HS Icon Insulated Wire

8544 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Insulated Wire. In 2019, Insulated Wire were the world's 17th most traded product, with a total trade of $130B. Between 2018 and 2019 the exports of Insulated Wire decreased by -3.85%, from $135B to $130B. Trade in Insulated Wire represent 0.72% of total world trade.

Exports In 2019 the top exporters of Insulated Wire  were China ($24.2B), Mexico ($14.2B), United States ($10.7B), Germany ($8.39B), and Vietnam ($4.88B).

Imports In 2019 the top importers of Insulated Wire were United States ($22.4B), Germany ($11.9B), Japan ($7.39B), Mexico ($6.62B), and France ($5.46B).

Tariffs In 2018 the average tariff for Insulated Wire was 7.78%, making it the 562nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Insulated Wire are Sudan (35%), Iran (30.3%), Ethiopia (29.7%), Bermuda (26.3%), and Pakistan (23%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking Insulated Wire ranks 702nd in the Product Complexity Index (PCI).

Description Optical fibre cables are used to transmit information over long distances. They can be made from a variety of materials, including glass, plastic, and metal.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $24.2B

Top Destination (2019): United States, $22.4B

Insulated Wire are the world's 17th most traded product.

In 2019, the top exporters of Insulated Wire were China ($24.2B), Mexico ($14.2B), United States ($10.7B), Germany ($8.39B), and Vietnam ($4.88B).

In 2019, the top importers of Insulated Wire were United States ($22.4B), Germany ($11.9B), Japan ($7.39B), Mexico ($6.62B), and France ($5.46B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $502M

Top Destination Growth (2018 - 2019): Vietnam, $393M

Between 2018 and 2019, the exports of Insulated Wire grew the fastest in Vietnam ($502M), Philippines ($227M), India ($226M), Morocco ($216M), and Serbia ($186M).

Between 2018 and 2019, the fastest growing importers of Insulated Wire were Vietnam ($393M), Nigeria ($207M), Japan ($202M), South Korea ($140M), and France ($133M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Insulated Wire.

In 2019,  market concentration measured using Shannon Entropy, was 4.86. This means that most of the exports of Insulated Wire are explained by 29 countries.

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TOP NET EXPORTER (2019): China, $20.5B

TOP NET IMPORTER (2019): United States, $11.7B

This map shows which countries export or import more of Insulated Wire. Each country is colored based on the difference in exports and imports of Insulated Wire during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Insulated Wire were China ($20.5B), Mexico ($7.57B), Morocco ($3.12B), Vietnam ($3.02B), and Romania ($2.12B).

In 2019, the countries that had a largest trade value in imports than in exports of Insulated Wire were United States ($11.7B), Japan ($5.29B), Germany ($3.48B), Hong Kong ($3.26B), and France ($3.11B).

Disaggregation

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Value

In 2019, the world most traded Insulated Wire, disaggragated by their HS6 level were Ignition/other wiring sets for vehicles/aircraft/ship ($41.3B), Electric conductors, nes < 80 volts,... ($30.3B), Electric conductors, nes < 80 volts,... ($27.7B), Optical fibres and cables ($7.56B), and Electric conductors, for over 1,000 volts,... ($7.2B)

Import Tariffs

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In 2018, the average tariff for importing Insulated Wire was 7.78%. The countries with the highest tariffs for importing Insulated Wire were Sudan (35%), Iran (30.3%), Ethiopia (29.7%), Bermuda (26.3%), and Pakistan (23%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Insulated Wire to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.