HS Icon Ignition/other wiring sets for vehicles/aircraft/ship

854430 (Harmonized System 1992 for 6-digit)

World Trade (2018): $41.2B, Rnk 56 / 4726

Top Exporter (2018): $8.37B, Mexico

Top Importer (2018): $11.3B, United States

Product Complexity (2018): -1.2, Rnk 4207 / 4873

Export Growth (CAGR)(2017 - 2018): 15.1%, Rnk 1880 / 4726

Mean Tariff (2018): 8.49%, Rnk 2699 / 6538

Share of World Trade (2018): 0.22%, Rnk 56 / 4726

Overview:  This page contains the latest trade data of Ignition/other wiring sets for vehicles/aircraft/ship. In 2018, Ignition/other wiring sets for vehicles/aircraft/ship were the world's 56th most traded product, with a total trade of $41.2B. Between 2017 and 2018 the exports of Ignition/other wiring sets for vehicles/aircraft/ship grew by 15.1%, from  $35.8B to $41.2B. Trade in Ignition/other wiring sets for vehicles/aircraft/ship represent 0.22% of total world trade.

Exports: In 2018 the top exporters of Ignition/other wiring sets for vehicles/aircraft/ship  were Mexico ($8.37B), China ($3.16B), Romania ($3.01B), Vietnam ($2.58B), and Morocco ($2.51B).

Imports: In 2018 the top importers of Ignition/other wiring sets for vehicles/aircraft/ship were United States ($11.3B), Germany ($5.18B), Japan ($4.76B), South Korea ($1.75B), and France ($1.73B).

Tariffs: In 2018 the average tariff for Ignition/other wiring sets for vehicles/aircraft/ship was 8.49%, been the 2699 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Ignition/other wiring sets for vehicles/aircraft/ship are Iran (40%), Maldives (39.1%), Bermuda (35%), Sudan (35%), and Pakistan (31.3%). The countries with the lowest tariffs are Ghana (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Ignition/other wiring sets for vehicles/aircraft/ship ranks 4207th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Mexico, $8.37B

Top Destination (2018): United States, $11.3B

Ignition/other wiring sets for vehicles/aircraft/ship are the world's 56th most traded product.

In 2018, the top exporters of Ignition/other wiring sets for vehicles/aircraft/ship were Mexico ($8.37B), China ($3.16B), Romania ($3.01B), Vietnam ($2.58B), and Morocco ($2.51B).

In 2018, the top importers of Ignition/other wiring sets for vehicles/aircraft/ship were United States ($11.3B), Germany ($5.18B), Japan ($4.76B), South Korea ($1.75B), and France ($1.73B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Morocco, $1.42B

Top Destination Growth (2017 - 2018): Spain, $1.23B

Between 2017 and 2018, the exports of Ignition/other wiring sets for vehicles/aircraft/ship grew the fastest in Morocco ($1.42B), Mexico ($1.2B), Vietnam ($407M), Serbia ($380M), and United States ($353M).

Between 2017 and 2018, the fastest growing importers of Ignition/other wiring sets for vehicles/aircraft/ship were Spain ($1.23B), United States ($1.01B), Germany ($518M), Japan ($357M), and France ($284M).

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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 Ignition/other wiring sets for vehicles/aircraft/ship.

In 2018,  market concentration measured using Shannon Entropy, was 4.6. This means that most of the exports of Ignition/other wiring sets for vehicles/aircraft/ship are explained by 24 countries.

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TOP NET EXPORTER (2018): Mexico, $7.44B

TOP NET IMPORTER (2018): United States, $10.1B

This map shows which countries export or import more of Ignition/other wiring sets for vehicles/aircraft/ship. Each country is colored based on the difference in exports and imports of Ignition/other wiring sets for vehicles/aircraft/ship during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ignition/other wiring sets for vehicles/aircraft/ship were Mexico ($7.44B), Vietnam ($2.49B), China ($2.49B), Romania ($2.41B), and Morocco ($2.4B).

In 2018, the countries that had a largest trade value in imports than in exports of Ignition/other wiring sets for vehicles/aircraft/ship were United States ($10.1B), Japan ($4.51B), Germany ($3.72B), France ($1.36B), and United Kingdom ($1.27B).

Trade Forecasts

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This section shows forecasts for total trade for Ignition/other wiring sets for vehicles/aircraft/ship. 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 Ignition/other wiring sets for vehicles/aircraft/ship was 8.49%.  The countries with the highest tariffs for importing Ignition/other wiring sets for vehicles/aircraft/ship were Iran (40%), Maldives (39.1%), Bermuda (35%), Sudan (35%), and Pakistan (31.3%).

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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.