Electrical Parts8548 (Harmonized System 1992 for 4-digit)
2019 World Trade: $5.06B, Rnk 495 / 1217
2019 Top Exporter | Top Importer: $1.5B | $1.06B, China | Hong Kong
2019 Product Complexity: 1.05, Rnk 135 / 961
2018 - 2019 Export Growth (CAGR): -12%, Rnk 1018 / 1217
2018 Mean Tariff: 5.58%, Rnk 752 / 1259
2019 Share of World Trade: 0.028%, Rnk 495 / 1217
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.
Trade By Country
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).
Trade by country
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).
Cumulative market share
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.
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).
In 2019, the world most traded Electrical Parts, disaggragated by their HS6 level were Electrical parts of machinery and apparatus,... ($5.06B)
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%).
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.