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Ignition/other wiring sets for vehicles/aircraft/ship

854430 (Harmonized System 1992 for 6-digit)

2023
World Trade $52.6BRnk 57 / 4644
2023
Top Exporter | Top Importer $11.2B | $14.4BMexico | United States
2023
Product Complexity -0.99Rnk 3801 / 4656
2022 - 2023
Export Growth (CAGR) 10.9%Rnk 633 / 4644
2023
Share of World Trade 0.23%Rnk 57 / 4644

About

Overview This page contains the latest trade data of Ignition/other wiring sets for vehicles/aircraft/ship. In 2023, Ignition/other wiring sets for vehicles/aircraft/ship were the world's 57th most traded product, with a total trade of $52.6B. Between 2022 and 2023 the exports of Ignition/other wiring sets for vehicles/aircraft/ship grew by 10.9%, from $47.4B to $52.6B. Trade in Ignition/other wiring sets for vehicles/aircraft/ship represent 0.23% of total world trade.

Ignition/other wiring sets for vehicles/aircraft/ship are a part of Insulated Wire.

Exports In 2023 the top exporters of Ignition/other wiring sets for vehicles/aircraft/ship  were Mexico ($11.2B), Morocco ($4.47B), Vietnam ($3.4B), China ($3.12B), and Philippines ($3.03B).

Imports In 2023 the top importers of Ignition/other wiring sets for vehicles/aircraft/ship were United States ($14.4B), Germany ($6.05B), Japan ($5.7B), Spain ($2.75B), and Mexico ($2.21B).

Ranking Ignition/other wiring sets for vehicles/aircraft/ship ranks 3801st in the Product Complexity Index (PCI).

Description The common use for an ignition wiring set is to provide the power necessary to start the engine. Other wiring sets are used to control the speed of an engine.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Ignition/other wiring sets for vehicles/aircraft/ship. 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)Mexico$11.2B
Top Destination (2023)United States$14.4B

In 2023 Ignition/other wiring sets for vehicles/aircraft/ship were the world's 57th most traded product (out of 4,644).

In 2023, the top exporters of Ignition/other wiring sets for vehicles/aircraft/ship were Mexico ($11.2B), Morocco ($4.47B), Vietnam ($3.4B), China ($3.12B), and Philippines ($3.03B).

In 2023, the top importers of Ignition/other wiring sets for vehicles/aircraft/ship were United States ($14.4B), Germany ($6.05B), Japan ($5.7B), Spain ($2.75B), and Mexico ($2.21B).

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Exporters of Ignition/other wiring sets for vehicles/aircraft/ship (2023)
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Importers of Ignition/other wiring sets for vehicles/aircraft/ship (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$1.44B
Top Destination Growth (2022 -  2023)United States$1.57B

Between 2022 and 2023, the exports of Ignition/other wiring sets for vehicles/aircraft/ship grew the fastest in Mexico ($1.44B), Morocco ($1.06B), Tunisia ($429M), United States ($368M), and Philippines ($289M).

Between 2022 and 2023, the fastest growing importers of Ignition/other wiring sets for vehicles/aircraft/ship were United States ($1.57B), Germany ($824M), Spain ($690M), Japan ($682M), and Canada ($304M).

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Exporters of Ignition/other wiring sets for vehicles/aircraft/ship (2022 - 2023)

Importers of Ignition/other wiring sets for vehicles/aircraft/ship (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ignition/other wiring sets for vehicles/aircraft/ship.

In 2023, market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Ignition/other wiring sets for vehicles/aircraft/ship are explained by 23 countries.

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Value of Exports in Ignition/other wiring sets for vehicles/aircraft/ship

Net Trade

TOP NET EXPORTER (2023)Mexico$9B
TOP NET IMPORTER (2023)United States$12.5B

This map shows which countries export or import more of Ignition/other wiring sets for vehicles/aircraft/ship. Each country is colored based on the difference in exports and imports of Ignition/other wiring sets for vehicles/aircraft/ship during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ignition/other wiring sets for vehicles/aircraft/ship were Mexico ($9B), Morocco ($4.17B), Vietnam ($3.25B), Philippines ($2.91B), and China ($2.38B).

In 2023, the countries that had a largest trade value in imports than in exports of Ignition/other wiring sets for vehicles/aircraft/ship were United States ($12.5B), Japan ($5.4B), Germany ($4.48B), Spain ($1.76B), and Canada ($1.5B).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Ignition/other wiring sets for vehicles/aircraft/ship.
It is possible to select the main countries that export or import Ignition/other wiring sets for vehicles/aircraft/ship in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ignition/other wiring sets for vehicles/aircraft/ship 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 (2023)

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