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

854430 (Harmonized System 1992 for 6-digit)

World Trade (2018): $41.2B, Rnk 56 / 4726

Top Exporter (2018): $8.37B, Mexico

Top Importer (2018): $11.3B, United States

Product Complexity (2018): -1.15, Rnk 2313 / 2722

Export Growth (CAGR)(2017 - 2018): 15.1%, Rnk 1880 / 4726

Mean Tariff (2018): 8.49%, Rnk 2699 / 6538

Share of World Trade (2018): 0.22%, Rnk 56 / 4726

Overview:  This page contains the latest trade data of Ignition/other wiring sets for vehicles/aircraft/ship. In 2018, Ignition/other wiring sets for vehicles/aircraft/ship were the world's 56th most traded product, with a total trade of $41.2B. Between 2017 and 2018 the exports of Ignition/other wiring sets for vehicles/aircraft/ship grew by 15.1%, from  $35.8B to $41.2B. Trade in Ignition/other wiring sets for vehicles/aircraft/ship represent 0.22% of total world trade.

Exports: In 2018 the top exporters of Ignition/other wiring sets for vehicles/aircraft/ship  were Mexico ($8.37B), China ($3.16B), Romania ($3.01B), Vietnam ($2.58B), and Morocco ($2.51B).

Imports: In 2018 the top importers of Ignition/other wiring sets for vehicles/aircraft/ship were United States ($11.3B), Germany ($5.18B), Japan ($4.76B), South Korea ($1.75B), and France ($1.73B).

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 2313th 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

#permalink to section

Trade By Country

Top Origin (2018): Mexico, $8.37B

Top Destination (2018): United States, $11.3B

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

In 2018, the top exporters of Ignition/other wiring sets for vehicles/aircraft/ship were Mexico ($8.37B), China ($3.16B), Romania ($3.01B), Vietnam ($2.58B), and Morocco ($2.51B).

In 2018, the top importers of Ignition/other wiring sets for vehicles/aircraft/ship were United States ($11.3B), Germany ($5.18B), Japan ($4.76B), South Korea ($1.75B), and France ($1.73B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Morocco, $1.42B

Top Destination Growth (2017 - 2018): Spain, $1.23B

Between 2017 and 2018, the exports of Ignition/other wiring sets for vehicles/aircraft/ship grew the fastest in Morocco ($1.42B), Mexico ($1.2B), Vietnam ($407M), Serbia ($380M), and United States ($353M).

Between 2017 and 2018, the fastest growing importers of Ignition/other wiring sets for vehicles/aircraft/ship were Spain ($1.23B), United States ($1.01B), Germany ($518M), Japan ($357M), and France ($284M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Ignition/other wiring sets for vehicles/aircraft/ship.

In 2018,  market concentration measured using Shannon Entropy, was 4.6. This means that most of the exports of Ignition/other wiring sets for vehicles/aircraft/ship are explained by 24 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Mexico, $7.44B

TOP NET IMPORTER (2018): United States, $10.1B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ignition/other wiring sets for vehicles/aircraft/ship were Mexico ($7.44B), Vietnam ($2.49B), China ($2.49B), Romania ($2.41B), and Morocco ($2.4B).

In 2018, 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 ($10.1B), Japan ($4.51B), Germany ($3.72B), France ($1.36B), and United Kingdom ($1.27B).

Import Tariffs

#permalink to section

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%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.