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 Wirewere 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.
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.
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).
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.
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).
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%).
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.