HS Icon Insulated Wire

8544 (Harmonized System 1992 for 4-digit)

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.

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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.

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Historical Data

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Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Vietnam, $388M

Top Destination Growth (2019 - 2020): China, $364M

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).

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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 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.

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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).

Disaggregation

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Value

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)

Country Comparison

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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.

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