HS Icon Electrical apparatus for voltage > 1kV, nes

853590 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Electrical apparatus for voltage > 1kV, nes. In 2019, Electrical apparatus for voltage > 1kV, nes were the world's 796th most traded product, with a total trade of $3.88B. Between 2018 and 2019 the exports of Electrical apparatus for voltage > 1kV, nes decreased by -1.51%, from $3.94B to $3.88B. Trade in Electrical apparatus for voltage > 1kV, nes represent 0.021% of total world trade.

Exports: In 2019 the top exporters of Electrical apparatus for voltage > 1kV, nes  were Germany ($1.1B), United States ($376M), China ($368M), Switzerland ($192M), and Mexico ($160M).

Imports: In 2019 the top importers of Electrical apparatus for voltage > 1kV, nes were China ($449M), United States ($350M), Germany ($266M), Mexico ($108M), and Singapore ($108M).

Tariffs: In 2018 the average tariff for Electrical apparatus for voltage > 1kV, nes was 7.85%, making it the 2895th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Electrical apparatus for voltage > 1kV, nes are Bahamas (40.2%), Iran (30%), Algeria (29.2%), Bermuda (25%), and Mauritania (20%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Electrical apparatus for voltage > 1kV, nes ranks 1243rd in the Product Complexity Index (PCI).

Description: There are a number of electrical apparatus for voltage of 1 kV or higher, such as large transformers, which are used to increase or decrease the voltage of an electrical power supply.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $1.1B

Top Destination (2019): China, $449M

Electrical apparatus for voltage > 1kV, nes are the world's 796th most traded product.

In 2019, the top exporters of Electrical apparatus for voltage > 1kV, nes were Germany ($1.1B), United States ($376M), China ($368M), Switzerland ($192M), and Mexico ($160M).

In 2019, the top importers of Electrical apparatus for voltage > 1kV, nes were China ($449M), United States ($350M), Germany ($266M), Mexico ($108M), and Singapore ($108M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Poland, $54.4M

Top Destination Growth (2018 - 2019): China, $33.4M

Between 2018 and 2019, the exports of Electrical apparatus for voltage > 1kV, nes grew the fastest in Poland ($54.4M), China ($50.1M), United States ($44.1M), Switzerland ($15M), and India ($11.2M).

Between 2018 and 2019, the fastest growing importers of Electrical apparatus for voltage > 1kV, nes were China ($33.4M), Vietnam ($23M), Iraq ($20.3M), Philippines ($17M), and Turkey ($15.2M).

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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 Electrical apparatus for voltage > 1kV, nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Electrical apparatus for voltage > 1kV, nes are explained by 18 countries.

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TOP NET EXPORTER (2019): Germany, $831M

TOP NET IMPORTER (2019): China, $81.3M

This map shows which countries export or import more of Electrical apparatus for voltage > 1kV, nes. Each country is colored based on the difference in exports and imports of Electrical apparatus for voltage > 1kV, nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Electrical apparatus for voltage > 1kV, nes were Germany ($831M), Switzerland ($162M), Hungary ($106M), Poland ($59.7M), and Mexico ($51.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Electrical apparatus for voltage > 1kV, nes were China ($81.3M), Indonesia ($70.5M), Philippines ($64.8M), Malaysia ($63.3M), and Vietnam ($57.1M).

Import Tariffs

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In 2018, the average tariff for importing Electrical apparatus for voltage > 1kV, nes was 7.85%. The countries with the highest tariffs for importing Electrical apparatus for voltage > 1kV, nes were Bahamas (40.2%), Iran (30%), Algeria (29.2%), Bermuda (25%), and Mauritania (20%).

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.