HS Icon Low-voltage Protection Equipment

8536 (Harmonized System 1992 for 4-digit)

World Trade (2018): $99.9B, Rnk 22 / 1225

Top Exporter (2018): $17.9B, China

Top Importer (2018): $12B, United States

Export Growth (CAGR)(2017 - 2018): 4.98%, Rnk 972 / 1225

Mean Tariff (2018): 8.9%, Rnk 485 / 1259

Share of World Trade (2018): 0.54%, Rnk 22 / 1225

Overview:  This page contains the latest trade data of Low-voltage Protection Equipment. In 2018, Low-voltage Protection Equipment were the world's 22nd most traded product, with a total trade of $99.9B. Between 2017 and 2018 the exports of Low-voltage Protection Equipment grew by 4.98%, from  $95.2B to $99.9B. Trade in Low-voltage Protection Equipment represent 0.54% of total world trade.

Exports: In 2018 the top exporters of Low-voltage Protection Equipment  were China ($17.9B), Germany ($15.3B), Japan ($8.56B), United States ($8.43B), and France ($4.8B).

Imports: In 2018 the top importers of Low-voltage Protection Equipment were United States ($12B), Germany ($8.55B), China ($8.39B), Hong Kong ($7.65B), and Mexico ($5.27B).

Tariffs: In 2018 the average tariff for Low-voltage Protection Equipment was 8.9%, been the 485 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Low-voltage Protection Equipment are Bahamas (40.2%), Iran (30.6%), Maldives (28.9%), Algeria (25.6%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $17.9B

Top Destination (2018): United States, $12B

Low-voltage Protection Equipment are the world's 22nd most traded product.

In 2018, the top exporters of Low-voltage Protection Equipment were China ($17.9B), Germany ($15.3B), Japan ($8.56B), United States ($8.43B), and France ($4.8B).

In 2018, the top importers of Low-voltage Protection Equipment were United States ($12B), Germany ($8.55B), China ($8.39B), Hong Kong ($7.65B), and Mexico ($5.27B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $1.92B

Top Destination Growth (2017 - 2018): United States, $1.18B

Between 2017 and 2018, the exports of Low-voltage Protection Equipment grew the fastest in Germany ($1.92B), United States ($1.49B), Czechia ($788M), Singapore ($434M), and Netherlands ($328M).

Between 2017 and 2018, the fastest growing importers of Low-voltage Protection Equipment were United States ($1.18B), Germany ($693M), France ($421M), Czechia ($385M), and India ($324M).

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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 Low-voltage Protection Equipment.

In 2018,  market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Low-voltage Protection Equipment are explained by 22 countries.

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TOP NET EXPORTER (2018): China, $9.47B

TOP NET IMPORTER (2018): Hong Kong, $6.74B

This map shows which countries export or import more of Low-voltage Protection Equipment. Each country is colored based on the difference in exports and imports of Low-voltage Protection Equipment during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Low-voltage Protection Equipment were China ($9.47B), Germany ($6.78B), Japan ($5.61B), France ($1.27B), and Czechia ($973M).

In 2018, the countries that had a largest trade value in imports than in exports of Low-voltage Protection Equipment were Hong Kong ($6.74B), United States ($3.53B), Mexico ($1.44B), Vietnam ($1.36B), and Russia ($1.04B).

Trade Forecasts

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This section shows forecasts for total trade for Low-voltage Protection Equipment. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Low-voltage Protection Equipment was 8.9%.  The countries with the highest tariffs for importing Low-voltage Protection Equipment were Bahamas (40.2%), Iran (30.6%), Maldives (28.9%), Algeria (25.6%), 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.