HS Icon Electrical Parts

8548 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Electrical Parts. In 2019, Electrical Parts were the world's 495th most traded product, with a total trade of $5.06B. Between 2018 and 2019 the exports of Electrical Parts decreased by -12%, from $5.75B to $5.06B. Trade in Electrical Parts represent 0.028% of total world trade.

Exports In 2019 the top exporters of Electrical Parts  were China ($1.5B), Japan ($910M), Germany ($389M), Chinese Taipei ($275M), and Thailand ($207M).

Imports In 2019 the top importers of Electrical Parts were Hong Kong ($1.06B), China ($686M), Germany ($425M), United States ($420M), and Vietnam ($280M).

Tariffs In 2018 the average tariff for Electrical Parts was 5.58%, making it the 752nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electrical Parts are Cayman Islands (102%), Angola (50%), Bahamas (40.2%), and Ethiopia (29.7%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking Electrical Parts ranks 135th in the Product Complexity Index (PCI).

Description Spent primary cells are used in the production of other goods. They can be made from a variety of materials, including lead-acid, nickel-cadmium, and silver-zinc. Spent primary batteries are used in the production of other goods. They can be made from a variety of materials, including lead-acid, nickel-cadmium, and silver-zinc. Spent electric accumulators are used in the production of other goods. They can be made from a variety of materials, including lead-acid, nickel-cadmium, and silver-zinc.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.5B

Top Destination (2019): Hong Kong, $1.06B

Electrical Parts are the world's 495th most traded product.

In 2019, the top exporters of Electrical Parts were China ($1.5B), Japan ($910M), Germany ($389M), Chinese Taipei ($275M), and Thailand ($207M).

In 2019, the top importers of Electrical Parts were Hong Kong ($1.06B), China ($686M), Germany ($425M), United States ($420M), and Vietnam ($280M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $75.3M

Top Destination Growth (2018 - 2019): Japan, $33.1M

Between 2018 and 2019, the exports of Electrical Parts grew the fastest in China ($75.3M), Chinese Taipei ($39.3M), Hong Kong ($34.7M), Slovakia ($14.1M), and Czechia ($7.83M).

Between 2018 and 2019, the fastest growing importers of Electrical Parts were Japan ($33.1M), Austria ($18.6M), Hungary ($16.1M), Slovakia ($12.9M), and Netherlands ($3.38M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Electrical Parts.

In 2019,  market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Electrical Parts are explained by 13 countries.

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TOP NET EXPORTER (2019): China, $815M

TOP NET IMPORTER (2019): Hong Kong, $964M

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

In 2019, the countries that had a largest trade value in exports than in imports of Electrical Parts were China ($815M), Japan ($754M), Chinese Taipei ($183M), Thailand ($139M), and United Kingdom ($132M).

In 2019, the countries that had a largest trade value in imports than in exports of Electrical Parts were Hong Kong ($964M), United States ($238M), Hungary ($161M), Vietnam ($112M), and Poland ($77.2M).

Disaggregation

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Value

In 2019, the world most traded Electrical Parts, disaggragated by their HS6 level were Electrical parts of machinery and apparatus,... ($5.06B)

Import Tariffs

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In 2018, the average tariff for importing Electrical Parts was 5.58%. The countries with the highest tariffs for importing Electrical Parts were Cayman Islands (102%), Angola (50%), Bahamas (40.2%), and Ethiopia (29.7%).

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 Parts to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.