853650 (Harmonized System 1992 for 6-digit)

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Overview This page contains the latest trade data of Electrical switches for < 1,000 volts, nes. In 2022, Electrical switches for < 1,000 volts, nes were the world's 150th most traded product, with a total trade of $22.1B. Between 2021 and 2022 the exports of Electrical switches for < 1,000 volts, nes decreased by -0.56%, from $22.3B to $22.1B. Trade in Electrical switches for < 1,000 volts, nes represent 0.093% of total world trade.

Electrical switches for < 1,000 volts, nes are a part of Low-voltage Protection Equipment.

Exports In 2022 the top exporters of Electrical switches for < 1,000 volts, nes  were China ($4.44B), Germany ($3.62B), United States ($1.89B), Japan ($1.52B), and Mexico ($1.27B).

Imports In 2022 the top importers of Electrical switches for < 1,000 volts, nes were United States ($3.19B), Germany ($2.2B), China ($1.91B), Mexico ($1.13B), and Hong Kong ($777M).

Ranking Electrical switches for < 1,000 volts, nes ranks 2109th in the Product Complexity Index (PCI).

Description Electrical switches use a mechanism or an electric current to activate a circuit to interrupt an electric current. There are four common uses for switches for less than 1,000 volts. The first is a circuit breaker that switches off a circuit when it reaches a certain level of electricity. The second is a manually operated switch, which can be in the form of a button or switch, that can shut a circuit off. The third is a remotely operated switch, which is typically controlled by a computer. The last is a switch that is used as a safety device to protect against electric shock.

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Electrical switches for < 1,000 volts, nes. 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$4.44B
Top Destination (2022)United States$3.19B

In 2022 Electrical switches for < 1,000 volts, nes were the world's 150th most traded product (out of 4,648).

In 2022, the top exporters of Electrical switches for < 1,000 volts, nes were China ($4.44B), Germany ($3.62B), United States ($1.89B), Japan ($1.52B), and Mexico ($1.27B).

In 2022, the top importers of Electrical switches for < 1,000 volts, nes were United States ($3.19B), Germany ($2.2B), China ($1.91B), Mexico ($1.13B), and Hong Kong ($777M).

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Exporters of Electrical switches for < 1,000 volts, nes (2022)
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Importers of Electrical switches for < 1,000 volts, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$195M
Top Destination Growth (2021 -  2022)Mexico$130M

Between 2021 and 2022, the exports of Electrical switches for < 1,000 volts, nes grew the fastest in United States ($195M), Mexico ($152M), Malaysia ($126M), Vietnam ($59.1M), and Costa Rica ($39.9M).

Between 2021 and 2022, the fastest growing importers of Electrical switches for < 1,000 volts, nes were Mexico ($130M), United States ($122M), United Kingdom ($42.2M), Singapore ($39.5M), and India ($34M).

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Exporters of Electrical switches for < 1,000 volts, nes (2021 - 2022)

Importers of Electrical switches for < 1,000 volts, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical switches for < 1,000 volts, nes.

In 2022, market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Electrical switches for < 1,000 volts, nes are explained by 21 countries.

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Value of Exports in Electrical switches for < 1,000 volts, nes

Net Trade

TOP NET EXPORTER (2022)China$2.53B
TOP NET IMPORTER (2022)United States$1.3B

This map shows which countries export or import more of Electrical switches for < 1,000 volts, nes. Each country is colored based on the difference in exports and imports of Electrical switches for < 1,000 volts, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Electrical switches for < 1,000 volts, nes were China ($2.53B), Germany ($1.42B), Japan ($813M), France ($194M), and Romania ($183M).

In 2022, the countries that had a largest trade value in imports than in exports of Electrical switches for < 1,000 volts, nes were United States ($1.3B), Hong Kong ($647M), Canada ($559M), United Kingdom ($325M), and Brazil ($263M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Electrical switches for < 1,000 volts, nes.
It is possible to select the main countries that export or import Electrical switches for < 1,000 volts, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electrical switches for < 1,000 volts, nes by percentage of total exports

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)

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