Ignition/other wiring sets for vehicles/aircraft/ship854430 (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.
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).
Trade by country
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).
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.
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).
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%).
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.
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