Overview: In 2018, Electrical Parts were the world's 345th most traded product, with a total trade of $9.23B. Between 2017 and 2018 the exports of Electrical Parts grew by 11.4%, from $8.28B to $9.23B. Trade in Electrical Parts represent 0.05% of total world trade.
Exports: In 2018 the top exporters of Electrical Parts were South Korea ($4.34B), China ($1.41B), Japan ($920M), Germany ($432M), and United Kingdom ($416M).
Imports: In 2018 the top importers of Electrical Parts were Vietnam ($4.28B), Hong Kong ($955M), China ($880M), United States ($463M), and Germany ($441M).
Tariffs: In 2018 the average tariff for Electrical Parts was 5.7%, been the 732 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Electrical Parts are Angola (50%), Bahamas (40.2%), Ethiopia (29.7%), Algeria (28.1%), and Syria (25.3%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).
Ranking: Electrical Parts ranks 57th in the Product Complexity Index (PCI).