HS Icon Electricity

2716 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $35.7B, Rnk 102 / 1217

2019
Top Exporter | Top Importer
: $4.56B | $2.95B, Germany | Italy

2019
Product Complexity
: -0.58, Rnk 682 / 961

2018 - 2019
Export Growth (CAGR)
: -9.41%, Rnk 946 / 1217

2018
Mean Tariff
: 2.05%, Rnk 1228 / 1259

 2019
Share of World Trade
: 0.2%, Rnk 102 / 1217

Overview:  This page contains the latest trade data of Electricity. In 2019, Electricity were the world's 102nd most traded product, with a total trade of $35.7B. Between 2018 and 2019 the exports of Electricity decreased by -9.41%, from  $39.4B to $35.7B. Trade in Electricity represent 0.2% of total world trade.

Exports: In 2019 the top exporters of Electricity  were Germany ($4.56B), France ($3.5B), Canada ($1.9B), Sweden ($1.6B), and China ($1.59B).

Imports: In 2019 the top importers of Electricity were Italy ($2.95B), Germany ($2.13B), United States ($2.03B), Switzerland ($1.49B), and United Kingdom ($1.33B).

Tariffs: In 2018 the average tariff for Electricity was 2.05%, making it the 1228th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electricity are Bermuda (25%), Madagascar (17.2%), Algeria (12.2%), Ethiopia (9.9%), and Cameroon (9.81%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mozambique (0%), and Rwanda (0%).

Ranking: Electricity ranks 682nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $4.56B

Top Destination (2019): Italy, $2.95B

Electricity are the world's 102nd most traded product.

In 2019, the top exporters of Electricity were Germany ($4.56B), France ($3.5B), Canada ($1.9B), Sweden ($1.6B), and China ($1.59B).

In 2019, the top importers of Electricity were Italy ($2.95B), Germany ($2.13B), United States ($2.03B), Switzerland ($1.49B), and United Kingdom ($1.33B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Belgium, $433M

Top Destination Growth (2018 - 2019): Bangladesh, $316M

Between 2018 and 2019, the exports of Electricity grew the fastest in Belgium ($433M), India ($382M), Austria ($165M), South Africa ($165M), and Hungary ($159M).

Between 2018 and 2019, the fastest growing importers of Electricity were Bangladesh ($316M), Poland ($277M), Portugal ($235M), Ukraine ($152M), and Botswana ($122M).

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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 Electricity.

In 2019,  market concentration measured using Shannon Entropy, was 5.07. This means that most of the exports of Electricity are explained by 33 countries.

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TOP NET EXPORTER (2019): France, $2.66B

TOP NET IMPORTER (2019): Italy, $2.49B

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

In 2019, the countries that had a largest trade value in exports than in imports of Electricity were France ($2.66B), Germany ($2.44B), Paraguay ($1.57B), Canada ($1.41B), and China ($1.4B).

In 2019, the countries that had a largest trade value in imports than in exports of Electricity were Italy ($2.49B), United States ($1.37B), Brazil ($1.23B), United Kingdom ($1.14B), and Thailand ($1.05B).

Disaggregation

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Value

In 2019, the world most traded Electricity, disaggragated by their HS6 level were Electrical energy ($35.7B)

Import Tariffs

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In 2018, the average tariff for importing Electricity was 2.05%.  The countries with the highest tariffs for importing Electricity were Bermuda (25%), Madagascar (17.2%), Algeria (12.2%), Ethiopia (9.9%), and Cameroon (9.81%).

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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.