HS Icon Electric Generating Sets

8502 (Harmonized System 1992 for 4-digit)

World Trade (2018): $21.6B, Rnk 174 / 1225

Top Exporter (2018): $4.54B, China

Top Importer (2018): $2.06B, United States

Export Growth (CAGR)(2017 - 2018): 11.2%, Rnk 710 / 1225

Mean Tariff (2018): 5.49%, Rnk 752 / 1259

Share of World Trade (2018): 0.12%, Rnk 174 / 1225

Overview:  This page contains the latest trade data of Electric Generating Sets. In 2018, Electric Generating Sets were the world's 174th most traded product, with a total trade of $21.6B. Between 2017 and 2018 the exports of Electric Generating Sets grew by 11.2%, from  $19.4B to $21.6B. Trade in Electric Generating Sets represent 0.12% of total world trade.

Exports: In 2018 the top exporters of Electric Generating Sets  were China ($4.54B), Germany ($3.33B), Denmark ($2.06B), Spain ($1.47B), and United States ($1.4B).

Imports: In 2018 the top importers of Electric Generating Sets were United States ($2.06B), Germany ($1.2B), United Kingdom ($930M), France ($841M), and Australia ($790M).

Tariffs: In 2018 the average tariff for Electric Generating Sets was 5.49%, been the 752 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electric Generating Sets are Bermuda (26.3%), Maldives (19.6%), Iran (17.2%), Finland (15%), and Brazil (12.5%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $4.54B

Top Destination (2018): United States, $2.06B

Electric Generating Sets are the world's 174th most traded product.

In 2018, the top exporters of Electric Generating Sets were China ($4.54B), Germany ($3.33B), Denmark ($2.06B), Spain ($1.47B), and United States ($1.4B).

In 2018, the top importers of Electric Generating Sets were United States ($2.06B), Germany ($1.2B), United Kingdom ($930M), France ($841M), and Australia ($790M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $1.18B

Top Destination Growth (2017 - 2018): Germany, $596M

Between 2017 and 2018, the exports of Electric Generating Sets grew the fastest in Germany ($1.18B), China ($587M), United Arab Emirates ($359M), United States ($123M), and Brazil ($103M).

Between 2017 and 2018, the fastest growing importers of Electric Generating Sets were Germany ($596M), United States ($526M), France ($331M), Bangladesh ($243M), and Netherlands ($236M).

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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 Generating Sets.

In 2018,  market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Electric Generating Sets are explained by 18 countries.

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TOP NET EXPORTER (2018): China, $3.98B

TOP NET IMPORTER (2018): Australia, $743M

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

In 2018, the countries that had a largest trade value in exports than in imports of Electric Generating Sets were China ($3.98B), Germany ($2.14B), Denmark ($1.98B), Spain ($1.24B), and Finland ($542M).

In 2018, the countries that had a largest trade value in imports than in exports of Electric Generating Sets were Australia ($743M), Indonesia ($707M), United States ($665M), Mexico ($631M), and Canada ($541M).

Trade Forecasts

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This section shows forecasts for total trade for Electric Generating Sets. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Electric Generating Sets was 5.49%.  The countries with the highest tariffs for importing Electric Generating Sets were Bermuda (26.3%), Maldives (19.6%), Iran (17.2%), Finland (15%), and Brazil (12.5%).

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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.