HS Icon Electric conductors, nes < 80 volts, with connectors

854441 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $30.3B, Rnk 82 / 4648

2019
Top Exporter | Top Importer
: $11.3B | $5.43B, China | United States

2019
Product Complexity
: -0.54, Rnk 3417 / 4826

2018
Mean Tariff
: 2.5%, Rnk 5983 / 6538

 2019
Share of World Trade
: 0.17%, Rnk 82 / 4648

Exports: In 2019 the top exporters of Electric conductors, nes < 80 volts, with connectors  were China ($11.3B), United States ($2.43B), Germany ($2.37B), Mexico ($1.79B), and Vietnam ($1.18B).

Imports: In 2019 the top importers of Electric conductors, nes < 80 volts, with connectors were United States ($5.43B), Germany ($2.95B), Hong Kong ($2.43B), Japan ($1.46B), and Mexico ($1.45B).

Tariffs: In 2018 the average tariff for Electric conductors, nes < 80 volts, with connectors was 2.5%, making it the 5983rd lowest tariff using the HS6 product classification.

Ranking: Electric conductors, nes < 80 volts, with connectors ranks 3417th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $11.3B

Top Destination (2019): United States, $5.43B

Electric conductors, nes < 80 volts, with connectors are the world's 82nd most traded product.

In 2019, the top exporters of Electric conductors, nes < 80 volts, with connectors were China ($11.3B), United States ($2.43B), Germany ($2.37B), Mexico ($1.79B), and Vietnam ($1.18B).

In 2019, the top importers of Electric conductors, nes < 80 volts, with connectors were United States ($5.43B), Germany ($2.95B), Hong Kong ($2.43B), Japan ($1.46B), and Mexico ($1.45B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $586M

Top Destination Growth (2018 - 2019): China, $377M

Between 2018 and 2019, the exports of Electric conductors, nes < 80 volts, with connectors grew the fastest in Vietnam ($586M), Ukraine ($91.6M), Mexico ($76.8M), Singapore ($68.9M), and Morocco ($42M).

Between 2018 and 2019, the fastest growing importers of Electric conductors, nes < 80 volts, with connectors were China ($377M), Chinese Taipei ($69.1M), India ($66.6M), Singapore ($61.5M), and Belgium ($61.3M).

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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 conductors, nes < 80 volts, with connectors.

In 2019,  market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Electric conductors, nes < 80 volts, with connectors are explained by 15 countries.

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TOP NET EXPORTER (2019): China, $10.1B

TOP NET IMPORTER (2019): United States, $3B

This map shows which countries export or import more of Electric conductors, nes < 80 volts, with connectors. Each country is colored based on the difference in exports and imports of Electric conductors, nes < 80 volts, with connectors during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Electric conductors, nes < 80 volts, with connectors were China ($10.1B), Vietnam ($785M), Czechia ($493M), Tunisia ($443M), and Morocco ($351M).

In 2019, the countries that had a largest trade value in imports than in exports of Electric conductors, nes < 80 volts, with connectors were United States ($3B), Hong Kong ($2.16B), Japan ($927M), France ($781M), and Germany ($583M).

Import Tariffs

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In 2018, the average tariff for importing Electric conductors, nes < 80 volts, with connectors was 2.5%.  The countries with the highest tariffs for importing Electric conductors, nes < 80 volts, with connectors were Hungary (7.5%), Austria (5.31%), Sweden (5.3%), Finland (5.1%), and Slovenia (4.4%).

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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.