Electrical control and distribution boards, > 1kV853720 (Harmonized System 1992 for 6-digit)
World Trade (2018): $6.29B, Rnk 522 / 4726
Top Exporter (2018): $1.1B, Germany
Top Importer (2018): $350M, United States
Product Complexity (2018): 0.25, Rnk 1260 / 2722
Export Growth (CAGR)(2017 - 2018): 4.31%, Rnk 3408 / 4726
Mean Tariff (2018): 9.79%, Rnk 2324 / 6538
Share of World Trade (2018): 0.034%, Rnk 522 / 4726
Overview: This page contains the latest trade data of Electrical control and distribution boards, > 1kV. In 2018, Electrical control and distribution boards, > 1kV were the world's 522nd most traded product, with a total trade of $6.29B. Between 2017 and 2018 the exports of Electrical control and distribution boards, > 1kV grew by 4.31%, from $6.03B to $6.29B. Trade in Electrical control and distribution boards, > 1kV represent 0.034% of total world trade.
Exports: In 2018 the top exporters of Electrical control and distribution boards, > 1kV were Germany ($1.1B), China ($1.07B), France ($393M), South Korea ($357M), and Italy ($266M).
Imports: In 2018 the top importers of Electrical control and distribution boards, > 1kV were United States ($350M), Germany ($269M), China ($217M), India ($196M), and Indonesia ($189M).
Tariffs: In 2018 the average tariff for Electrical control and distribution boards, > 1kV was 9.79%, making it the 2324th lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Electrical control and distribution boards, > 1kV are Iran (55%), Bahamas (41.8%), Algeria (29.2%), Bermuda (25%), and Tunisia (20%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Electrical control and distribution boards, > 1kV ranks 1260th in the Product Complexity Index (PCI).
Description: An electrical control and distribution board is used to distribute power to electrical devices and equipment. It has a number of connections, or terminals, for making connections to the power source (a generator, for example).
Trade By Country
Top Origin (2018): Germany, $1.1B
Top Destination (2018): United States, $350M
Electrical control and distribution boards, > 1kV are the world's 522nd most traded product.
In 2018, the top exporters of Electrical control and distribution boards, > 1kV were Germany ($1.1B), China ($1.07B), France ($393M), South Korea ($357M), and Italy ($266M).
In 2018, the top importers of Electrical control and distribution boards, > 1kV were United States ($350M), Germany ($269M), China ($217M), India ($196M), and Indonesia ($189M).
Trade by country
Top Origin Growth (2017 - 2018): South Korea, $102M
Top Destination Growth (2017 - 2018): Germany, $114M
Between 2017 and 2018, the exports of Electrical control and distribution boards, > 1kV grew the fastest in South Korea ($102M), Indonesia ($75.7M), Thailand ($71.1M), Spain ($58.7M), and United States ($52.5M).
Between 2017 and 2018, the fastest growing importers of Electrical control and distribution boards, > 1kV were Germany ($114M), China ($79.1M), Kazakhstan ($76.8M), Spain ($55.6M), and Indonesia ($50.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Electrical control and distribution boards, > 1kV.
In 2018, market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Electrical control and distribution boards, > 1kV are explained by 23 countries.
TOP NET EXPORTER (2018): China, $849M
TOP NET IMPORTER (2018): United States, $187M
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Electrical control and distribution boards, > 1kV were China ($849M), Germany ($832M), South Korea ($296M), France ($279M), and Italy ($211M).
In 2018, the countries that had a largest trade value in imports than in exports of Electrical control and distribution boards, > 1kV were United States ($187M), Egypt ($166M), Kazakhstan ($138M), United Arab Emirates ($138M), and Qatar ($135M).
In 2018, the average tariff for importing Electrical control and distribution boards, > 1kV was 9.79%. The countries with the highest tariffs for importing Electrical control and distribution boards, > 1kV were Iran (55%), Bahamas (41.8%), Algeria (29.2%), Bermuda (25%), and Tunisia (20%).
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.
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