HS Icon Audio Alarms

8531 (Harmonized System 1992 for 4-digit)

World Trade (2018): $17.5B, Rnk 213 / 1225

Top Exporter (2018): $4.54B, China

Top Importer (2018): $3.09B, United States

Product Complexity (2018): 0.92, Rnk 199 / 1018

Export Growth (CAGR)(2017 - 2018): 8.29%, Rnk 852 / 1225

Mean Tariff (2018): 7.63%, Rnk 570 / 1259

Share of World Trade (2018): 0.095%, Rnk 213 / 1225

Overview:  This page contains the latest trade data of Audio Alarms. In 2018, Audio Alarms were the world's 213th most traded product, with a total trade of $17.5B. Between 2017 and 2018 the exports of Audio Alarms grew by 8.29%, from  $16.2B to $17.5B. Trade in Audio Alarms represent 0.095% of total world trade.

Exports: In 2018 the top exporters of Audio Alarms  were China ($4.54B), United States ($1.48B), Germany ($1.2B), Mexico ($910M), and United Kingdom ($779M).

Imports: In 2018 the top importers of Audio Alarms were United States ($3.09B), Germany ($1.42B), United Kingdom ($956M), Hong Kong ($886M), and France ($833M).

Tariffs: In 2018 the average tariff for Audio Alarms was 7.63%, been the 570 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Audio Alarms are Cambodia (35%), Iran (27.8%), Ethiopia (27.2%), Algeria (27.1%), and Hungary (25%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Audio Alarms ranks 199th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $4.54B

Top Destination (2018): United States, $3.09B

Audio Alarms are the world's 213th most traded product.

In 2018, the top exporters of Audio Alarms were China ($4.54B), United States ($1.48B), Germany ($1.2B), Mexico ($910M), and United Kingdom ($779M).

In 2018, the top importers of Audio Alarms were United States ($3.09B), Germany ($1.42B), United Kingdom ($956M), Hong Kong ($886M), and France ($833M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $434M

Top Destination Growth (2017 - 2018): United States, $206M

Between 2017 and 2018, the exports of Audio Alarms grew the fastest in United States ($434M), Italy ($308M), Netherlands ($210M), Germany ($190M), and United Arab Emirates ($121M).

Between 2017 and 2018, the fastest growing importers of Audio Alarms were United States ($206M), France ($159M), United Kingdom ($157M), Austria ($121M), and China ($97.5M).

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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 Audio Alarms.

In 2018,  market concentration measured using Shannon Entropy, was 4.44. This means that most of the exports of Audio Alarms are explained by 21 countries.

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TOP NET EXPORTER (2018): China, $4.1B

TOP NET IMPORTER (2018): United States, $1.61B

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

In 2018, the countries that had a largest trade value in exports than in imports of Audio Alarms were China ($4.1B), Chinese Taipei ($555M), Mexico ($316M), Italy ($256M), and Thailand ($238M).

In 2018, the countries that had a largest trade value in imports than in exports of Audio Alarms were United States ($1.61B), Hong Kong ($575M), France ($368M), Germany ($223M), and Spain ($214M).

Trade Forecasts

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This section shows forecasts for total trade for Audio Alarms. 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 Audio Alarms was 7.63%.  The countries with the highest tariffs for importing Audio Alarms were Cambodia (35%), Iran (27.8%), Ethiopia (27.2%), Algeria (27.1%), and Hungary (25%).

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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.