HS Icon Electrical Power Accessories

Electrical apparatus; parts suitable for use solely or principally with the apparatus of heading no. 8535, 8536 and 8537

8538 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Electrical Power Accessories. In 2021, Electrical Power Accessories were the world's 113th most traded product, with a total trade of $39.9B. Between 2020 and 2021 the exports of Electrical Power Accessories grew by 21.5%, from $32.8B to $39.9B. Trade in Electrical Power Accessories represent 0.0019% of total world trade.

Electrical Power Accessories are a part of Electrical machinery and electronics. They include Parts, electric switches, protectors & connectors nes and Elictrical boards, panels, etc, not equipped.

Exports In 2021 the top exporters of Electrical Power Accessories  were Germany ($6.3B), China ($5.66B), United States ($4.39B), Japan ($3.08B), and Mexico ($1.65B).

Imports In 2021 the top importers of Electrical Power Accessories were United States ($4.37B), China ($3.87B), Mexico ($3.61B), Germany ($3.18B), and France ($1.37B).

Tariffs In 2018 the average tariff for Electrical Power Accessories was 8.64%, making it the 495th lowest tariff using the HS4 product classification.

Ranking Electrical Power Accessories ranks 187th in the Product Complexity Index (PCI).

Description Parts suitable for use solely or principally with the apparatus of heading 8535, 8536 or 8537 are used in the production of other goods. They can be made from a variety of materials, including metal and plastic.

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Y-AXIS SCALE

The following visualization shows the latest trends on Electrical Power Accessories. 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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Germany, $6.3B

Top Destination (2021): United States, $4.37B

Electrical Power Accessories are the world's 113th most traded product.

In 2021, the top exporters of Electrical Power Accessories were Germany ($6.3B), China ($5.66B), United States ($4.39B), Japan ($3.08B), and Mexico ($1.65B).

In 2021, the top importers of Electrical Power Accessories were United States ($4.37B), China ($3.87B), Mexico ($3.61B), Germany ($3.18B), and France ($1.37B).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): China, $1.46B

Top Destination Growth (2020 -  2021): Mexico, $840M

Between 2020 and 2021, the exports of Electrical Power Accessories grew the fastest in China ($1.46B), Germany ($960M), United States ($687M), Japan ($563M), and Hungary ($267M).

Between 2020 and 2021, the fastest growing importers of Electrical Power Accessories were Mexico ($840M), United States ($798M), Germany ($792M), China ($556M), and Hong Kong ($331M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Electrical Power Accessories.

In 2021, market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Electrical Power Accessories are explained by 22 countries.

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TOP NET EXPORTER (2021): Germany, $3.12B

TOP NET IMPORTER (2021): Mexico, $1.96B

This map shows which countries export or import more of Electrical Power Accessories. Each country is colored based on the difference in exports and imports of Electrical Power Accessories during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Electrical Power Accessories were Germany ($3.12B), Japan ($2.28B), China ($1.79B), South Korea ($652M), and Austria ($372M).

In 2021, the countries that had a largest trade value in imports than in exports of Electrical Power Accessories were Mexico ($1.96B), Hong Kong ($1.04B), Vietnam ($488M), Philippines ($327M), and United Kingdom ($325M).

Disaggregation

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Value

In 2021, the world most traded Electrical Power Accessories, disaggragated by their HS6 level were Parts, electric switches, protectors & connectors... ($35.3B) and Elictrical boards, panels, etc, not equipped ($4.52B)

Country Comparison

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Flow
Measure
Ranking

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

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Electrical Power Accessories to countries. Higher relatedness values ‚Äč‚Äčindicate greater knowledge, which predicts a greater probability of exporting that product in the future.