Electricity
2716 (Harmonized System 1992 for 4-digit)
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).
Product Trade
#permalink to sectionExporters and Importers
#permalink to sectionTrade By Country
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).
Market Dynamics
#permalink to sectionTrade by country
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).
Market Concentration
#permalink to sectionCumulative 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.
Net Trade
#permalink to sectionThis 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
#permalink to sectionIn 2019, the world most traded Electricity, disaggragated by their HS6 level were Electrical energy ($35.7B)
Tariffs
#permalink to sectionImport Tariffs
#permalink to sectionIn 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%).
Product Complexity
#permalink to sectionDiversification Frontier
#permalink to sectionThe 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.
