HS Icon Audio Alarms

8531 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $17.5B, Rnk 209 / 1217

2019
Top Exporter | Top Importer
: $4.39B | $3.06B, China | United States

2019
Product Complexity
: 0.79, Rnk 223 / 961

2018 - 2019
Export Growth (CAGR)
: -1.1%, Rnk 480 / 1217

2018
Mean Tariff
: 7.63%, Rnk 570 / 1259

 2019
Share of World Trade
: 0.096%, Rnk 209 / 1217

Overview:  This page contains the latest trade data of Audio Alarms. In 2019, Audio Alarms were the world's 209th most traded product, with a total trade of $17.5B. Between 2018 and 2019 the exports of Audio Alarms decreased by -1.1%, from  $17.7B to $17.5B. Trade in Audio Alarms represent 0.096% of total world trade.

Exports: In 2019 the top exporters of Audio Alarms  were China ($4.39B), United States ($1.73B), Germany ($1.22B), Mexico ($1.1B), and United Kingdom ($758M).

Imports: In 2019 the top importers of Audio Alarms were United States ($3.06B), Germany ($1.25B), United Kingdom ($922M), France ($920M), and Hong Kong ($796M).

Tariffs: In 2018 the average tariff for Audio Alarms was 7.63%, making it the 570th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Audio Alarms are Cambodia (35%), Iran (27.8%), Ethiopia (27.2%), Algeria (27.1%), and Hungary (25%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Audio Alarms ranks 223rd in the Product Complexity Index (PCI).

Description: Bells are used to make noise, and can be made from a variety of materials. They're usually used in the production of other goods, such as traffic signals. Sirens are also used to make noise, and can be made from a variety of materials. Indicator panels are used to display information, and can be made from a variety of materials. Burglar alarms are used to alert people that someone is trying to break into their home or business. They're usually made from a combination of metal and plastic.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $4.39B

Top Destination (2019): United States, $3.06B

Audio Alarms are the world's 209th most traded product.

In 2019, the top exporters of Audio Alarms were China ($4.39B), United States ($1.73B), Germany ($1.22B), Mexico ($1.1B), and United Kingdom ($758M).

In 2019, the top importers of Audio Alarms were United States ($3.06B), Germany ($1.25B), United Kingdom ($922M), France ($920M), and Hong Kong ($796M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $184M

Top Destination Growth (2018 - 2019): Poland, $93.3M

Between 2018 and 2019, the exports of Audio Alarms grew the fastest in Mexico ($184M), Vietnam ($160M), Netherlands ($82.6M), Philippines ($46.1M), and United Arab Emirates ($41.2M).

Between 2018 and 2019, the fastest growing importers of Audio Alarms were Poland ($93.3M), France ($89.1M), United Arab Emirates ($45.6M), Japan ($45M), and Canada ($41.4M).

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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 Audio Alarms.

In 2019,  market concentration measured using Shannon Entropy, was 4.45. This means that most of the exports of Audio Alarms are explained by 21 countries.

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TOP NET EXPORTER (2019): China, $3.96B

TOP NET IMPORTER (2019): United States, $1.33B

This map shows which countries export or import more of Audio Alarms. Each country is colored based on the difference in exports and imports of Audio Alarms during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Audio Alarms were China ($3.96B), Mexico ($533M), Chinese Taipei ($531M), Ireland ($167M), and Vietnam ($165M).

In 2019, the countries that had a largest trade value in imports than in exports of Audio Alarms were United States ($1.33B), Hong Kong ($545M), France ($479M), Canada ($235M), and Turkey ($175M).

Disaggregation

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Value

In 2019, the world most traded Audio Alarms, disaggragated by their HS6 level were Indicator panels incorporating electronic displays ($5.78B), Burglar or fire alarms and similar... ($4.85B), Parts of electric sound & visual... ($4.1B), and Electric sound or visual signalling apparatus,... ($2.75B)

Import Tariffs

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In 2018, the average tariff for importing Audio Alarms was 7.63%.  The countries with the highest tariffs for importing Audio Alarms were Cambodia (35%), Iran (27.8%), Ethiopia (27.2%), Algeria (27.1%), and Hungary (25%).

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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.