HS Icon Printed Circuit Boards

8534 (Harmonized System 1992 for 4-digit)

World Trade (2018): $44.1B, Rnk 87 / 1225

Top Exporter (2018): $17.6B, China

Top Importer (2018): $10.9B, Hong Kong

Product Complexity (2018): 1.1, Rnk 139 / 1018

Export Growth (CAGR)(2017 - 2018): 13.8%, Rnk 576 / 1225

Mean Tariff (2018): 4.77%, Rnk 861 / 1259

Share of World Trade (2018): 0.24%, Rnk 87 / 1225

Overview: In 2018, Printed Circuit Boards were the world's 87th most traded product, with a total trade of $44.1B. Between 2017 and 2018 the exports of Printed Circuit Boards grew by 13.8%, from  $38.7B to $44.1B. Trade in Printed Circuit Boards represent 0.24% of total world trade.

Exports: In 2018 the top exporters of Printed Circuit Boards  were China ($17.6B), Chinese Taipei ($5.66B), South Korea ($4.98B), Japan ($3.21B), and Hong Kong ($1.69B).

Imports: In 2018 the top importers of Printed Circuit Boards were Hong Kong ($10.9B), China ($6.74B), Vietnam ($2.85B), United States ($2.3B), and Germany ($1.99B).

Tariffs: In 2018 the average tariff for Printed Circuit Boards was 4.77%, been the 861 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Printed Circuit Boards are Bahamas (40.2%), Iran (30%), Bermuda (25%), Pakistan (19.9%), and Ethiopia (19.8%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), South Africa (0%), and United Arab Emirates (0%).

Ranking: Printed Circuit Boards ranks 139th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $17.6B

Top Destination (2018): Hong Kong, $10.9B

Printed Circuit Boards are the world's 87th most traded product.

In 2018, the top exporters of Printed Circuit Boards were China ($17.6B), Chinese Taipei ($5.66B), South Korea ($4.98B), Japan ($3.21B), and Hong Kong ($1.69B).

In 2018, the top importers of Printed Circuit Boards were Hong Kong ($10.9B), China ($6.74B), Vietnam ($2.85B), United States ($2.3B), and Germany ($1.99B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $1.48B

Top Destination Growth (2017 - 2018): United States, $2.3B

Between 2017 and 2018, the exports of Printed Circuit Boards grew the fastest in China ($1.48B), Japan ($810M), United States ($696M), Chinese Taipei ($624M), and Hong Kong ($351M).

Between 2017 and 2018, the fastest growing importers of Printed Circuit Boards were United States ($2.3B), Mexico ($1.86B), Hong Kong ($1.21B), Chinese Taipei ($238M), and Philippines ($229M).

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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 Printed Circuit Boards.

In 2018,  market concentration measured using Shannon Entropy, was 3.3. This means that most of the exports of Printed Circuit Boards are explained by 9 countries.

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TOP NET EXPORTER (2018): China, $10.8B

TOP NET IMPORTER (2018): Hong Kong, $9.17B

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

In 2018, the countries that had a largest trade value in exports than in imports of Printed Circuit Boards were China ($10.8B), Chinese Taipei ($4.14B), South Korea ($3.01B), Japan ($2.01B), and Thailand ($303M).

In 2018, the countries that had a largest trade value in imports than in exports of Printed Circuit Boards were Hong Kong ($9.17B), Vietnam ($1.83B), Mexico ($1.75B), United States ($859M), and Malaysia ($734M).

Trade Forecasts

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This section shows forecasts for total trade for Printed Circuit Boards. 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 Printed Circuit Boards was 4.77%.  The countries with the highest tariffs for importing Printed Circuit Boards were Bahamas (40.2%), Iran (30%), Bermuda (25%), Pakistan (19.9%), and Ethiopia (19.8%).

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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.