HS Icon Electricity

2716 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Electricity. In 2020, Electricity were the world's 111th most traded product, with a total trade of $31.4B. Between 2019 and 2020 the exports of Electricity decreased by -14.2%, from $36.6B to $31.4B. Trade in Electricity represent 0.19% of total world trade.

Electricity are a part of Mineral fuels, mineral oils and products of their distillation. They include Electrical energy.

Exports In 2020 the top exporters of Electricity  were Germany ($3.87B), France ($2.52B), Laos ($1.93B), Canada ($1.91B), and Paraguay ($1.73B).

Imports In 2020 the top importers of Electricity were Italy ($2.23B), United States ($2.01B), Germany ($1.99B), Thailand ($1.76B), and Brazil ($1.5B).

Tariffs In 2018 the average tariff for Electricity was 2.05%, making it the 1238th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electricity are Bermuda (25%), Cayman Islands (22%), Comoros (18.9%), and Madagascar (17.2%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mozambique (0%), and Rwanda (0%).

Ranking Electricity ranks 762nd in the Product Complexity Index (PCI).

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Electricity. 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 (2020): Germany, $3.87B

Top Destination (2020): Italy, $2.23B

Electricity are the world's 111th most traded product.

In 2020, the top exporters of Electricity were Germany ($3.87B), France ($2.52B), Laos ($1.93B), Canada ($1.91B), and Paraguay ($1.73B).

In 2020, the top importers of Electricity were Italy ($2.23B), United States ($2.01B), Germany ($1.99B), Thailand ($1.76B), and Brazil ($1.5B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Laos, $595M

Top Destination Growth (2019 - 2020): Thailand, $507M

Between 2019 and 2020, the exports of Electricity grew the fastest in Laos ($595M), Paraguay ($162M), Uzbekistan ($69.5M), Turkmenistan ($66.3M), and Argentina ($61.7M).

Between 2019 and 2020, the fastest growing importers of Electricity were Thailand ($507M), Brazil ($261M), Cambodia ($160M), France ($134M), and Afghanistan ($89.4M).

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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 Electricity.

In 2020,  market concentration measured using Shannon Entropy, was 5.11. This means that most of the exports of Electricity are explained by 34 countries.

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TOP NET EXPORTER (2020): Germany, $1.88B

TOP NET IMPORTER (2020): Italy, $1.85B

This map shows which countries export or import more of Electricity. Each country is colored based on the difference in exports and imports of Electricity during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Electricity were Germany ($1.88B), Laos ($1.82B), Paraguay ($1.73B), Canada ($1.72B), and France ($1.55B).

In 2020, the countries that had a largest trade value in imports than in exports of Electricity were Italy ($1.85B), United States ($1.72B), Thailand ($1.55B), Brazil ($1.5B), and Poland ($745M).

Disaggregation

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Value

In 2020, the world most traded Electricity, disaggragated by their HS6 level were Electrical energy ($31.4B)

Country Comparison

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Flow
Measure
Ranking

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

Import Tariffs

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In 2018, the average tariff for importing Electricity was 2.05%. The countries with the highest tariffs for importing Electricity were Bermuda (25%), Cayman Islands (22%), Comoros (18.9%), and Madagascar (17.2%).

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 Electricity to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.