HS Icon Insulated winding wire, nes

854419 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.1B, Rnk 1912 / 4726

Top Exporter (2018): $319M, China

Top Importer (2018): $66.4M, United States

Product Complexity (2018): -0.41, Rnk 1868 / 2722

Export Growth (CAGR)(2017 - 2018): 12.5%, Rnk 2291 / 4726

Mean Tariff (2018): 8.28%, Rnk 2759 / 6538

Share of World Trade (2018): 0.006%, Rnk 1912 / 4726

Overview:  This page contains the latest trade data of Insulated winding wire, nes. In 2018, Insulated winding wire, nes were the world's 1912th most traded product, with a total trade of $1.1B. Between 2017 and 2018 the exports of Insulated winding wire, nes grew by 12.5%, from  $976M to $1.1B. Trade in Insulated winding wire, nes represent 0.006% of total world trade.

Exports: In 2018 the top exporters of Insulated winding wire, nes  were China ($319M), United States ($83.4M), South Korea ($72.4M), India ($58.7M), and Italy ($46.4M).

Imports: In 2018 the top importers of Insulated winding wire, nes were United States ($66.4M), China ($61.3M), India ($61.2M), Japan ($54.3M), and Mexico ($43.6M).

Tariffs: In 2018 the average tariff for Insulated winding wire, nes was 8.28%, making it the 2759th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Insulated winding wire, nes are Sudan (35%), Ethiopia (29.7%), Iran (25%), Bangladesh (25%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Singapore (0%), and Switzerland (0%).

Ranking: Insulated winding wire, nes ranks 1868th in the Product Complexity Index (PCI).

Description: Insulated winding wire is used in transformers, motors, and other electrical equipment to provide a path for the electric current and to reduce the power losses.

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $319M

Top Destination (2018): United States, $66.4M

Insulated winding wire, nes are the world's 1912th most traded product.

In 2018, the top exporters of Insulated winding wire, nes were China ($319M), United States ($83.4M), South Korea ($72.4M), India ($58.7M), and Italy ($46.4M).

In 2018, the top importers of Insulated winding wire, nes were United States ($66.4M), China ($61.3M), India ($61.2M), Japan ($54.3M), and Mexico ($43.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chinese Taipei, $18.7M

Top Destination Growth (2017 - 2018): China, $21.2M

Between 2017 and 2018, the exports of Insulated winding wire, nes grew the fastest in Chinese Taipei ($18.7M), Thailand ($15.9M), India ($13.2M), Malaysia ($10.2M), and Angola ($9.65M).

Between 2017 and 2018, the fastest growing importers of Insulated winding wire, nes were China ($21.2M), Vietnam ($12.3M), Thailand ($10.9M), Tunisia ($9.64M), and United States ($9.51M).

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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 Insulated winding wire, nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Insulated winding wire, nes are explained by 20 countries.

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TOP NET EXPORTER (2018): China, $258M

TOP NET IMPORTER (2018): Japan, $38.2M

This map shows which countries export or import more of Insulated winding wire, nes. Each country is colored based on the difference in exports and imports of Insulated winding wire, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Insulated winding wire, nes were China ($258M), South Korea ($51.6M), Chinese Taipei ($27.9M), Venezuela ($23.2M), and Spain ($19.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Insulated winding wire, nes were Japan ($38.2M), Philippines ($33.8M), Mexico ($31.6M), Canada ($17.7M), and France ($17.1M).

Import Tariffs

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In 2018, the average tariff for importing Insulated winding wire, nes was 8.28%.  The countries with the highest tariffs for importing Insulated winding wire, nes were Sudan (35%), Ethiopia (29.7%), Iran (25%), Bangladesh (25%), and Bermuda (25%).

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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.