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Boards, panels, consoles, desks, cabinets, bases with apparatus of heading no. 8535, 8536 for electricity control and distribution, (other than switching apparatus of heading no. 8517)

8537 (Harmonized System 1992 for 4-digit)

2023
World Trade $90.5BRnk 36 / 1217
2023
Top Exporter | Top Importer $14.5B | $18.9BChina | United States
2023
Product Complexity 0.67Rnk 298 / 1044
2022 - 2023
Export Growth (CAGR) 15.4%Rnk 93 / 1217
2023
Share of World Trade 0.4%Rnk 36 / 1217

About

Overview This page contains the latest trade data of Electrical Control Boards. In 2023, Electrical Control Boards were the world's 36th most traded product, with a total trade of $90.5B. Between 2022 and 2023 the exports of Electrical Control Boards grew by 15.4%, from $78.5B to $90.5B. Trade in Electrical Control Boards represent 0.4% of total world trade.

Electrical Control Boards are a part of Electrical machinery and electronics. They include Electrical control and distribution boards, < 1kV and Electrical control and distribution boards, > 1kV.

Exports In 2023 the top exporters of Electrical Control Boards  were China ($14.5B), Germany ($13.7B), Mexico ($9.41B), United States ($7.43B), and Japan ($3.42B).

Imports In 2023 the top importers of Electrical Control Boards were United States ($18.9B), Germany ($10.8B), China ($6.58B), United Kingdom ($2.95B), and France ($2.7B).

Ranking Electrical Control Boards ranks 298th in the Product Complexity Index (PCI).

Description These are used in the production of other goods. They can be made from a variety of materials, including wood, plastic, and metal.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Electrical Control Boards. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$14.5B
Top Destination (2023)United States$18.9B

In 2023 Electrical Control Boards were the world's 36th most traded product (out of 1,217).

In 2023, the top exporters of Electrical Control Boards were China ($14.5B), Germany ($13.7B), Mexico ($9.41B), United States ($7.43B), and Japan ($3.42B).

In 2023, the top importers of Electrical Control Boards were United States ($18.9B), Germany ($10.8B), China ($6.58B), United Kingdom ($2.95B), and France ($2.7B).

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Exporters of Electrical Control Boards (2023)
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Importers of Electrical Control Boards (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$3.75B
Top Destination Growth (2022 -  2023)United States$2.39B

Between 2022 and 2023, the exports of Electrical Control Boards grew the fastest in Germany ($3.75B), Mexico ($1.68B), United States ($1.05B), Hungary ($559M), and Czechia ($509M).

Between 2022 and 2023, the fastest growing importers of Electrical Control Boards were United States ($2.39B), Germany ($1.88B), China ($1.62B), France ($642M), and Netherlands ($584M).

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Exporters of Electrical Control Boards (2022 - 2023)

Importers of Electrical Control Boards (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical Control Boards.

In 2023, market concentration measured using Shannon Entropy, was 4.59. This means that most of the exports of Electrical Control Boards are explained by 24 countries.

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Value of Exports in Electrical Control Boards

Net Trade

TOP NET EXPORTER (2023)China$7.87B
TOP NET IMPORTER (2023)United States$11.4B

This map shows which countries export or import more of Electrical Control Boards. Each country is colored based on the difference in exports and imports of Electrical Control Boards during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electrical Control Boards were China ($7.87B), Mexico ($7.29B), Germany ($2.95B), Romania ($2.21B), and Hungary ($2.14B).

In 2023, the countries that had a largest trade value in imports than in exports of Electrical Control Boards were United States ($11.4B), United Kingdom ($1.32B), Hong Kong ($1.03B), Netherlands ($888M), and Turkey ($883M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Electrical Control Boards, disaggragated by their HS6 level were Electrical control and distribution boards, <... ($83B) and Electrical control and distribution boards, >... ($7.51B)

HS6 Disaggregation for Electrical Control Boards (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Electrical Control Boards.
It is possible to select the main countries that export or import Electrical Control Boards in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electrical Control Boards by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $176M
TOP IMPORT POTENTIALChina+ $113M

Electrical Control Boards’s highest export potential is China. With an export gap of $176M.  Electrical Control Boards’s highest import potential is China with an import gap of $113M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Electrical Control Boards.

Country by Relatedness

The following visualization shows the relatedness of Electrical Control Boards to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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