HS Icon Parts, electric switches, protectors & connectors nes

853890 (Harmonized System 1992 for 6-digit)

World Trade (2018): $32.3B, Rnk 75 / 4726

Top Exporter (2018): $5.78B, Germany

Top Importer (2018): $3.98B, China

Product Complexity (2018): 1.02, Rnk 745 / 4873

Export Growth (CAGR)(2017 - 2018): 41.6%, Rnk 472 / 4726

Mean Tariff (2018): 8.03%, Rnk 2834 / 6538

Share of World Trade (2018): 0.18%, Rnk 75 / 4726

Overview:  This page contains the latest trade data of Parts, electric switches, protectors & connectors nes. In 2018, Parts, electric switches, protectors & connectors nes were the world's 75th most traded product, with a total trade of $32.3B. Between 2017 and 2018 the exports of Parts, electric switches, protectors & connectors nes grew by 41.6%, from  $22.8B to $32.3B. Trade in Parts, electric switches, protectors & connectors nes represent 0.18% of total world trade.

Exports: In 2018 the top exporters of Parts, electric switches, protectors & connectors nes  were Germany ($5.78B), China ($4.14B), United States ($3.88B), Japan ($3B), and South Korea ($1.65B).

Imports: In 2018 the top importers of Parts, electric switches, protectors & connectors nes were China ($3.98B), United States ($3.65B), Mexico ($3.38B), Germany ($2.46B), and France ($1.08B).

Tariffs: In 2018 the average tariff for Parts, electric switches, protectors & connectors nes was 8.03%, been the 2834 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts, electric switches, protectors & connectors nes are Bahamas (40.2%), Iran (27.5%), Algeria (26.6%), Bermuda (25%), and Finland (20%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking: Parts, electric switches, protectors & connectors nes ranks 745th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $5.78B

Top Destination (2018): China, $3.98B

Parts, electric switches, protectors & connectors nes are the world's 75th most traded product.

In 2018, the top exporters of Parts, electric switches, protectors & connectors nes were Germany ($5.78B), China ($4.14B), United States ($3.88B), Japan ($3B), and South Korea ($1.65B).

In 2018, the top importers of Parts, electric switches, protectors & connectors nes were China ($3.98B), United States ($3.65B), Mexico ($3.38B), Germany ($2.46B), and France ($1.08B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $2.77B

Top Destination Growth (2017 - 2018): United States, $3.65B

Between 2017 and 2018, the exports of Parts, electric switches, protectors & connectors nes grew the fastest in United States ($2.77B), Mexico ($1.31B), Germany ($1.17B), China ($1.01B), and Singapore ($594M).

Between 2017 and 2018, the fastest growing importers of Parts, electric switches, protectors & connectors nes were United States ($3.65B), Mexico ($3.38B), Singapore ($501M), Germany ($452M), and Australia ($163M).

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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 Parts, electric switches, protectors & connectors nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Parts, electric switches, protectors & connectors nes are explained by 20 countries.

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TOP NET EXPORTER (2018): Germany, $3.32B

TOP NET IMPORTER (2018): Mexico, $2.07B

This map shows which countries export or import more of Parts, electric switches, protectors & connectors nes. Each country is colored based on the difference in exports and imports of Parts, electric switches, protectors & connectors nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts, electric switches, protectors & connectors nes were Germany ($3.32B), Japan ($2.2B), South Korea ($876M), Austria ($374M), and Switzerland ($314M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts, electric switches, protectors & connectors nes were Mexico ($2.07B), Hong Kong ($850M), Romania ($325M), Vietnam ($299M), and Indonesia ($261M).

Trade Forecasts

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This section shows forecasts for total trade for Parts, electric switches, protectors & connectors nes. 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 Parts, electric switches, protectors & connectors nes was 8.03%.  The countries with the highest tariffs for importing Parts, electric switches, protectors & connectors nes were Bahamas (40.2%), Iran (27.5%), Algeria (26.6%), Bermuda (25%), and Finland (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.