HS Icon High-voltage Protection Equipment

8535 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.57B, Rnk 366 / 1225

Top Exporter (2018): $1.74B, Germany

Top Importer (2018): $931M, United States

Product Complexity (2018): 0.61, Rnk 328 / 1018

Export Growth (CAGR)(2017 - 2018): 3.56%, Rnk 1006 / 1225

Mean Tariff (2018): 8.04%, Rnk 539 / 1259

Share of World Trade (2018): 0.047%, Rnk 366 / 1225

Overview:  This page contains the latest trade data of High-voltage Protection Equipment. In 2018, High-voltage Protection Equipment were the world's 366th most traded product, with a total trade of $8.57B. Between 2017 and 2018 the exports of High-voltage Protection Equipment grew by 3.56%, from  $8.28B to $8.57B. Trade in High-voltage Protection Equipment represent 0.047% of total world trade.

Exports: In 2018 the top exporters of High-voltage Protection Equipment  were Germany ($1.74B), China ($886M), Switzerland ($719M), Italy ($513M), and United States ($468M).

Imports: In 2018 the top importers of High-voltage Protection Equipment were United States ($931M), China ($601M), Germany ($444M), Indonesia ($320M), and Saudi Arabia ($285M).

Tariffs: In 2018 the average tariff for High-voltage Protection Equipment was 8.04%, been the 539 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for High-voltage Protection Equipment are Bahamas (40.2%), Iran (32%), Algeria (29.2%), Bermuda (25%), and Jordan (22.1%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: High-voltage Protection Equipment ranks 328th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.74B

Top Destination (2018): United States, $931M

High-voltage Protection Equipment are the world's 366th most traded product.

In 2018, the top exporters of High-voltage Protection Equipment were Germany ($1.74B), China ($886M), Switzerland ($719M), Italy ($513M), and United States ($468M).

In 2018, the top importers of High-voltage Protection Equipment were United States ($931M), China ($601M), Germany ($444M), Indonesia ($320M), and Saudi Arabia ($285M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $229M

Top Destination Growth (2017 - 2018): Indonesia, $83M

Between 2017 and 2018, the exports of High-voltage Protection Equipment grew the fastest in Germany ($229M), Thailand ($77M), Poland ($49.3M), Philippines ($48.7M), and Italy ($47.6M).

Between 2017 and 2018, the fastest growing importers of High-voltage Protection Equipment were Indonesia ($83M), Spain ($63M), Egypt ($62.8M), Japan ($57.7M), and India ($55.1M).

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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 High-voltage Protection Equipment.

In 2018,  market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of High-voltage Protection Equipment are explained by 23 countries.

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TOP NET EXPORTER (2018): Germany, $1.3B

TOP NET IMPORTER (2018): United States, $463M

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

In 2018, the countries that had a largest trade value in exports than in imports of High-voltage Protection Equipment were Germany ($1.3B), Switzerland ($654M), Italy ($373M), China ($285M), and Mexico ($234M).

In 2018, the countries that had a largest trade value in imports than in exports of High-voltage Protection Equipment were United States ($463M), Indonesia ($286M), Saudi Arabia ($273M), Malaysia ($147M), and Egypt ($113M).

Trade Forecasts

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This section shows forecasts for total trade for High-voltage Protection Equipment. 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 High-voltage Protection Equipment was 8.04%.  The countries with the highest tariffs for importing High-voltage Protection Equipment were Bahamas (40.2%), Iran (32%), Algeria (29.2%), Bermuda (25%), and Jordan (22.1%).

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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.