HS Icon Electric, laser and ultrasonic welding equipment nes

851580 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Electric, laser and ultrasonic welding equipment nes. In 2019, Electric, laser and ultrasonic welding equipment nes were the world's 1111th most traded product, with a total trade of $2.59B. Between 2018 and 2019 the exports of Electric, laser and ultrasonic welding equipment nes decreased by -4.48%, from $2.71B to $2.59B. Trade in Electric, laser and ultrasonic welding equipment nes represent 0.014% of total world trade.

Exports: In 2019 the top exporters of Electric, laser and ultrasonic welding equipment nes  were Germany ($694M), China ($333M), Japan ($310M), Switzerland ($210M), and United States ($209M).

Imports: In 2019 the top importers of Electric, laser and ultrasonic welding equipment nes were China ($379M), United States ($350M), Mexico ($161M), Germany ($138M), and India ($98.1M).

Tariffs: In 2018 the average tariff for Electric, laser and ultrasonic welding equipment nes was 6.56%, making it the 3370th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Electric, laser and ultrasonic welding equipment nes are Bahamas (40.2%), Iran (40%), Cambodia (35%), Bermuda (25%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Electric, laser and ultrasonic welding equipment nes ranks 143rd in the Product Complexity Index (PCI).

Description: Electric welding is the process of joining metal pieces by melting a small area of the pieces to be joined and allowing the molten metal to fill in the area around the joint. It is often used to repair pipes, although it can be used to assemble more complex structures. Laser welding is a process of joining materials by using a laser beam. It is often used for welding metals like steel, aluminum and titanium. It can be used to join thin materials, such as sheet metal, and is often used to weld seams during the manufacture of automobiles and airplanes. Ultrasonic welding is a process of joining

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $694M

Top Destination (2019): China, $379M

Electric, laser and ultrasonic welding equipment nes are the world's 1111th most traded product.

In 2019, the top exporters of Electric, laser and ultrasonic welding equipment nes were Germany ($694M), China ($333M), Japan ($310M), Switzerland ($210M), and United States ($209M).

In 2019, the top importers of Electric, laser and ultrasonic welding equipment nes were China ($379M), United States ($350M), Mexico ($161M), Germany ($138M), and India ($98.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $91.6M

Top Destination Growth (2018 - 2019): France, $22.9M

Between 2018 and 2019, the exports of Electric, laser and ultrasonic welding equipment nes grew the fastest in China ($91.6M), Netherlands ($10M), Belgium ($6.77M), Bulgaria ($4.39M), and Slovakia ($3.81M).

Between 2018 and 2019, the fastest growing importers of Electric, laser and ultrasonic welding equipment nes were France ($22.9M), China ($22.2M), Chinese Taipei ($10.2M), Slovakia ($10M), and India ($9.63M).

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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, laser and ultrasonic welding equipment nes.

In 2019,  market concentration measured using Shannon Entropy, was 3.8. This means that most of the exports of Electric, laser and ultrasonic welding equipment nes are explained by 13 countries.

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TOP NET EXPORTER (2019): Germany, $556M

TOP NET IMPORTER (2019): United States, $141M

This map shows which countries export or import more of Electric, laser and ultrasonic welding equipment nes. Each country is colored based on the difference in exports and imports of Electric, laser and ultrasonic welding equipment nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Electric, laser and ultrasonic welding equipment nes were Germany ($556M), Japan ($250M), Switzerland ($180M), South Korea ($104M), and Italy ($103M).

In 2019, the countries that had a largest trade value in imports than in exports of Electric, laser and ultrasonic welding equipment nes were United States ($141M), Mexico ($125M), India ($90.8M), Vietnam ($81.7M), and Russia ($55.8M).

Import Tariffs

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In 2018, the average tariff for importing Electric, laser and ultrasonic welding equipment nes was 6.56%. The countries with the highest tariffs for importing Electric, laser and ultrasonic welding equipment nes were Bahamas (40.2%), Iran (40%), Cambodia (35%), Bermuda (25%), and Maldives (19.6%).

Product Complexity

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Diversification Frontier

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Specialization

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.