HS Icon Electrical machines and apparatus, nes

854380 (Harmonized System 1992 for 6-digit)

World Trade (2018): $39.5B, Rnk 60 / 4726

Top Exporter (2018): $16.5B, China

Top Importer (2018): $9.27B, United States

Product Complexity (2018): 1.22, Rnk 209 / 2722

Export Growth (CAGR)(2017 - 2018): 14.4%, Rnk 1983 / 4726

Mean Tariff (2018): 4.92%, Rnk 4198 / 6538

Share of World Trade (2018): 0.21%, Rnk 60 / 4726

Overview:  This page contains the latest trade data of Electrical machines and apparatus, nes. In 2018, Electrical machines and apparatus, nes were the world's 60th most traded product, with a total trade of $39.5B. Between 2017 and 2018 the exports of Electrical machines and apparatus, nes grew by 14.4%, from  $34.5B to $39.5B. Trade in Electrical machines and apparatus, nes represent 0.21% of total world trade.

Exports: In 2018 the top exporters of Electrical machines and apparatus, nes  were China ($16.5B), Germany ($3.26B), United States ($2.81B), Mexico ($2.23B), and Japan ($2.02B).

Imports: In 2018 the top importers of Electrical machines and apparatus, nes were United States ($9.27B), Japan ($2.5B), China ($2.26B), Germany ($2.24B), and Hong Kong ($2.16B).

Tariffs: In 2018 the average tariff for Electrical machines and apparatus, nes was 4.92%, making it the 4198th lowest tariff using the HS6 product classification.

Ranking: Electrical machines and apparatus, nes ranks 209th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $16.5B

Top Destination (2018): United States, $9.27B

Electrical machines and apparatus, nes are the world's 60th most traded product.

In 2018, the top exporters of Electrical machines and apparatus, nes were China ($16.5B), Germany ($3.26B), United States ($2.81B), Mexico ($2.23B), and Japan ($2.02B).

In 2018, the top importers of Electrical machines and apparatus, nes were United States ($9.27B), Japan ($2.5B), China ($2.26B), Germany ($2.24B), and Hong Kong ($2.16B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $2.1B

Top Destination Growth (2017 - 2018): Mexico, $851M

Between 2017 and 2018, the exports of Electrical machines and apparatus, nes grew the fastest in China ($2.1B), United States ($1.46B), Thailand ($617M), Israel ($390M), and Netherlands ($276M).

Between 2017 and 2018, the fastest growing importers of Electrical machines and apparatus, nes were Mexico ($851M), Hong Kong ($817M), Thailand ($515M), United States ($458M), and Singapore ($426M).

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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 machines and apparatus, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.62. This means that most of the exports of Electrical machines and apparatus, nes are explained by 12 countries.

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TOP NET EXPORTER (2018): China, $14.2B

TOP NET IMPORTER (2018): United States, $6.45B

This map shows which countries export or import more of Electrical machines and apparatus, nes. Each country is colored based on the difference in exports and imports of Electrical machines and apparatus, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Electrical machines and apparatus, nes were China ($14.2B), Malaysia ($1.04B), Germany ($1.02B), Mexico ($566M), and Israel ($523M).

In 2018, the countries that had a largest trade value in imports than in exports of Electrical machines and apparatus, nes were United States ($6.45B), Hong Kong ($1.8B), France ($676M), India ($537M), and Japan ($486M).

Import Tariffs

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In 2018, the average tariff for importing Electrical machines and apparatus, nes was 4.92%.  The countries with the highest tariffs for importing Electrical machines and apparatus, nes were Austria (5.31%), Sweden (4.9%), and Finland (3.8%).

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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.