Overview: This page contains the latest trade data of Electrical Parts. In 2018, Electrical Parts were the world's 345th most traded product, with a total trade of $9.23B. Between 2017 and 2018 the exports of Electrical Parts grew by 11.4%, from $8.28B to $9.23B. Trade in Electrical Parts represent 0.05% of total world trade.
Top Destination Growth (2017 - 2018): United States, $462M
Between 2017 and 2018, the exports of Electrical Parts grew the fastest in China ($592M), United Kingdom ($173M), Mexico ($161M), Germany ($155M), and Thailand ($114M).
This chart shows the evolution of the market concentration of exports of Electrical Parts.
In 2018, market concentration measured using Shannon Entropy, was 2.91. This means that most of the exports of Electrical Parts are explained by 7 countries.
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Electrical Parts were South Korea ($4.21B), Japan ($799M), China ($535M), United Kingdom ($352M), and Thailand ($147M).
In 2018, the countries that had a largest trade value in imports than in exports of Electrical Parts were Vietnam ($4.22B), Hong Kong ($894M), United States ($288M), Hungary ($144M), and Poland ($78.7M).
In 2018, the average tariff for importing Electrical Parts was 5.7%. The countries with the highest tariffs for importing Electrical Parts were Angola (50%), Bahamas (40.2%), Ethiopia (29.7%), Algeria (28.1%), and Syria (25.3%).
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.