HS Icon Electric conductors, nes < 80 volts, no connectors

854449 (Harmonized System 1992 for 6-digit)

World Trade (2018): $29.2B, Rnk 85 / 4726

Top Exporter (2018): $4.73B, China

Top Importer (2018): $2.54B, Germany

Product Complexity (2018): -0.24, Rnk 3006 / 4873

Export Growth (CAGR)(2017 - 2018): 16.6%, Rnk 1710 / 4726

Mean Tariff (2018): 8.41%, Rnk 2718 / 6538

Share of World Trade (2018): 0.16%, Rnk 85 / 4726

Overview:  This page contains the latest trade data of Electric conductors, nes < 80 volts, no connectors. In 2018, Electric conductors, nes < 80 volts, no connectors were the world's 85th most traded product, with a total trade of $29.2B. Between 2017 and 2018 the exports of Electric conductors, nes < 80 volts, no connectors grew by 16.6%, from  $25B to $29.2B. Trade in Electric conductors, nes < 80 volts, no connectors represent 0.16% of total world trade.

Exports: In 2018 the top exporters of Electric conductors, nes < 80 volts, no connectors  were China ($4.73B), Germany ($2.68B), United States ($2.59B), Italy ($2.05B), and Turkey ($1.45B).

Imports: In 2018 the top importers of Electric conductors, nes < 80 volts, no connectors were Germany ($2.54B), United States ($2.12B), Mexico ($1.62B), United Kingdom ($1.35B), and China ($1.16B).

Tariffs: In 2018 the average tariff for Electric conductors, nes < 80 volts, no connectors was 8.41%, been the 2718 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Electric conductors, nes < 80 volts, no connectors are Iran (40%), Sudan (35%), Argentina (33.4%), Bahamas (31.6%), and Fiji (31.1%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Nepal (0%), and Singapore (0%).

Ranking: Electric conductors, nes < 80 volts, no connectors ranks 3006th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $4.73B

Top Destination (2018): Germany, $2.54B

Electric conductors, nes < 80 volts, no connectors are the world's 85th most traded product.

In 2018, the top exporters of Electric conductors, nes < 80 volts, no connectors were China ($4.73B), Germany ($2.68B), United States ($2.59B), Italy ($2.05B), and Turkey ($1.45B).

In 2018, the top importers of Electric conductors, nes < 80 volts, no connectors were Germany ($2.54B), United States ($2.12B), Mexico ($1.62B), United Kingdom ($1.35B), and China ($1.16B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $454M

Top Destination Growth (2017 - 2018): Germany, $490M

Between 2017 and 2018, the exports of Electric conductors, nes < 80 volts, no connectors grew the fastest in China ($454M), Germany ($434M), Italy ($329M), Morocco ($319M), and Turkey ($199M).

Between 2017 and 2018, the fastest growing importers of Electric conductors, nes < 80 volts, no connectors were Germany ($490M), France ($240M), Canada ($221M), Spain ($214M), and United Kingdom ($200M).

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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 Electric conductors, nes < 80 volts, no connectors.

In 2018,  market concentration measured using Shannon Entropy, was 4.87. This means that most of the exports of Electric conductors, nes < 80 volts, no connectors are explained by 29 countries.

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TOP NET EXPORTER (2018): China, $3.57B

TOP NET IMPORTER (2018): United Kingdom, $770M

This map shows which countries export or import more of Electric conductors, nes < 80 volts, no connectors. Each country is colored based on the difference in exports and imports of Electric conductors, nes < 80 volts, no connectors during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Electric conductors, nes < 80 volts, no connectors were China ($3.57B), Italy ($1.64B), Turkey ($1.28B), South Korea ($685M), and United States ($470M).

In 2018, the countries that had a largest trade value in imports than in exports of Electric conductors, nes < 80 volts, no connectors were United Kingdom ($770M), Hong Kong ($744M), Mexico ($462M), Australia ($448M), and Canada ($403M).

Trade Forecasts

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This section shows forecasts for total trade for Electric conductors, nes < 80 volts, no connectors. 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 Electric conductors, nes < 80 volts, no connectors was 8.41%.  The countries with the highest tariffs for importing Electric conductors, nes < 80 volts, no connectors were Iran (40%), Sudan (35%), Argentina (33.4%), Bahamas (31.6%), and Fiji (31.1%).

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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.