HS Icon Electrical energy

271600 (Harmonized System 1992 for 6-digit)

World Trade (2018): $12.1B, Rnk 243 / 4726

Top Exporter (2018): $2B, France

Top Importer (2018): $3.83B, Italy

Product Complexity (2018): -0.65, Rnk 3569 / 4873

Export Growth (CAGR)(2017 - 2018): 116%, Rnk 74 / 4726

Mean Tariff (2018): 2.05%, Rnk 6181 / 6538

Share of World Trade (2018): 0.066%, Rnk 243 / 4726

Overview:  This page contains the latest trade data of Electrical energy. In 2018, Electrical energy were the world's 243rd most traded product, with a total trade of $12.1B. Between 2017 and 2018 the exports of Electrical energy grew by 116%, from  $5.61B to $12.1B. Trade in Electrical energy represent 0.066% of total world trade.

Exports: In 2018 the top exporters of Electrical energy  were France ($2B), Laos ($1.41B), Germany ($1.04B), Norway ($973M), and Switzerland ($951M).

Imports: In 2018 the top importers of Electrical energy were Italy ($3.83B), United Kingdom ($1.54B), Thailand ($1.41B), Croatia ($637M), and Sweden ($487M).

Tariffs: In 2018 the average tariff for Electrical energy was 2.05%, been the 6181 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Electrical energy are Bermuda (25%), Madagascar (17.2%), Algeria (12.2%), Ethiopia (9.9%), and Cameroon (9.81%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mozambique (0%), and Rwanda (0%).

Ranking: Electrical energy ranks 3569th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): France, $2B

Top Destination (2018): Italy, $3.83B

Electrical energy are the world's 243rd most traded product.

In 2018, the top exporters of Electrical energy were France ($2B), Laos ($1.41B), Germany ($1.04B), Norway ($973M), and Switzerland ($951M).

In 2018, the top importers of Electrical energy were Italy ($3.83B), United Kingdom ($1.54B), Thailand ($1.41B), Croatia ($637M), and Sweden ($487M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Laos, $1.41B

Top Destination Growth (2017 - 2018): Italy, $1.61B

Between 2017 and 2018, the exports of Electrical energy grew the fastest in Laos ($1.41B), Norway ($973M), Switzerland ($951M), Slovenia ($386M), and Germany ($309M).

Between 2017 and 2018, the fastest growing importers of Electrical energy were Italy ($1.61B), Thailand ($1.41B), Sweden ($487M), United Kingdom ($479M), and Croatia ($446M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Electrical energy.

In 2018,  market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Electrical energy are explained by 20 countries.

Explore Visualizations

TOP NET EXPORTER (2018): France, $1.9B

TOP NET IMPORTER (2018): Italy, $3.48B

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

In 2018, the countries that had a largest trade value in exports than in imports of Electrical energy were France ($1.9B), Laos ($1.39B), Germany ($931M), Switzerland ($883M), and Norway ($626M).

In 2018, the countries that had a largest trade value in imports than in exports of Electrical energy were Italy ($3.48B), United Kingdom ($1.35B), Thailand ($1.32B), Croatia ($366M), and Sweden ($274M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Electrical energy. 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 Electrical energy was 2.05%.  The countries with the highest tariffs for importing Electrical energy were Bermuda (25%), Madagascar (17.2%), Algeria (12.2%), Ethiopia (9.9%), and Cameroon (9.81%).

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.