HS Icon Electrical Lighting and Signalling Equipment

8512 (Harmonized System 1992 for 4-digit)

World Trade (2018): $33.4B, Rnk 110 / 1225

Top Exporter (2018): $4.57B, China

Top Importer (2018): $6.64B, United States

Product Complexity (2018): 1.1, Rnk 142 / 1018

Export Growth (CAGR)(2017 - 2018): 13.9%, Rnk 571 / 1225

Mean Tariff (2018): 8.98%, Rnk 477 / 1259

Share of World Trade (2018): 0.18%, Rnk 110 / 1225

Overview:  This page contains the latest trade data of Electrical Lighting and Signalling Equipment. In 2018, Electrical Lighting and Signalling Equipment were the world's 110th most traded product, with a total trade of $33.4B. Between 2017 and 2018 the exports of Electrical Lighting and Signalling Equipment grew by 13.9%, from  $29.3B to $33.4B. Trade in Electrical Lighting and Signalling Equipment represent 0.18% of total world trade.

Exports: In 2018 the top exporters of Electrical Lighting and Signalling Equipment  were China ($4.57B), Germany ($4.32B), Mexico ($2.93B), Czechia ($2.41B), and Japan ($1.84B).

Imports: In 2018 the top importers of Electrical Lighting and Signalling Equipment were United States ($6.64B), Germany ($4.98B), China ($2.3B), Mexico ($1.6B), and United Kingdom ($1.36B).

Tariffs: In 2018 the average tariff for Electrical Lighting and Signalling Equipment was 8.98%, been the 477 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electrical Lighting and Signalling Equipment are Iran (39%), Cambodia (35%), Pakistan (33.9%), Bermuda (33%), and Maldives (25.7%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Electrical Lighting and Signalling Equipment ranks 142nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $4.57B

Top Destination (2018): United States, $6.64B

Electrical Lighting and Signalling Equipment are the world's 110th most traded product.

In 2018, the top exporters of Electrical Lighting and Signalling Equipment were China ($4.57B), Germany ($4.32B), Mexico ($2.93B), Czechia ($2.41B), and Japan ($1.84B).

In 2018, the top importers of Electrical Lighting and Signalling Equipment were United States ($6.64B), Germany ($4.98B), China ($2.3B), Mexico ($1.6B), and United Kingdom ($1.36B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $1.6B

Top Destination Growth (2017 - 2018): United States, $895M

Between 2017 and 2018, the exports of Electrical Lighting and Signalling Equipment grew the fastest in Germany ($1.6B), Mexico ($403M), United States ($353M), China ($248M), and Czechia ($230M).

Between 2017 and 2018, the fastest growing importers of Electrical Lighting and Signalling Equipment were United States ($895M), China ($758M), Germany ($451M), Slovakia ($219M), and Poland ($184M).

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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 Lighting and Signalling Equipment.

In 2018,  market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Electrical Lighting and Signalling Equipment are explained by 22 countries.

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TOP NET EXPORTER (2018): China, $2.28B

TOP NET IMPORTER (2018): United States, $5.21B

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

In 2018, the countries that had a largest trade value in exports than in imports of Electrical Lighting and Signalling Equipment were China ($2.28B), Czechia ($1.49B), Chinese Taipei ($1.47B), Mexico ($1.34B), and South Korea ($1.02B).

In 2018, the countries that had a largest trade value in imports than in exports of Electrical Lighting and Signalling Equipment were United States ($5.21B), United Kingdom ($1.05B), Germany ($669M), Russia ($517M), and Sweden ($436M).

Trade Forecasts

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This section shows forecasts for total trade for Electrical Lighting and Signalling Equipment. 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 Lighting and Signalling Equipment was 8.98%.  The countries with the highest tariffs for importing Electrical Lighting and Signalling Equipment were Iran (39%), Cambodia (35%), Pakistan (33.9%), Bermuda (33%), and Maldives (25.7%).

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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.