HS Icon Electrical control and distribution boards, < 1kV

853710 (Harmonized System 1992 for 6-digit)

World Trade (2018): $60.7B, Rnk 34 / 4726

Top Exporter (2018): $12.4B, Germany

Top Importer (2018): $11.9B, United States

Product Complexity (2018): 0.18, Rnk 2289 / 4873

Export Growth (CAGR)(2017 - 2018): 16.1%, Rnk 1769 / 4726

Mean Tariff (2018): 7.88%, Rnk 2879 / 6538

Share of World Trade (2018): 0.33%, Rnk 34 / 4726

Overview:  This page contains the latest trade data of Electrical control and distribution boards, < 1kV. In 2018, Electrical control and distribution boards, < 1kV were the world's 34th most traded product, with a total trade of $60.7B. Between 2017 and 2018 the exports of Electrical control and distribution boards, < 1kV grew by 16.1%, from  $52.3B to $60.7B. Trade in Electrical control and distribution boards, < 1kV represent 0.33% of total world trade.

Exports: In 2018 the top exporters of Electrical control and distribution boards, < 1kV  were Germany ($12.4B), China ($8.24B), Mexico ($4.79B), United States ($4.44B), and Japan ($3.54B).

Imports: In 2018 the top importers of Electrical control and distribution boards, < 1kV were United States ($11.9B), Germany ($6.79B), China ($6.44B), France ($1.97B), and United Kingdom ($1.9B).

Tariffs: In 2018 the average tariff for Electrical control and distribution boards, < 1kV was 7.88%, been the 2879 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Electrical control and distribution boards, < 1kV are Bahamas (40.2%), Iran (38%), Pakistan (29.9%), Algeria (29.2%), 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 and distribution boards, < 1kV ranks 2289th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $12.4B

Top Destination (2018): United States, $11.9B

Electrical control and distribution boards, < 1kV are the world's 34th most traded product.

In 2018, the top exporters of Electrical control and distribution boards, < 1kV were Germany ($12.4B), China ($8.24B), Mexico ($4.79B), United States ($4.44B), and Japan ($3.54B).

In 2018, the top importers of Electrical control and distribution boards, < 1kV were United States ($11.9B), Germany ($6.79B), China ($6.44B), France ($1.97B), and United Kingdom ($1.9B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $2.85B

Top Destination Growth (2017 - 2018): China, $1.05B

Between 2017 and 2018, the exports of Electrical control and distribution boards, < 1kV grew the fastest in Germany ($2.85B), China ($1.29B), Thailand ($787M), United States ($669M), and Romania ($519M).

Between 2017 and 2018, the fastest growing importers of Electrical control and distribution boards, < 1kV were China ($1.05B), United States ($904M), Thailand ($540M), Hong Kong ($476M), and Germany ($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 and distribution boards, < 1kV.

In 2018,  market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Electrical control and distribution boards, < 1kV are explained by 21 countries.

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TOP NET EXPORTER (2018): Germany, $5.62B

TOP NET IMPORTER (2018): United States, $7.46B

This map shows which countries export or import more of Electrical control and distribution boards, < 1kV. Each country is colored based on the difference in exports and imports of Electrical control and distribution boards, < 1kV during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Electrical control and distribution boards, < 1kV were Germany ($5.62B), Mexico ($2.92B), Japan ($1.99B), China ($1.79B), and Romania ($1.71B).

In 2018, the countries that had a largest trade value in imports than in exports of Electrical control and distribution boards, < 1kV were United States ($7.46B), Hong Kong ($990M), Spain ($813M), Russia ($737M), and Turkey ($577M).

Trade Forecasts

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This section shows forecasts for total trade for Electrical control and distribution boards, < 1kV. 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 and distribution boards, < 1kV was 7.88%.  The countries with the highest tariffs for importing Electrical control and distribution boards, < 1kV were Bahamas (40.2%), Iran (38%), Pakistan (29.9%), Algeria (29.2%), 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.