Insulated Wire8544 (Harmonized System 1992 for 4-digit)
2020 World Trade: $120B, Rnk 18 / 1217
2020 Top Exporter | Top Importer: $23.9B | $20.7B, China | United States
2020 Product Complexity: -0.66, Rnk 741 / 1028
2019 - 2020 Export Growth (CAGR): -7.77%, Rnk 634 / 1217
2018 Mean Tariff: 7.93%, Rnk 547 / 1259
2020 Share of World Trade: 0.72%, Rnk 18 / 1217
Overview This page contains the latest trade data of Insulated Wire. In 2020, Insulated Wire were the world's 18th most traded product, with a total trade of $120B. Between 2019 and 2020 the exports of Insulated Wire decreased by -7.77%, from $130B to $120B. Trade in Insulated Wire represent 0.72% of total world trade.
Insulated Wire are a part of Electrical machinery and electronics. They include Ignition/other wiring sets for vehicles/aircraft/ship, Electric conductors, nes < 80 volts, with connectors, Electric conductors, 80-1,000 volts, no connectors, Electric conductors, nes < 80 volts, no connectors, Electric conductors, for over 1,000 volts, nes, Co-axial cable and other co-axial electric conductors, Insulated winding wire of copper, Optical fibres and cables, Electric conductors, 80-1,000 volts, with connectors, and Insulated winding wire, nes, among others.
Exports In 2020 the top exporters of Insulated Wire were China ($23.9B), Mexico ($12.3B), United States ($8.72B), Germany ($7.87B), and Vietnam ($5.26B).
Imports In 2020 the top importers of Insulated Wire were United States ($20.7B), Germany ($11B), Japan ($6.8B), Mexico ($5.74B), and France ($4.43B).
Tariffs In 2018 the average tariff for Insulated Wire was 7.93%, making it the 547th lowest tariff using the HS4 product classification.
Ranking Insulated Wire ranks 741st in the Product Complexity Index (PCI).
Description Optical fibre cables are used to transmit information over long distances. They can be made from a variety of materials, including glass, plastic, and metal.
The following visualization shows the latest trends on Insulated Wire. 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
Top Origin (2020): China, $23.9B
Top Destination (2020): United States, $20.7B
Insulated Wire are the world's 18th most traded product.
In 2020, the top exporters of Insulated Wire were China ($23.9B), Mexico ($12.3B), United States ($8.72B), Germany ($7.87B), and Vietnam ($5.26B).
In 2020, the top importers of Insulated Wire were United States ($20.7B), Germany ($11B), Japan ($6.8B), Mexico ($5.74B), and France ($4.43B).
Trade by country
Between 2019 and 2020, the exports of Insulated Wire grew the fastest in Vietnam ($388M), Honduras ($154M), Hungary ($99.9M), Burma ($75.3M), and Sweden ($60M).
Between 2019 and 2020, the fastest growing importers of Insulated Wire were China ($364M), Vietnam ($250M), Chinese Taipei ($194M), Turkey ($69.8M), and Netherlands ($55.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Insulated Wire.
In 2020, market concentration measured using Shannon Entropy, was 4.84. This means that most of the exports of Insulated Wire are explained by 28 countries.
TOP NET EXPORTER (2020): China, $20B
TOP NET IMPORTER (2020): United States, $12B
This map shows which countries export or import more of Insulated Wire. Each country is colored based on the difference in exports and imports of Insulated Wire during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Insulated Wire were China ($20B), Mexico ($6.58B), Vietnam ($3.14B), Morocco ($2.89B), and Romania ($1.91B).
In 2020, the countries that had a largest trade value in imports than in exports of Insulated Wire were United States ($12B), Japan ($4.81B), Germany ($3.15B), Hong Kong ($2.73B), and France ($2.54B).
In 2020, the world most traded Insulated Wire, disaggragated by their HS6 level were Ignition/other wiring sets for vehicles/aircraft/ship ($37.1B), Electric conductors, nes < 80 volts,... ($30.4B), Electric conductors, nes < 80 volts,... ($25.4B), Optical fibres and cables ($6.88B), and Electric conductors, for over 1,000 volts,... ($6.72B)
This visualization shows the countries that have an important ratio of their trade related to Insulated Wire. It is possible to select the main countries that export or import Insulated Wire 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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