HS Icon Telephones

8517 (Harmonized System 1992 for 4-digit)

World Trade (2018): $131B, Rnk 19 / 1225

Top Exporter (2018): $55.3B, China

Top Importer (2018): $23.2B, China

Product Complexity (2018): 0.47, Rnk 386 / 1018

Export Growth (CAGR)(2017 - 2018): -5.42%, Rnk 1143 / 1225

Mean Tariff (2018): 6.31%, Rnk 667 / 1259

Share of World Trade (2018): 0.71%, Rnk 19 / 1225

Overview: In 2018, Telephones were the world's 19th most traded product, with a total trade of $131B. Between 2017 and 2018 the exports of Telephones decreased by -5.42%, from  $138B to $131B. Trade in Telephones represent 0.71% of total world trade.

Exports: In 2018 the top exporters of Telephones  were China ($55.3B), Vietnam ($23.1B), Mexico ($16.7B), South Korea ($6.95B), and Hong Kong ($5.71B).

Imports: In 2018 the top importers of Telephones were China ($23.2B), Hong Kong ($21.5B), United States ($18.8B), Vietnam ($10.8B), and India ($9.58B).

Tariffs: In 2018 the average tariff for Telephones was 6.31%, been the 667 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Telephones are Iran (31.8%), Bermuda (25%), Uzbekistan (19.9%), Mauritania (17%), and Syria (16.5%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), United Arab Emirates (0%), and Armenia (0%).

Ranking: Telephones ranks 386th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $55.3B

Top Destination (2018): China, $23.2B

Telephones are the world's 19th most traded product.

In 2018, the top exporters of Telephones were China ($55.3B), Vietnam ($23.1B), Mexico ($16.7B), South Korea ($6.95B), and Hong Kong ($5.71B).

In 2018, the top importers of Telephones were China ($23.2B), Hong Kong ($21.5B), United States ($18.8B), Vietnam ($10.8B), and India ($9.58B).

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Vietnam, $8.15B

Top Destination Growth (2017 - 2018): United States, $5.89B

Between 2017 and 2018, the exports of Telephones grew the fastest in Vietnam ($8.15B), Hong Kong ($1.92B), United Arab Emirates ($580M), Israel ($401M), and Italy ($278M).

Between 2017 and 2018, the fastest growing importers of Telephones were United States ($5.89B), China ($1.46B), Saudi Arabia ($1.29B), Netherlands ($562M), and Vietnam ($562M).

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Telephones.

In 2018,  market concentration measured using Shannon Entropy, was 3.05. This means that most of the exports of Telephones are explained by 8 countries.

TOP NET EXPORTER (2018): China, $32B

TOP NET IMPORTER (2018): United States, $16.3B

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

In 2018, the countries that had a largest trade value in exports than imports of Telephones were China ($32B), Mexico ($14B), Vietnam ($12.2B), Chinese Taipei ($1.25B), and South Korea ($448M).

In 2018, the countries that had a largest trade value in imports than exports of Telephones were United States ($16.3B), Hong Kong ($15.8B), India ($9.28B), Indonesia ($3.19B), and Netherlands ($1.51B).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Telephones. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Telephones was 6.31%.  The countries with the highest tariffs for importing Telephones were Iran (31.8%), Bermuda (25%), Uzbekistan (19.9%), Mauritania (17%), and Syria (16.5%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.