HS Icon Low-voltage Protection Equipment

8536 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Low-voltage Protection Equipment. In 2019, Low-voltage Protection Equipment were the world's 25th most traded product, with a total trade of $96.7B. Between 2018 and 2019 the exports of Low-voltage Protection Equipment decreased by -4.18%, from $101B to $96.7B. Trade in Low-voltage Protection Equipment represent 0.53% of total world trade.

Exports: In 2019 the top exporters of Low-voltage Protection Equipment  were China ($17.8B), Germany ($14.4B), United States ($9.01B), Japan ($7.87B), and France ($4.67B).

Imports: In 2019 the top importers of Low-voltage Protection Equipment were United States ($11.6B), Germany ($7.98B), China ($7.54B), Hong Kong ($6.93B), and Mexico ($5.17B).

Tariffs: In 2018 the average tariff for Low-voltage Protection Equipment was 8.9%, making it the 485th 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%).

Ranking: Low-voltage Protection Equipment ranks 259th in the Product Complexity Index (PCI).

Description: Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits, e.g., switches, relays, fuses, surge suppressors, plugs, sockets, lamp holders and junction boxes are used to control the flow of electricity through an electrical circuit. They can be made from a variety of materials including plastic and metal.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $17.8B

Top Destination (2019): United States, $11.6B

Low-voltage Protection Equipment are the world's 25th most traded product.

In 2019, the top exporters of Low-voltage Protection Equipment were China ($17.8B), Germany ($14.4B), United States ($9.01B), Japan ($7.87B), and France ($4.67B).

In 2019, the top importers of Low-voltage Protection Equipment were United States ($11.6B), Germany ($7.98B), China ($7.54B), Hong Kong ($6.93B), and Mexico ($5.17B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $114M

Top Destination Growth (2018 - 2019): Vietnam, $297M

Between 2018 and 2019, the exports of Low-voltage Protection Equipment grew the fastest in Vietnam ($114M), Turkey ($64.1M), United Arab Emirates ($60M), Serbia ($51.7M), and South Korea ($49.3M).

Between 2018 and 2019, the fastest growing importers of Low-voltage Protection Equipment were Vietnam ($297M), Philippines ($79.9M), Iraq ($45.4M), Uzbekistan ($28.2M), and Libya ($24.9M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Low-voltage Protection Equipment are explained by 22 countries.

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TOP NET EXPORTER (2019): China, $10.3B

TOP NET IMPORTER (2019): Hong Kong, $6.21B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Low-voltage Protection Equipment were China ($10.3B), Germany ($6.4B), Japan ($5.15B), France ($1.3B), and South Korea ($943M).

In 2019, the countries that had a largest trade value in imports than in exports of Low-voltage Protection Equipment were Hong Kong ($6.21B), United States ($2.56B), Vietnam ($1.6B), Canada ($1.46B), and Mexico ($1.27B).

Disaggregation

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Value

In 2019, the world most traded Low-voltage Protection Equipment, disaggragated by their HS6 level were Electrical switch, protector, connecter for <... ($33.7B), Electrical switches for < 1,000 volts,... ($19.8B), Electrical plugs and sockets ($19.1B), Automatic circuit breakers for < 1,000... ($8.04B), and Electrical relays for 60 - 1,000... ($4.74B)

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%).

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 Low-voltage Protection Equipment to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.