 / 1217
2020 Top Exporter | Top Importer: $20.5B | $9.35B, China | United States
2020 Product Complexity: 0.89, Rnk 211 / 1028
2019 - 2020 Export Growth (CAGR): 14.5%, Rnk 78 / 1217
2018 Mean Tariff: 8.71%, Rnk 490 / 1259
2020 Share of World Trade: 0.4%, Rnk 38 / 1217
Overview This page contains the latest trade data of Electric Batteries. In 2020, Electric Batteries were the world's 38th most traded product, with a total trade of $67.5B. Between 2019 and 2020 the exports of Electric Batteries grew by 14.5%, from $58.9B to $67.5B. Trade in Electric Batteries represent 0.4% of total world trade.
Electric Batteries are a part of Electrical machinery and electronics. They include Electric accumulators, nes, Lead-acid electric accumulators (vehicle), Lead-acid electric accumulators except for vehicles, Parts of electric accumulators, including separators, Nickel-cadmium electric accumulators, and Nickel-iron electric accumulators.
Exports In 2020 the top exporters of Electric Batteries were China ($20.5B), South Korea ($7.59B), Germany ($5.61B), Poland ($5.29B), and Japan ($4.45B).
Imports In 2020 the top importers of Electric Batteries were United States ($9.35B), Germany ($7.79B), China ($3.91B), Hong Kong ($3.06B), and France ($2.75B).
Tariffs In 2018 the average tariff for Electric Batteries was 8.71%, making it the 490th lowest tariff using the HS4 product classification.
Ranking Electric Batteries ranks 211th in the Product Complexity Index (PCI).
Description Electric accumulators are used to store electricity for use in electrical devices. They can be made from a variety of materials, including lead acid, nickel cadmium, and lithium ion.
The following visualization shows the latest trends on Electric Batteries. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $20.5B
Top Destination (2020): United States, $9.35B
Electric Batteries are the world's 38th most traded product.
In 2020, the top exporters of Electric Batteries were China ($20.5B), South Korea ($7.59B), Germany ($5.61B), Poland ($5.29B), and Japan ($4.45B).
In 2020, the top importers of Electric Batteries were United States ($9.35B), Germany ($7.79B), China ($3.91B), Hong Kong ($3.06B), and France ($2.75B).
Trade by country
Between 2019 and 2020, the exports of Electric Batteries grew the fastest in China ($3.1B), Poland ($2.46B), Germany ($1.41B), Hungary ($1.12B), and South Korea ($467M).
Between 2019 and 2020, the fastest growing importers of Electric Batteries were Germany ($2.66B), United States ($1.54B), China ($825M), Spain ($746M), and Slovakia ($712M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Electric Batteries.
In 2020, market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Electric Batteries are explained by 15 countries.
TOP NET EXPORTER (2020): China, $16.6B
TOP NET IMPORTER (2020): United States, $5.95B
This map shows which countries export or import more of Electric Batteries. Each country is colored based on the difference in exports and imports of Electric Batteries during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Electric Batteries were China ($16.6B), South Korea ($5.57B), Poland ($3.08B), Japan ($2.71B), and Hungary ($1.35B).
In 2020, the countries that had a largest trade value in imports than in exports of Electric Batteries were United States ($5.95B), Hong Kong ($2.19B), Germany ($2.18B), France ($1.68B), and United Kingdom ($1.3B).
In 2020, the world most traded Electric Batteries, disaggragated by their HS6 level were Electric accumulators, nes ($44.6B), Lead-acid electric accumulators (vehicle) ($10.4B), Lead-acid electric accumulators except for vehicles ($7.28B), Parts of electric accumulators, including separators ($4.37B), and Nickel-cadmium electric accumulators ($773M)
This visualization shows the countries that have an important ratio of their trade related to Electric Batteries. It is possible to select the main countries that export or import Electric Batteries in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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