HS Icon Electrical Control Boards

8537 (Harmonized System 1992 for 4-digit)

World Trade (2018): $67B, Rnk 40 / 1225

Top Exporter (2018): $13.5B, Germany

Top Importer (2018): $12.2B, United States

Product Complexity (2018): 0.49, Rnk 376 / 1018

Export Growth (CAGR)(2017 - 2018): 14.9%, Rnk 524 / 1225

Mean Tariff (2018): 8.84%, Rnk 489 / 1259

Share of World Trade (2018): 0.36%, Rnk 40 / 1225

Overview: In 2018, Electrical Control Boards were the world's 40th most traded product, with a total trade of $67B. Between 2017 and 2018 the exports of Electrical Control Boards grew by 14.9%, from  $58.3B to $67B. Trade in Electrical Control Boards represent 0.36% of total world trade.

Exports: In 2018 the top exporters of Electrical Control Boards  were Germany ($13.5B), China ($9.3B), Mexico ($4.92B), United States ($4.6B), and Japan ($3.71B).

Imports: In 2018 the top importers of Electrical Control Boards were United States ($12.2B), Germany ($7.06B), China ($6.66B), France ($2.08B), and United Kingdom ($2.05B).

Tariffs: In 2018 the average tariff for Electrical Control Boards was 8.84%, been the 489 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electrical Control Boards are Iran (46.5%), Bahamas (41%), Algeria (29.2%), Pakistan (27.4%), and Bermuda (25%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Electrical Control Boards ranks 376th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $13.5B

Top Destination (2018): United States, $12.2B

Electrical Control Boards are the world's 40th most traded product.

In 2018, the top exporters of Electrical Control Boards were Germany ($13.5B), China ($9.3B), Mexico ($4.92B), United States ($4.6B), and Japan ($3.71B).

In 2018, the top importers of Electrical Control Boards were United States ($12.2B), Germany ($7.06B), China ($6.66B), France ($2.08B), and United Kingdom ($2.05B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $2.86B

Top Destination Growth (2017 - 2018): China, $1.12B

Between 2017 and 2018, the exports of Electrical Control Boards grew the fastest in Germany ($2.86B), China ($1.25B), Thailand ($858M), United States ($721M), and Hungary ($523M).

Between 2017 and 2018, the fastest growing importers of Electrical Control Boards were China ($1.12B), United States ($920M), Germany ($587M), Thailand ($582M), and Hong Kong ($474M).

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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 Control Boards.

In 2018,  market concentration measured using Shannon Entropy, was 4.51. This means that most of the exports of Electrical Control Boards are explained by 22 countries.

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TOP NET EXPORTER (2018): Germany, $6.45B

TOP NET IMPORTER (2018): United States, $7.65B

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

In 2018, the countries that had a largest trade value in exports than in imports of Electrical Control Boards were Germany ($6.45B), Mexico ($2.96B), China ($2.64B), Japan ($2.11B), and Romania ($1.71B).

In 2018, the countries that had a largest trade value in imports than in exports of Electrical Control Boards were United States ($7.65B), Hong Kong ($1B), Russia ($852M), Spain ($701M), and United Kingdom ($698M).

Trade Forecasts

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This section shows forecasts for total trade for Electrical Control 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 Electrical Control Boards was 8.84%.  The countries with the highest tariffs for importing Electrical Control Boards were Iran (46.5%), Bahamas (41%), Algeria (29.2%), Pakistan (27.4%), and Bermuda (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.