HS Icon Electrical Resistors

8533 (Harmonized System 1992 for 4-digit)

World Trade (2018): $10.6B, Rnk 313 / 1225

Top Exporter (2018): $2.01B, China

Top Importer (2018): $1.39B, Hong Kong

Product Complexity (2018): 0.79, Rnk 244 / 1018

Export Growth (CAGR)(2017 - 2018): 13.2%, Rnk 606 / 1225

Mean Tariff (2018): 3.7%, Rnk 1052 / 1259

Share of World Trade (2018): 0.057%, Rnk 313 / 1225

Overview:  This page contains the latest trade data of Electrical Resistors. In 2018, Electrical Resistors were the world's 313th most traded product, with a total trade of $10.6B. Between 2017 and 2018 the exports of Electrical Resistors grew by 13.2%, from  $9.33B to $10.6B. Trade in Electrical Resistors represent 0.057% of total world trade.

Exports: In 2018 the top exporters of Electrical Resistors  were China ($2.01B), Germany ($1.33B), Japan ($1.04B), United States ($828M), and Chinese Taipei ($824M).

Imports: In 2018 the top importers of Electrical Resistors were Hong Kong ($1.39B), China ($1.17B), United States ($1.14B), Germany ($1.04B), and Mexico ($528M).

Tariffs: In 2018 the average tariff for Electrical Resistors was 3.7%, been the 1052 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electrical Resistors are Bahamas (40.2%), Maldives (33.1%), Bermuda (25%), Ethiopia (19.8%), and Iran (15.4%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), South Africa (0%), and United Arab Emirates (0%).

Ranking: Electrical Resistors ranks 244th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.01B

Top Destination (2018): Hong Kong, $1.39B

Electrical Resistors are the world's 313th most traded product.

In 2018, the top exporters of Electrical Resistors were China ($2.01B), Germany ($1.33B), Japan ($1.04B), United States ($828M), and Chinese Taipei ($824M).

In 2018, the top importers of Electrical Resistors were Hong Kong ($1.39B), China ($1.17B), United States ($1.14B), Germany ($1.04B), and Mexico ($528M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $333M

Top Destination Growth (2017 - 2018): United States, $630M

Between 2017 and 2018, the exports of Electrical Resistors grew the fastest in Germany ($333M), United States ($154M), Singapore ($148M), Chinese Taipei ($110M), and Austria ($109M).

Between 2017 and 2018, the fastest growing importers of Electrical Resistors were United States ($630M), Hong Kong ($154M), Austria ($85.1M), Thailand ($71.5M), and India ($67.8M).

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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 Resistors.

In 2018,  market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Electrical Resistors are explained by 20 countries.

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TOP NET EXPORTER (2018): China, $842M

TOP NET IMPORTER (2018): Hong Kong, $1.19B

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

In 2018, the countries that had a largest trade value in exports than in imports of Electrical Resistors were China ($842M), Japan ($756M), Chinese Taipei ($611M), Germany ($292M), and Israel ($245M).

In 2018, the countries that had a largest trade value in imports than in exports of Electrical Resistors were Hong Kong ($1.19B), United States ($311M), Mexico ($281M), India ($207M), and Vietnam ($128M).

Trade Forecasts

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This section shows forecasts for total trade for Electrical Resistors. 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 Resistors was 3.7%.  The countries with the highest tariffs for importing Electrical Resistors were Bahamas (40.2%), Maldives (33.1%), Bermuda (25%), Ethiopia (19.8%), and Iran (15.4%).

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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.