HS Icon Electric Batteries

8507 (Harmonized System 1992 for 4-digit)

World Trade (2018): $53.8B, Rnk 63 / 1225

Top Exporter (2018): $15.1B, China

Top Importer (2018): $7.52B, United States

Product Complexity (2018): 0.66, Rnk 303 / 1018

Export Growth (CAGR)(2017 - 2018): 26.6%, Rnk 208 / 1225

Mean Tariff (2018): 8.94%, Rnk 481 / 1259

Share of World Trade (2018): 0.29%, Rnk 63 / 1225

Overview:  This page contains the latest trade data of Electric Batteries. In 2018, Electric Batteries were the world's 63rd most traded product, with a total trade of $53.8B. Between 2017 and 2018 the exports of Electric Batteries grew by 26.6%, from  $42.5B to $53.8B. Trade in Electric Batteries represent 0.29% of total world trade.

Exports: In 2018 the top exporters of Electric Batteries  were China ($15.1B), South Korea ($6.76B), Japan ($4.97B), United States ($3.55B), and Germany ($3.54B).

Imports: In 2018 the top importers of Electric Batteries were United States ($7.52B), Germany ($4.75B), Hong Kong ($3.31B), China ($3.13B), and France ($2.37B).

Tariffs: In 2018 the average tariff for Electric Batteries was 8.94%, been the 481 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electric Batteries are Bermuda (35%), Maldives (34.2%), Fiji (31.1%), Cambodia (28.3%), and Bahamas (27.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Electric Batteries ranks 303rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $15.1B

Top Destination (2018): United States, $7.52B

Electric Batteries are the world's 63rd most traded product.

In 2018, the top exporters of Electric Batteries were China ($15.1B), South Korea ($6.76B), Japan ($4.97B), United States ($3.55B), and Germany ($3.54B).

In 2018, the top importers of Electric Batteries were United States ($7.52B), Germany ($4.75B), Hong Kong ($3.31B), China ($3.13B), and France ($2.37B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $3.53B

Top Destination Growth (2017 - 2018): United States, $1.99B

Between 2017 and 2018, the exports of Electric Batteries grew the fastest in China ($3.53B), Japan ($1.24B), South Korea ($1.17B), Germany ($605M), and Poland ($541M).

Between 2017 and 2018, the fastest growing importers of Electric Batteries were United States ($1.99B), Germany ($768M), South Korea ($729M), Hong Kong ($701M), and India ($650M).

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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 Electric Batteries.

In 2018,  market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Electric Batteries are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $11.9B

TOP NET IMPORTER (2018): United States, $3.97B

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

In 2018, the countries that had a largest trade value in exports than in imports of Electric Batteries were China ($11.9B), South Korea ($5.12B), Japan ($3.5B), Mexico ($299M), and Czechia ($288M).

In 2018, the countries that had a largest trade value in imports than in exports of Electric Batteries were United States ($3.97B), Hong Kong ($2.68B), France ($1.41B), India ($1.22B), and Germany ($1.2B).

Trade Forecasts

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This section shows forecasts for total trade for Electric Batteries. 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 Electric Batteries was 8.94%.  The countries with the highest tariffs for importing Electric Batteries were Bermuda (35%), Maldives (34.2%), Fiji (31.1%), Cambodia (28.3%), and Bahamas (27.7%).

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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.