HS Icon 1kV onClick=titleClick(0)>Electrical control and distribution boards, > 1kV

853720 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.29B, Rnk 522 / 4726

Top Exporter (2018): $1.1B, Germany

Top Importer (2018): $350M, United States

Product Complexity (2018): 0.14, Rnk 2370 / 4873

Export Growth (CAGR)(2017 - 2018): 4.31%, Rnk 3408 / 4726

Mean Tariff (2018): 9.79%, Rnk 2324 / 6538

Share of World Trade (2018): 0.034%, Rnk 522 / 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 522nd most traded product, with a total trade of $6.29B. Between 2017 and 2018 the exports of Electrical control and distribution boards, > 1kV grew by 4.31%, from  $6.03B to $6.29B. Trade in Electrical control and distribution boards, > 1kV represent 0.034% of total world trade.

Exports: In 2018 the top exporters of Electrical control and distribution boards, > 1kV  were Germany ($1.1B), China ($1.07B), France ($393M), South Korea ($357M), and Italy ($266M).

Imports: In 2018 the top importers of Electrical control and distribution boards, > 1kV were United States ($350M), Germany ($269M), China ($217M), India ($196M), and Indonesia ($189M).

Tariffs: In 2018 the average tariff for Electrical control and distribution boards, > 1kV was 9.79%, been the 2324 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Electrical control and distribution boards, > 1kV are Iran (55%), Bahamas (41.8%), Algeria (29.2%), Bermuda (25%), and Tunisia (20%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Electrical control and distribution boards, > 1kV ranks 2370th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.1B

Top Destination (2018): United States, $350M

Electrical control and distribution boards, > 1kV are the world's 522nd most traded product.

In 2018, the top exporters of Electrical control and distribution boards, > 1kV were Germany ($1.1B), China ($1.07B), France ($393M), South Korea ($357M), and Italy ($266M).

In 2018, the top importers of Electrical control and distribution boards, > 1kV were United States ($350M), Germany ($269M), China ($217M), India ($196M), and Indonesia ($189M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): South Korea, $102M

Top Destination Growth (2017 - 2018): Germany, $114M

Between 2017 and 2018, the exports of Electrical control and distribution boards, > 1kV grew the fastest in South Korea ($102M), Indonesia ($75.7M), Thailand ($71.1M), Spain ($58.7M), and United States ($52.5M).

Between 2017 and 2018, the fastest growing importers of Electrical control and distribution boards, > 1kV were Germany ($114M), China ($79.1M), Kazakhstan ($76.8M), Spain ($55.6M), and Indonesia ($50.2M).

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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 4.56. This means that most of the exports of Electrical control and distribution boards, > 1kV are explained by 23 countries.

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TOP NET EXPORTER (2018): China, $849M

TOP NET IMPORTER (2018): United States, $187M

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 China ($849M), Germany ($832M), South Korea ($296M), France ($279M), and Italy ($211M).

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 ($187M), Egypt ($166M), Kazakhstan ($138M), United Arab Emirates ($138M), and Qatar ($135M).

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 9.79%.  The countries with the highest tariffs for importing Electrical control and distribution boards, > 1kV were Iran (55%), Bahamas (41.8%), Algeria (29.2%), Bermuda (25%), and Tunisia (20%).

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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.