HS Icon Ignition/other wiring sets for vehicles/aircraft/ship

854430 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $41.3B, Rnk 56 / 4648

2019
Top Exporter | Top Importer
: $8.42B | $11B, Mexico | United States

2019
Product Complexity
: -1.2, Rnk 4159 / 4826

2018 - 2019
Export Growth (CAGR)
: -0.4%, Rnk 1622 / 4648

2018
Mean Tariff
: 8.49%, Rnk 2699 / 6538

 2019
Share of World Trade
: 0.23%, Rnk 56 / 4648

Overview:  This page contains the latest trade data of Ignition/other wiring sets for vehicles/aircraft/ship. In 2019, Ignition/other wiring sets for vehicles/aircraft/ship were the world's 56th most traded product, with a total trade of $41.3B. Between 2018 and 2019 the exports of Ignition/other wiring sets for vehicles/aircraft/ship decreased by -0.4%, from  $41.5B to $41.3B. Trade in Ignition/other wiring sets for vehicles/aircraft/ship represent 0.23% of total world trade.

Exports: In 2019 the top exporters of Ignition/other wiring sets for vehicles/aircraft/ship  were Mexico ($8.42B), China ($3B), Vietnam ($2.89B), Morocco ($2.76B), and Romania ($2.69B).

Imports: In 2019 the top importers of Ignition/other wiring sets for vehicles/aircraft/ship were United States ($11B), Germany ($5.04B), Japan ($4.92B), South Korea ($1.81B), and Spain ($1.79B).

Tariffs: In 2018 the average tariff for Ignition/other wiring sets for vehicles/aircraft/ship was 8.49%, making it the 2699th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Ignition/other wiring sets for vehicles/aircraft/ship are Iran (40%), Maldives (39.1%), Bermuda (35%), Sudan (35%), and Pakistan (31.3%). The countries with the lowest tariffs are Ghana (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Ignition/other wiring sets for vehicles/aircraft/ship ranks 4159th in the Product Complexity Index (PCI).

Description: The common use for an ignition wiring set is to provide the power necessary to start the engine. Other wiring sets are used to control the speed of an engine.

Exporters and Importers

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Trade By Country

Top Origin (2019): Mexico, $8.42B

Top Destination (2019): United States, $11B

Ignition/other wiring sets for vehicles/aircraft/ship are the world's 56th most traded product.

In 2019, the top exporters of Ignition/other wiring sets for vehicles/aircraft/ship were Mexico ($8.42B), China ($3B), Vietnam ($2.89B), Morocco ($2.76B), and Romania ($2.69B).

In 2019, the top importers of Ignition/other wiring sets for vehicles/aircraft/ship were United States ($11B), Germany ($5.04B), Japan ($4.92B), South Korea ($1.81B), and Spain ($1.79B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $242M

Top Destination Growth (2018 - 2019): Japan, $186M

Between 2018 and 2019, the exports of Ignition/other wiring sets for vehicles/aircraft/ship grew the fastest in Vietnam ($242M), Philippines ($242M), Morocco ($235M), Serbia ($145M), and Tunisia ($119M).

Between 2018 and 2019, the fastest growing importers of Ignition/other wiring sets for vehicles/aircraft/ship were Japan ($186M), France ($145M), Vietnam ($89.8M), Spain ($84.5M), and South Korea ($63.2M).

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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 Ignition/other wiring sets for vehicles/aircraft/ship.

In 2019,  market concentration measured using Shannon Entropy, was 4.58. This means that most of the exports of Ignition/other wiring sets for vehicles/aircraft/ship are explained by 23 countries.

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TOP NET EXPORTER (2019): Mexico, $7.48B

TOP NET IMPORTER (2019): United States, $9.18B

This map shows which countries export or import more of Ignition/other wiring sets for vehicles/aircraft/ship. Each country is colored based on the difference in exports and imports of Ignition/other wiring sets for vehicles/aircraft/ship during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Ignition/other wiring sets for vehicles/aircraft/ship were Mexico ($7.48B), Vietnam ($2.71B), Morocco ($2.66B), China ($2.42B), and Philippines ($2.19B).

In 2019, the countries that had a largest trade value in imports than in exports of Ignition/other wiring sets for vehicles/aircraft/ship were United States ($9.18B), Japan ($4.65B), Germany ($3.55B), France ($1.39B), and Canada ($1.3B).

Import Tariffs

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In 2018, the average tariff for importing Ignition/other wiring sets for vehicles/aircraft/ship was 8.49%.  The countries with the highest tariffs for importing Ignition/other wiring sets for vehicles/aircraft/ship were Iran (40%), Maldives (39.1%), Bermuda (35%), Sudan (35%), and Pakistan (31.3%).

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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.