HS Icon Electric Batteries

8507 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $59.6B, Rnk 47 / 1217

2019
Top Exporter | Top Importer
: $17.2B | $7.86B, China | United States

2019
Product Complexity
: 0.88, Rnk 195 / 961

2018 - 2019
Export Growth (CAGR)
: 10.1%, Rnk 77 / 1217

2018
Mean Tariff
: 8.94%, Rnk 481 / 1259

 2019
Share of World Trade
: 0.33%, Rnk 47 / 1217

Overview:  This page contains the latest trade data of Electric Batteries. In 2019, Electric Batteries were the world's 47th most traded product, with a total trade of $59.6B. Between 2018 and 2019 the exports of Electric Batteries grew by 10.1%, from  $54.2B to $59.6B. Trade in Electric Batteries represent 0.33% of total world trade.

Exports: In 2019 the top exporters of Electric Batteries  were China ($17.2B), South Korea ($7.53B), Japan ($4.59B), Germany ($4.18B), and United States ($3.76B).

Imports: In 2019 the top importers of Electric Batteries were United States ($7.86B), Germany ($5.47B), China ($3.54B), Hong Kong ($3.31B), and France ($2.55B).

Tariffs: In 2018 the average tariff for Electric Batteries was 8.94%, making it the 481st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electric Batteries are Bermuda (35%), Maldives (34.2%), Fiji (31.1%), Cambodia (28.3%), and Bahamas (27.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Electric Batteries ranks 195th in the Product Complexity Index (PCI).

Description: Electric accumulators are used to store electricity for use in electrical devices. They can be made from a variety of materials, including lead acid, nickel cadmium, and lithium ion.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $17.2B

Top Destination (2019): United States, $7.86B

Electric Batteries are the world's 47th most traded product.

In 2019, the top exporters of Electric Batteries were China ($17.2B), South Korea ($7.53B), Japan ($4.59B), Germany ($4.18B), and United States ($3.76B).

In 2019, the top importers of Electric Batteries were United States ($7.86B), Germany ($5.47B), China ($3.54B), Hong Kong ($3.31B), and France ($2.55B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $2.1B

Top Destination Growth (2018 - 2019): Germany, $718M

Between 2018 and 2019, the exports of Electric Batteries grew the fastest in China ($2.1B), Poland ($1.3B), South Korea ($655M), Germany ($633M), and Hungary ($553M).

Between 2018 and 2019, the fastest growing importers of Electric Batteries were Germany ($718M), Poland ($675M), Vietnam ($442M), Belgium ($436M), and China ($399M).

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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 Batteries.

In 2019,  market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Electric Batteries are explained by 16 countries.

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TOP NET EXPORTER (2019): China, $13.6B

TOP NET IMPORTER (2019): United States, $4.09B

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

In 2019, the countries that had a largest trade value in exports than in imports of Electric Batteries were China ($13.6B), South Korea ($5.77B), Japan ($2.9B), Poland ($895M), and Hungary ($540M).

In 2019, the countries that had a largest trade value in imports than in exports of Electric Batteries were United States ($4.09B), Hong Kong ($2.39B), France ($1.45B), United Kingdom ($1.34B), and Germany ($1.29B).

Disaggregation

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Value

In 2019, the world most traded Electric Batteries, disaggragated by their HS6 level were Electric accumulators, nes ($35.1B), Lead-acid electric accumulators (vehicle) ($10.7B), Lead-acid electric accumulators except for vehicles ($7.95B), Parts of electric accumulators, including separators ($4.86B), and Nickel-cadmium electric accumulators ($972M)

Import Tariffs

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In 2018, the average tariff for importing Electric Batteries was 8.94%.  The countries with the highest tariffs for importing Electric Batteries were Bermuda (35%), Maldives (34.2%), Fiji (31.1%), Cambodia (28.3%), and Bahamas (27.7%).

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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.