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Insulating fittings; for electrical machines, appliances, equipment, excluding insulators of heading no. 8546, electrical conduit tubing and joints therefore

8547 (Harmonized System 1992 for 4-digit)

2023
World Trade $6.97BRnk 457 / 1217
2023
Top Exporter | Top Importer $1.22B | $731MGermany | Germany
2023
Product Complexity 1.09Rnk 144 / 1044
2022 - 2023
Export Growth (CAGR) 1.05%Rnk 372 / 1217
2023
Share of World Trade 0.031%Rnk 457 / 1217

About

Overview This page contains the latest trade data of Metal Insulating Fittings. In 2023, Metal Insulating Fittings were the world's 457th most traded product, with a total trade of $6.97B. Between 2022 and 2023 the exports of Metal Insulating Fittings grew by 1.05%, from $6.89B to $6.97B. Trade in Metal Insulating Fittings represent 0.031% of total world trade.

Metal Insulating Fittings are a part of Electrical machinery and electronics. They include Electrical insulating fittings of plastics, Electrical insulating fittings except plastic/ceramic, and Electrical insulating fittings of ceramics.

Exports In 2023 the top exporters of Metal Insulating Fittings  were Germany ($1.22B), China ($1.06B), Japan ($695M), United States ($522M), and Czechia ($426M).

Imports In 2023 the top importers of Metal Insulating Fittings were Germany ($731M), China ($604M), Czechia ($467M), United States ($410M), and Mexico ($368M).

Ranking Metal Insulating Fittings ranks 144th in the Product Complexity Index (PCI).

Description Insulating fittings are used to connect electrical machines, appliances or equipment. They can be made from a variety of materials, including plastic and rubber.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Metal Insulating Fittings. 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)Germany$1.22B
Top Destination (2023)Germany$731M

In 2023 Metal Insulating Fittings were the world's 457th most traded product (out of 1,217).

In 2023, the top exporters of Metal Insulating Fittings were Germany ($1.22B), China ($1.06B), Japan ($695M), United States ($522M), and Czechia ($426M).

In 2023, the top importers of Metal Insulating Fittings were Germany ($731M), China ($604M), Czechia ($467M), United States ($410M), and Mexico ($368M).

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Exporters of Metal Insulating Fittings (2023)
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Importers of Metal Insulating Fittings (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Czechia$83.8M
Top Destination Growth (2022 -  2023)Turkey$49.8M

Between 2022 and 2023, the exports of Metal Insulating Fittings grew the fastest in Czechia ($83.8M), Hungary ($81M), Morocco ($53M), Germany ($47.6M), and Belgium ($42.2M).

Between 2022 and 2023, the fastest growing importers of Metal Insulating Fittings were Turkey ($49.8M), Morocco ($44.3M), Hungary ($42.8M), Czechia ($42.2M), and Mexico ($41.6M).

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Exporters of Metal Insulating Fittings (2022 - 2023)

Importers of Metal Insulating Fittings (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Metal Insulating Fittings.

In 2023, market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Metal Insulating Fittings are explained by 19 countries.

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Value of Exports in Metal Insulating Fittings

Net Trade

TOP NET EXPORTER (2023)Japan$558M
TOP NET IMPORTER (2023)Romania$240M

This map shows which countries export or import more of Metal Insulating Fittings. Each country is colored based on the difference in exports and imports of Metal Insulating Fittings during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Metal Insulating Fittings were Japan ($558M), Germany ($491M), China ($456M), Austria ($224M), and South Korea ($140M).

In 2023, the countries that had a largest trade value in imports than in exports of Metal Insulating Fittings were Romania ($240M), Mexico ($177M), Turkey ($167M), Serbia ($127M), and Tunisia ($119M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Metal Insulating Fittings, disaggragated by their HS6 level were Electrical insulating fittings of plastics ($5.14B), Electrical insulating fittings except plastic/ceramic ($1.21B), and Electrical insulating fittings of ceramics ($611M)

HS6 Disaggregation for Metal Insulating Fittings (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Metal Insulating Fittings by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $7.86M
TOP IMPORT POTENTIALChina+ $7.75M

Metal Insulating Fittings’s highest export potential is China. With an export gap of $7.86M.  Metal Insulating Fittings’s highest import potential is China with an import gap of $7.75M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Metal Insulating Fittings.

Country by Relatedness

The following visualization shows the relatedness of Metal Insulating Fittings to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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