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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)

2022
World Trade $79.7BRnk 45 / 1218
2022
Top Exporter | Top Importer $14.2B | $16.6BChina | United States
2022
Product Complexity 0.58Rnk 337 / 1033
2021 - 2022
Export Growth (CAGR) 6.53%Rnk 540 / 1218
2022
Share of World Trade 0.34%Rnk 45 / 1218

About

Overview This page contains the latest trade data of Electrical Control Boards. In 2022, Electrical Control Boards were the world's 45th most traded product, with a total trade of $79.7B. Between 2021 and 2022 the exports of Electrical Control Boards grew by 6.53%, from $74.8B to $79.7B. Trade in Electrical Control Boards represent 0.34% 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 2022 the top exporters of Electrical Control Boards  were China ($14.2B), Germany ($11.3B), Mexico ($7.12B), United States ($6.05B), and Japan ($3.59B).

Imports In 2022 the top importers of Electrical Control Boards were United States ($16.6B), Germany ($8.76B), China ($5.33B), France ($2.4B), and United Kingdom ($2.29B).

Ranking Electrical Control Boards ranks 337th 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 (2022)China$14.2B
Top Destination (2022)United States$16.6B

In 2022 Electrical Control Boards were the world's 45th most traded product (out of 1,218).

In 2022, the top exporters of Electrical Control Boards were China ($14.2B), Germany ($11.3B), Mexico ($7.12B), United States ($6.05B), and Japan ($3.59B).

In 2022, the top importers of Electrical Control Boards were United States ($16.6B), Germany ($8.76B), China ($5.33B), France ($2.4B), and United Kingdom ($2.29B).

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Exporters of Electrical Control Boards (2022)
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Importers of Electrical Control Boards (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$2.05B
Top Destination Growth (2021 -  2022)United States$2.7B

Between 2021 and 2022, the exports of Electrical Control Boards grew the fastest in China ($2.05B), Mexico ($1.62B), Poland ($853M), United States ($748M), and Chinese Taipei ($411M).

Between 2021 and 2022, the fastest growing importers of Electrical Control Boards were United States ($2.7B), Germany ($1.12B), Canada ($473M), France ($415M), and Netherlands ($318M).

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Exporters of Electrical Control Boards (2021 - 2022)

Importers of Electrical Control Boards (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.57. This means that most of the exports of Electrical Control Boards are explained by 23 countries.

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Value of Exports in Electrical Control Boards

Net Trade

TOP NET EXPORTER (2022)China$8.92B
TOP NET IMPORTER (2022)United States$10.5B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Electrical Control Boards were China ($8.92B), Mexico ($5.12B), Germany ($2.55B), Romania ($2.36B), and Japan ($1.88B).

In 2022, the countries that had a largest trade value in imports than in exports of Electrical Control Boards were United States ($10.5B), Hong Kong ($1.35B), Brazil ($701M), Netherlands ($682M), and Spain ($647M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Electrical Control Boards, disaggragated by their HS6 level were Electrical control and distribution boards, <... ($73.3B) and Electrical control and distribution boards, >... ($6.44B)

HS6 Disaggregation for Electrical Control Boards (2022)
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Country Comparison

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Measure
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 (2022)

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 (2022)

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