HS Icon Other Domestic Electric Housewares

8509 (Harmonized System 1992 for 4-digit)

World Trade (2018): $23.9B, Rnk 161 / 1225

Top Exporter (2018): $11.5B, China

Top Importer (2018): $4.83B, United States

Product Complexity (2018): 1.04, Rnk 161 / 1018

Export Growth (CAGR)(2017 - 2018): 10.8%, Rnk 731 / 1225

Mean Tariff (2018): 11.9%, Rnk 317 / 1259

Share of World Trade (2018): 0.13%, Rnk 161 / 1225

Overview: In 2018, Other Domestic Electric Housewares were the world's 161st most traded product, with a total trade of $23.9B. Between 2017 and 2018 the exports of Other Domestic Electric Housewares grew by 10.8%, from  $21.5B to $23.9B. Trade in Other Domestic Electric Housewares represent 0.13% of total world trade.

Exports: In 2018 the top exporters of Other Domestic Electric Housewares  were China ($11.5B), Germany ($2.45B), Malaysia ($1.96B), United States ($766M), and Hungary ($599M).

Imports: In 2018 the top importers of Other Domestic Electric Housewares were United States ($4.83B), Germany ($2.81B), Japan ($1.37B), France ($1.17B), and United Kingdom ($954M).

Tariffs: In 2018 the average tariff for Other Domestic Electric Housewares was 11.9%, been the 317 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Domestic Electric Housewares are Syria (50.6%), Bahamas (40.9%), Egypt (37.5%), Iran (35%), and Cambodia (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Other Domestic Electric Housewares ranks 161st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $11.5B

Top Destination (2018): United States, $4.83B

Other Domestic Electric Housewares are the world's 161st most traded product.

In 2018, the top exporters of Other Domestic Electric Housewares were China ($11.5B), Germany ($2.45B), Malaysia ($1.96B), United States ($766M), and Hungary ($599M).

In 2018, the top importers of Other Domestic Electric Housewares were United States ($4.83B), Germany ($2.81B), Japan ($1.37B), France ($1.17B), and United Kingdom ($954M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $500M

Top Destination Growth (2017 - 2018): United States, $592M

Between 2017 and 2018, the exports of Other Domestic Electric Housewares grew the fastest in China ($500M), Germany ($490M), Hungary ($222M), Netherlands ($202M), and Philippines ($186M).

Between 2017 and 2018, the fastest growing importers of Other Domestic Electric Housewares were United States ($592M), Germany ($522M), Netherlands ($209M), Poland ($204M), and France ($129M).

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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 Other Domestic Electric Housewares.

In 2018,  market concentration measured using Shannon Entropy, was 3.3. This means that most of the exports of Other Domestic Electric Housewares are explained by 9 countries.

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TOP NET EXPORTER (2018): China, $11.1B

TOP NET IMPORTER (2018): United States, $4.07B

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Domestic Electric Housewares were China ($11.1B), Malaysia ($1.85B), Hungary ($297M), Philippines ($225M), and Mexico ($153M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Domestic Electric Housewares were United States ($4.07B), Japan ($1.26B), United Kingdom ($767M), France ($664M), and Canada ($633M).

Trade Forecasts

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This section shows forecasts for total trade for Other Domestic Electric Housewares. 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 Other Domestic Electric Housewares was 11.9%.  The countries with the highest tariffs for importing Other Domestic Electric Housewares were Syria (50.6%), Bahamas (40.9%), Egypt (37.5%), Iran (35%), and Cambodia (35%).

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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.