HS Icon Insulated Wire

8544 (Harmonized System 1992 for 4-digit)

World Trade (2018): $133B, Rnk 17 / 1225

Top Exporter (2018): $25.6B, China

Top Importer (2018): $23.2B, United States

Product Complexity (2018): -0.64, Rnk 732 / 1018

Export Growth (CAGR)(2017 - 2018): 17.2%, Rnk 417 / 1225

Mean Tariff (2018): 7.78%, Rnk 562 / 1259

Share of World Trade (2018): 0.73%, Rnk 17 / 1225

Overview: In 2018, Insulated Wire were the world's 17th most traded product, with a total trade of $133B. Between 2017 and 2018 the exports of Insulated Wire grew by 17.2%, from  $114B to $133B. Trade in Insulated Wire represent 0.73% of total world trade.

Exports: In 2018 the top exporters of Insulated Wire  were China ($25.6B), Mexico ($14.1B), United States ($9.95B), Germany ($9.06B), and Romania ($4.75B).

Imports: In 2018 the top importers of Insulated Wire were United States ($23.2B), Germany ($12.3B), Japan ($7.24B), Mexico ($7.07B), and France ($5.38B).

Tariffs: In 2018 the average tariff for Insulated Wire was 7.78%, been the 562 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Insulated Wire are Sudan (35%), Iran (30.3%), Ethiopia (29.7%), Bermuda (26.3%), and Pakistan (23%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Insulated Wire ranks 732nd in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $25.6B

Top Destination (2018): United States, $23.2B

Insulated Wire are the world's 17th most traded product.

In 2018, the top exporters of Insulated Wire were China ($25.6B), Mexico ($14.1B), United States ($9.95B), Germany ($9.06B), and Romania ($4.75B).

In 2018, the top importers of Insulated Wire were United States ($23.2B), Germany ($12.3B), Japan ($7.24B), Mexico ($7.07B), and France ($5.38B).

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $2.49B

Top Destination Growth (2017 - 2018): United States, $3.44B

Between 2017 and 2018, the exports of Insulated Wire grew the fastest in Mexico ($2.49B), Morocco ($1.99B), Germany ($1.87B), United States ($1.77B), and Vietnam ($1.02B).

Between 2017 and 2018, the fastest growing importers of Insulated Wire were United States ($3.44B), Spain ($1.57B), Germany ($1.41B), France ($1.17B), and Netherlands ($718M).

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Insulated Wire.

In 2018,  market concentration measured using Shannon Entropy, was 4.86. This means that most of the exports of Insulated Wire are explained by 29 countries.

TOP NET EXPORTER (2018): China, $21.5B

TOP NET IMPORTER (2018): United States, $13.3B

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

In 2018, the countries that had a largest trade value in exports than imports of Insulated Wire were China ($21.5B), Mexico ($7.06B), Morocco ($2.9B), Vietnam ($2.84B), and Romania ($2.56B).

In 2018, the countries that had a largest trade value in imports than exports of Insulated Wire were United States ($13.3B), Japan ($4.93B), Hong Kong ($3.44B), Germany ($3.22B), and United Kingdom ($3.2B).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Insulated Wire. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Insulated Wire was 7.78%.  The countries with the highest tariffs for importing Insulated Wire were Sudan (35%), Iran (30.3%), Ethiopia (29.7%), Bermuda (26.3%), and Pakistan (23%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.