HS Icon Static converters, nes

850440 (Harmonized System 1992 for 6-digit)

World Trade (2018): $55.3B, Rnk 37 / 4726

Top Exporter (2018): $20.2B, China

Top Importer (2018): $9.74B, United States

Product Complexity (2018): 1.09, Rnk 627 / 4873

Export Growth (CAGR)(2017 - 2018): 9.57%, Rnk 2741 / 4726

Mean Tariff (2018): 6.58%, Rnk 3364 / 6538

Share of World Trade (2018): 0.3%, Rnk 37 / 4726

Overview: In 2018, Static converters, nes were the world's 37th most traded product, with a total trade of $55.3B. Between 2017 and 2018 the exports of Static converters, nes grew by 9.57%, from  $50.4B to $55.3B. Trade in Static converters, nes represent 0.3% of total world trade.

Exports: In 2018 the top exporters of Static converters, nes  were China ($20.2B), Germany ($5.74B), United States ($3.12B), Japan ($2.32B), and Netherlands ($1.73B).

Imports: In 2018 the top importers of Static converters, nes were United States ($9.74B), Germany ($4.2B), Hong Kong ($4.16B), China ($2.94B), and Netherlands ($2.52B).

Tariffs: In 2018 the average tariff for Static converters, nes was 6.58%, been the 3364 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Static converters, nes are Iran (31%), Maldives (24.5%), Bahamas (20.1%), Tunisia (20%), and Brazil (16.1%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Static converters, nes ranks 627th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $20.2B

Top Destination (2018): United States, $9.74B

Static converters, nes are the world's 37th most traded product.

In 2018, the top exporters of Static converters, nes were China ($20.2B), Germany ($5.74B), United States ($3.12B), Japan ($2.32B), and Netherlands ($1.73B).

In 2018, the top importers of Static converters, nes were United States ($9.74B), Germany ($4.2B), Hong Kong ($4.16B), China ($2.94B), and Netherlands ($2.52B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $1.01B

Top Destination Growth (2017 - 2018): Germany, $601M

Between 2017 and 2018, the exports of Static converters, nes grew the fastest in Germany ($1.01B), United States ($864M), Netherlands ($677M), Thailand ($395M), and Poland ($277M).

Between 2017 and 2018, the fastest growing importers of Static converters, nes were Germany ($601M), Netherlands ($504M), Italy ($274M), United States ($247M), and Spain ($235M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Static converters, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Static converters, nes are explained by 15 countries.

TOP NET EXPORTER (2018): China, $17.3B

TOP NET IMPORTER (2018): United States, $6.62B

This map shows which countries export or import more of Static converters, nes. Each country is colored based on the difference in exports and imports of Static converters, nes during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Static converters, nes were China ($17.3B), Germany ($1.54B), Philippines ($1.45B), Thailand ($1B), and Finland ($567M).

In 2018, the countries that had a largest trade value in imports than exports of Static converters, nes were United States ($6.62B), Hong Kong ($3.38B), Australia ($829M), France ($822M), and Netherlands ($789M).

Trade Forecasts

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This section shows forecasts for total trade for Static converters, nes. 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 Static converters, nes was 6.58%.  The countries with the highest tariffs for importing Static converters, nes were Iran (31%), Maldives (24.5%), Bahamas (20.1%), Tunisia (20%), and Brazil (16.1%).

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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.