HS Icon Electrical Insulators

8546 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.5B, Rnk 676 / 1225

Top Exporter (2018): $670M, China

Top Importer (2018): $333M, United States

Product Complexity (2018): 0.86, Rnk 216 / 1018

Export Growth (CAGR)(2017 - 2018): 17.1%, Rnk 421 / 1225

Mean Tariff (2018): 7.57%, Rnk 581 / 1259

Share of World Trade (2018): 0.014%, Rnk 676 / 1225

Overview: In 2018, Electrical Insulators were the world's 676th most traded product, with a total trade of $2.5B. Between 2017 and 2018 the exports of Electrical Insulators grew by 17.1%, from  $2.13B to $2.5B. Trade in Electrical Insulators represent 0.014% of total world trade.

Exports: In 2018 the top exporters of Electrical Insulators  were China ($670M), Germany ($282M), United States ($192M), Italy ($170M), and Japan ($102M).

Imports: In 2018 the top importers of Electrical Insulators were United States ($333M), China ($173M), Germany ($153M), Mexico ($128M), and India ($80.2M).

Tariffs: In 2018 the average tariff for Electrical Insulators was 7.57%, been the 581 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electrical Insulators are Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Iran (21.8%), and Pakistan (19.9%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking: Electrical Insulators ranks 216th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $670M

Top Destination (2018): United States, $333M

Electrical Insulators are the world's 676th most traded product.

In 2018, the top exporters of Electrical Insulators were China ($670M), Germany ($282M), United States ($192M), Italy ($170M), and Japan ($102M).

In 2018, the top importers of Electrical Insulators were United States ($333M), China ($173M), Germany ($153M), Mexico ($128M), and India ($80.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $105M

Top Destination Growth (2017 - 2018): United States, $138M

Between 2017 and 2018, the exports of Electrical Insulators grew the fastest in China ($105M), Germany ($69.2M), United States ($34.5M), Portugal ($27.9M), and Thailand ($26.9M).

Between 2017 and 2018, the fastest growing importers of Electrical Insulators were United States ($138M), Mexico ($31.9M), Egypt ($27.2M), China ($24.6M), and Germany ($23M).

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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 Insulators.

In 2018,  market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Electrical Insulators are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $497M

TOP NET IMPORTER (2018): United States, $141M

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

In 2018, the countries that had a largest trade value in exports than in imports of Electrical Insulators were China ($497M), Germany ($129M), Italy ($102M), Japan ($61M), and Switzerland ($34.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Electrical Insulators were United States ($141M), Mexico ($75.8M), Indonesia ($57M), Brazil ($38.5M), and Egypt ($32.7M).

Trade Forecasts

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This section shows forecasts for total trade for Electrical Insulators. 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 Insulators was 7.57%.  The countries with the highest tariffs for importing Electrical Insulators were Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Iran (21.8%), and Pakistan (19.9%).

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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.