Insulated winding wire, nes854419 (Harmonized System 1992 for 6-digit)
2021 World Trade: $1.09B, Rnk 2027 / 4641
2021 Top Exporter | Top Importer: $388M | $69.2M, China | Mexico
2021 Product Complexity: -0.7, Rnk 3458 / 4648
2020 - 2021 Export Growth (CAGR): 20%, Rnk 2358 / 4641
2018 Mean Tariff: 8.22%, Rnk 2777 / 6538
2021 Share of World Trade: 0.0052%, Rnk 2027 / 4641
Overview This page contains the latest trade data of Insulated winding wire, nes. In 2021, Insulated winding wire, nes were the world's 2027th most traded product, with a total trade of $1.09B. Between 2020 and 2021 the exports of Insulated winding wire, nes grew by 20%, from $909M to $1.09B. Trade in Insulated winding wire, nes represent 0.0052% of total world trade.
Insulated winding wire, nes are a part of Insulated Wire.
Exports In 2021 the top exporters of Insulated winding wire, nes were China ($388M), United States ($88M), South Korea ($63M), Italy ($56.8M), and India ($52.5M).
Imports In 2021 the top importers of Insulated winding wire, nes were Mexico ($69.2M), Japan ($55.5M), China ($54.7M), Malaysia ($38.9M), and Vietnam ($38.6M).
Tariffs In 2018 the average tariff for Insulated winding wire, nes was 8.22%, making it the 2777th lowest tariff using the HS6 product classification.
Ranking Insulated winding wire, nes ranks 3458th in the Product Complexity Index (PCI).
Description Insulated winding wire is used in transformers, motors, and other electrical equipment to provide a path for the electric current and to reduce the power losses.
The following visualization shows the latest trends on Insulated winding wire, 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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Insulated winding wire, nes are the world's 2027th most traded product.
In 2021, the top exporters of Insulated winding wire, nes were China ($388M), United States ($88M), South Korea ($63M), Italy ($56.8M), and India ($52.5M).
In 2021, the top importers of Insulated winding wire, nes were Mexico ($69.2M), Japan ($55.5M), China ($54.7M), Malaysia ($38.9M), and Vietnam ($38.6M).
Trade by country
Between 2020 and 2021, the exports of Insulated winding wire, nes grew the fastest in China ($83.1M), United States ($21.6M), South Korea ($11.4M), Chinese Taipei ($11.2M), and Italy ($11.2M).
Between 2020 and 2021, the fastest growing importers of Insulated winding wire, nes were Mexico ($32.5M), Thailand ($14.8M), Malaysia ($9.58M), Germany ($8.11M), and Slovakia ($6.86M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Insulated winding wire, nes.
In 2021, market concentration measured using Shannon Entropy, was 4.08. This means that most of the exports of Insulated winding wire, nes are explained by 16 countries.
This map shows which countries export or import more of Insulated winding wire, nes. Each country is colored based on the difference in exports and imports of Insulated winding wire, nes during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Insulated winding wire, nes were China ($334M), United States ($52.2M), South Korea ($37.9M), Italy ($33.1M), and Chinese Taipei ($28.6M).
In 2021, the countries that had a largest trade value in imports than in exports of Insulated winding wire, nes were Mexico ($59.4M), Japan ($40.8M), Philippines ($29.6M), Vietnam ($28.6M), and Canada ($22.4M).
This visualization shows the countries that have an important ratio of their trade related to Insulated winding wire, nes. It is possible to select the main countries that export or import Insulated winding wire, nes in the world, or by continent, as well as select the measure of interest.
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.
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