HS Icon Electrical Ignitions

8511 (Harmonized System 1992 for 4-digit)

World Trade (2018): $21B, Rnk 177 / 1225

Top Exporter (2018): $3.72B, Japan

Top Importer (2018): $4.4B, United States

Product Complexity (2018): 0.61, Rnk 327 / 1018

Export Growth (CAGR)(2017 - 2018): 6.19%, Rnk 929 / 1225

Mean Tariff (2018): 8.34%, Rnk 520 / 1259

Share of World Trade (2018): 0.11%, Rnk 177 / 1225

Overview:  This page contains the latest trade data of Electrical Ignitions. In 2018, Electrical Ignitions were the world's 177th most traded product, with a total trade of $21B. Between 2017 and 2018 the exports of Electrical Ignitions grew by 6.19%, from  $19.8B to $21B. Trade in Electrical Ignitions represent 0.11% of total world trade.

Exports: In 2018 the top exporters of Electrical Ignitions  were Japan ($3.72B), China ($2.31B), United States ($2.22B), Germany ($2.07B), and Mexico ($1.9B).

Imports: In 2018 the top importers of Electrical Ignitions were United States ($4.4B), Germany ($2.51B), Mexico ($1.58B), China ($1.02B), and France ($825M).

Tariffs: In 2018 the average tariff for Electrical Ignitions was 8.34%, been the 520 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electrical Ignitions are Cambodia (35%), Bermuda (35%), Iran (33.6%), Maldives (30.8%), and Pakistan (30.2%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Electrical Ignitions ranks 327th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $3.72B

Top Destination (2018): United States, $4.4B

Electrical Ignitions are the world's 177th most traded product.

In 2018, the top exporters of Electrical Ignitions were Japan ($3.72B), China ($2.31B), United States ($2.22B), Germany ($2.07B), and Mexico ($1.9B).

In 2018, the top importers of Electrical Ignitions were United States ($4.4B), Germany ($2.51B), Mexico ($1.58B), China ($1.02B), and France ($825M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $294M

Top Destination Growth (2017 - 2018): Germany, $403M

Between 2017 and 2018, the exports of Electrical Ignitions grew the fastest in Germany ($294M), Hungary ($176M), Spain ($173M), United Kingdom ($150M), and United States ($133M).

Between 2017 and 2018, the fastest growing importers of Electrical Ignitions were Germany ($403M), United States ($272M), Spain ($132M), Netherlands ($83M), and Thailand ($69.8M).

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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 Electrical Ignitions.

In 2018,  market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Electrical Ignitions are explained by 19 countries.

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TOP NET EXPORTER (2018): Japan, $3.36B

TOP NET IMPORTER (2018): United States, $2.18B

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

In 2018, the countries that had a largest trade value in exports than in imports of Electrical Ignitions were Japan ($3.36B), China ($1.29B), France ($384M), South Korea ($361M), and Mexico ($319M).

In 2018, the countries that had a largest trade value in imports than in exports of Electrical Ignitions were United States ($2.18B), Canada ($500M), Germany ($435M), United Kingdom ($384M), and Russia ($271M).

Trade Forecasts

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This section shows forecasts for total trade for Electrical Ignitions. 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 Electrical Ignitions was 8.34%.  The countries with the highest tariffs for importing Electrical Ignitions were Cambodia (35%), Bermuda (35%), Iran (33.6%), Maldives (30.8%), and Pakistan (30.2%).

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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.