HS Icon Electrical Control Boards

8537 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Electrical Control Boards. In 2019, Electrical Control Boards were the world's 39th most traded product, with a total trade of $69B. Between 2018 and 2019 the exports of Electrical Control Boards grew by 0.33%, from $68.8B to $69B. Trade in Electrical Control Boards represent 0.38% of total world trade.

Exports: In 2019 the top exporters of Electrical Control Boards  were Germany ($13.7B), China ($9.72B), United States ($5.88B), Mexico ($5.65B), and Japan ($3.2B).

Imports: In 2019 the top importers of Electrical Control Boards were United States ($13B), Germany ($6.94B), China ($6.42B), France ($2.02B), and United Kingdom ($1.92B).

Tariffs: In 2018 the average tariff for Electrical Control Boards was 8.84%, making it the 489th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electrical Control Boards are Iran (46.5%), Bahamas (41%), Algeria (29.2%), Pakistan (27.4%), 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 Boards ranks 365th in the Product Complexity Index (PCI).

Description: These are used in the production of other goods. They can be made from a variety of materials, including wood, plastic, and metal.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $13.7B

Top Destination (2019): United States, $13B

Electrical Control Boards are the world's 39th most traded product.

In 2019, the top exporters of Electrical Control Boards were Germany ($13.7B), China ($9.72B), United States ($5.88B), Mexico ($5.65B), and Japan ($3.2B).

In 2019, the top importers of Electrical Control Boards were United States ($13B), Germany ($6.94B), China ($6.42B), France ($2.02B), and United Kingdom ($1.92B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $473M

Top Destination Growth (2018 - 2019): United States, $774M

Between 2018 and 2019, the exports of Electrical Control Boards grew the fastest in Mexico ($473M), China ($402M), Germany ($183M), Indonesia ($182M), and Hungary ($174M).

Between 2018 and 2019, the fastest growing importers of Electrical Control Boards were United States ($774M), Netherlands ($272M), Singapore ($188M), Bulgaria ($164M), and Hungary ($153M).

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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 Boards.

In 2019,  market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Electrical Control Boards are explained by 22 countries.

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TOP NET EXPORTER (2019): Germany, $6.73B

TOP NET IMPORTER (2019): United States, $7.17B

This map shows which countries export or import more of Electrical Control Boards. Each country is colored based on the difference in exports and imports of Electrical Control Boards during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Electrical Control Boards were Germany ($6.73B), Mexico ($3.73B), China ($3.3B), Romania ($1.7B), and Hungary ($1.68B).

In 2019, the countries that had a largest trade value in imports than in exports of Electrical Control Boards were United States ($7.17B), Hong Kong ($1.05B), Russia ($789M), Canada ($691M), and Poland ($638M).

Disaggregation

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Value

In 2019, the world most traded Electrical Control Boards, disaggragated by their HS6 level were Electrical control and distribution boards, <... ($62.4B) and Electrical control and distribution boards, >... ($6.56B)

Import Tariffs

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In 2018, the average tariff for importing Electrical Control Boards was 8.84%. The countries with the highest tariffs for importing Electrical Control Boards were Iran (46.5%), Bahamas (41%), Algeria (29.2%), Pakistan (27.4%), and Bermuda (25%).

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.

Country by Relatedness

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The following visualization shows the relatedness of Electrical Control Boards to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.