HS Icon Traffic Signals

8530 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.62B, Rnk 661 / 1225

Top Exporter (2018): $333M, Germany

Top Importer (2018): $306M, United States

Product Complexity (2018): 0.8, Rnk 240 / 1018

Export Growth (CAGR)(2017 - 2018): 21.6%, Rnk 301 / 1225

Mean Tariff (2018): 6.39%, Rnk 663 / 1259

Share of World Trade (2018): 0.014%, Rnk 661 / 1225

Overview: In 2018, Traffic Signals were the world's 661st most traded product, with a total trade of $2.62B. Between 2017 and 2018 the exports of Traffic Signals grew by 21.6%, from  $2.15B to $2.62B. Trade in Traffic Signals represent 0.014% of total world trade.

Exports: In 2018 the top exporters of Traffic Signals  were Germany ($333M), Italy ($267M), Spain ($207M), China ($205M), and Austria ($201M).

Imports: In 2018 the top importers of Traffic Signals were United States ($306M), Germany ($128M), Turkey ($105M), China ($104M), and United Kingdom ($89.3M).

Tariffs: In 2018 the average tariff for Traffic Signals was 6.39%, been the 663 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Traffic Signals are Bahamas (40.2%), Iran (35%), Bermuda (25%), Maldives (19.6%), and Panama (15%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Mauritius (0%), Armenia (0%), and Hong Kong (0%).

Ranking: Traffic Signals ranks 240th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $333M

Top Destination (2018): United States, $306M

Traffic Signals are the world's 661st most traded product.

In 2018, the top exporters of Traffic Signals were Germany ($333M), Italy ($267M), Spain ($207M), China ($205M), and Austria ($201M).

In 2018, the top importers of Traffic Signals were United States ($306M), Germany ($128M), Turkey ($105M), China ($104M), and United Kingdom ($89.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $121M

Top Destination Growth (2017 - 2018): United States, $140M

Between 2017 and 2018, the exports of Traffic Signals grew the fastest in Italy ($121M), Mexico ($70.4M), Spain ($51.2M), Austria ($51.1M), and Thailand ($43M).

Between 2017 and 2018, the fastest growing importers of Traffic Signals were United States ($140M), Poland ($46.1M), Turkey ($43.3M), Australia ($39.6M), and Denmark ($37.8M).

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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 Traffic Signals.

In 2018,  market concentration measured using Shannon Entropy, was 4.63. This means that most of the exports of Traffic Signals are explained by 24 countries.

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TOP NET EXPORTER (2018): Italy, $237M

TOP NET IMPORTER (2018): United States, $192M

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

In 2018, the countries that had a largest trade value in exports than in imports of Traffic Signals were Italy ($237M), Germany ($206M), Austria ($156M), Spain ($129M), and China ($101M).

In 2018, the countries that had a largest trade value in imports than in exports of Traffic Signals were United States ($192M), Turkey ($96.5M), Saudi Arabia ($84.5M), Poland ($61.2M), and Egypt ($47M).

Trade Forecasts

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This section shows forecasts for total trade for Traffic Signals. 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 Traffic Signals was 6.39%.  The countries with the highest tariffs for importing Traffic Signals were Bahamas (40.2%), Iran (35%), Bermuda (25%), Maldives (19.6%), and Panama (15%).

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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.