HS Icon Parts and accessories of data processing equipment ne

847330 (Harmonized System 1992 for 6-digit)

World Trade (2018): $253B, Rnk 7 / 4726

Top Exporter (2018): $98.9B, China

Top Importer (2018): $48.3B, United States

Product Complexity (2018): 1, Rnk 771 / 4873

Export Growth (CAGR)(2017 - 2018): 17.3%, Rnk 1621 / 4726

Mean Tariff (2018): 4.41%, Rnk 4600 / 6538

Share of World Trade (2018): 1.38%, Rnk 7 / 4726

Overview:  This page contains the latest trade data of Parts and accessories of data processing equipment ne. In 2018, Parts and accessories of data processing equipment ne were the world's 7th most traded product, with a total trade of $253B. Between 2017 and 2018 the exports of Parts and accessories of data processing equipment ne grew by 17.3%, from  $216B to $253B. Trade in Parts and accessories of data processing equipment ne represent 1.38% of total world trade.

Exports: In 2018 the top exporters of Parts and accessories of data processing equipment ne  were China ($98.9B), United States ($19.1B), South Korea ($18.7B), Thailand ($18.5B), and Netherlands ($11.1B).

Imports: In 2018 the top importers of Parts and accessories of data processing equipment ne were United States ($48.3B), Hong Kong ($35.2B), China ($18.2B), Mexico ($16.7B), and Germany ($15.2B).

Tariffs: In 2018 the average tariff for Parts and accessories of data processing equipment ne was 4.41%, been the 4600 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts and accessories of data processing equipment ne are Iran (36%), Bermuda (25%), Cuba (14.4%), Mauritania (13%), and Aruba (12%). The countries with the lowest tariffs are Egypt (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Parts and accessories of data processing equipment ne ranks 771st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $98.9B

Top Destination (2018): United States, $48.3B

Parts and accessories of data processing equipment ne are the world's 7th most traded product.

In 2018, the top exporters of Parts and accessories of data processing equipment ne were China ($98.9B), United States ($19.1B), South Korea ($18.7B), Thailand ($18.5B), and Netherlands ($11.1B).

In 2018, the top importers of Parts and accessories of data processing equipment ne were United States ($48.3B), Hong Kong ($35.2B), China ($18.2B), Mexico ($16.7B), and Germany ($15.2B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $13.5B

Top Destination Growth (2017 - 2018): Mexico, $16.7B

Between 2017 and 2018, the exports of Parts and accessories of data processing equipment ne grew the fastest in United States ($13.5B), China ($9.39B), South Korea ($5.55B), Chinese Taipei ($2.99B), and Germany ($2.85B).

Between 2017 and 2018, the fastest growing importers of Parts and accessories of data processing equipment ne were Mexico ($16.7B), Hong Kong ($7.14B), Chinese Taipei ($2.56B), Singapore ($1.88B), and China ($1.66B).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Parts and accessories of data processing equipment ne.

In 2018,  market concentration measured using Shannon Entropy, was 3.59. This means that most of the exports of Parts and accessories of data processing equipment ne are explained by 12 countries.

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TOP NET EXPORTER (2018): China, $80.7B

TOP NET IMPORTER (2018): Hong Kong, $31.3B

This map shows which countries export or import more of Parts and accessories of data processing equipment ne. Each country is colored based on the difference in exports and imports of Parts and accessories of data processing equipment ne during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts and accessories of data processing equipment ne were China ($80.7B), Thailand ($14.4B), South Korea ($11.3B), Philippines ($6.65B), and Chinese Taipei ($6.45B).

In 2018, the countries that had a largest trade value in imports than in exports of Parts and accessories of data processing equipment ne were Hong Kong ($31.3B), United States ($29.2B), Mexico ($15.1B), Germany ($4.47B), and Netherlands ($4.15B).

Trade Forecasts

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This section shows forecasts for total trade for Parts and accessories of data processing equipment ne. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Parts and accessories of data processing equipment ne was 4.41%.  The countries with the highest tariffs for importing Parts and accessories of data processing equipment ne were Iran (36%), Bermuda (25%), Cuba (14.4%), Mauritania (13%), and Aruba (12%).

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Product Complexity

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Diversification Frontier

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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.