HS Icon Electrical control and distribution boards, < 1kV

853710 (Harmonized System 1992 for 6-digit)

World Trade (2019): $62.4B, Rnk 33 / 4648

Top Exporter (2019): $12.6B, Germany

Top Importer (2019): $12.7B, United States

Product Complexity (2019): 0.22, Rnk 2223 / 4826

Export Growth (CAGR)(2018 - 2019): 0.081%, Rnk 1512 / 4648

Mean Tariff (2018): 7.88%, Rnk 2879 / 6538

Share of World Trade (2019): 0.34%, Rnk 33 / 4648

Overview:  This page contains the latest trade data of Electrical control and distribution boards, < 1kV. In 2019, Electrical control and distribution boards, < 1kV were the world's 33rd most traded product, with a total trade of $62.4B. Between 2018 and 2019 the exports of Electrical control and distribution boards, < 1kV grew by 0.081%, from  $62.4B to $62.4B. Trade in Electrical control and distribution boards, < 1kV represent 0.34% of total world trade.

Exports: In 2019 the top exporters of Electrical control and distribution boards, < 1kV  were Germany ($12.6B), China ($8.52B), United States ($5.62B), Mexico ($5.52B), and Japan ($3.08B).

Imports: In 2019 the top importers of Electrical control and distribution boards, < 1kV were United States ($12.7B), Germany ($6.68B), China ($6.23B), France ($1.91B), and Mexico ($1.84B).

Tariffs: In 2018 the average tariff for Electrical control and distribution boards, < 1kV was 7.88%, making it the 2879th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Electrical control and distribution boards, < 1kV are Bahamas (40.2%), Iran (38%), Pakistan (29.9%), Algeria (29.2%), and Bermuda (25%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Armenia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Electrical control and distribution boards, < 1kV ranks 2223rd in the Product Complexity Index (PCI).

Description: The electrical control and distribution boards are used for the distribution of electricity from the main distribution board to the circuits and equipment. They are also used for the protection of the electrical devices.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $12.6B

Top Destination (2019): United States, $12.7B

Electrical control and distribution boards, < 1kV are the world's 33rd most traded product.

In 2019, the top exporters of Electrical control and distribution boards, < 1kV were Germany ($12.6B), China ($8.52B), United States ($5.62B), Mexico ($5.52B), and Japan ($3.08B).

In 2019, the top importers of Electrical control and distribution boards, < 1kV were United States ($12.7B), Germany ($6.68B), China ($6.23B), France ($1.91B), and Mexico ($1.84B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $487M

Top Destination Growth (2018 - 2019): United States, $762M

Between 2018 and 2019, the exports of Electrical control and distribution boards, < 1kV grew the fastest in Mexico ($487M), China ($266M), Germany ($178M), Hungary ($166M), and Malaysia ($123M).

Between 2018 and 2019, the fastest growing importers of Electrical control and distribution boards, < 1kV were United States ($762M), Netherlands ($225M), Hungary ($137M), Singapore ($131M), and Romania ($114M).

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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 control and distribution boards, < 1kV.

In 2019,  market concentration measured using Shannon Entropy, was 4.43. This means that most of the exports of Electrical control and distribution boards, < 1kV are explained by 21 countries.

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TOP NET EXPORTER (2019): Germany, $5.89B

TOP NET IMPORTER (2019): United States, $7.07B

This map shows which countries export or import more of Electrical control and distribution boards, < 1kV. Each country is colored based on the difference in exports and imports of Electrical control and distribution boards, < 1kV during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Electrical control and distribution boards, < 1kV were Germany ($5.89B), Mexico ($3.69B), China ($2.29B), Romania ($1.72B), and Hungary ($1.66B).

In 2019, the countries that had a largest trade value in imports than in exports of Electrical control and distribution boards, < 1kV were United States ($7.07B), Hong Kong ($1.01B), Poland ($777M), Spain ($732M), and Russia ($708M).

Import Tariffs

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In 2018, the average tariff for importing Electrical control and distribution boards, < 1kV was 7.88%.  The countries with the highest tariffs for importing Electrical control and distribution boards, < 1kV were Bahamas (40.2%), Iran (38%), Pakistan (29.9%), Algeria (29.2%), and Bermuda (25%).

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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.