HS Icon Metal Insulating Fittings

8547 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $6.28B, Rnk 445 / 1217

2019
Top Exporter | Top Importer
: $1.5B | $591M, Germany | China

2019
Product Complexity
: 0.99, Rnk 156 / 961

2018 - 2019
Export Growth (CAGR)
: -6.54%, Rnk 826 / 1217

2018
Mean Tariff
: 7%, Rnk 618 / 1259

 2019
Share of World Trade
: 0.035%, Rnk 445 / 1217

Overview:  This page contains the latest trade data of Metal Insulating Fittings. In 2019, Metal Insulating Fittings were the world's 445th most traded product, with a total trade of $6.28B. Between 2018 and 2019 the exports of Metal Insulating Fittings decreased by -6.54%, from  $6.72B to $6.28B. Trade in Metal Insulating Fittings represent 0.035% of total world trade.

Exports: In 2019 the top exporters of Metal Insulating Fittings  were Germany ($1.5B), Japan ($731M), China ($605M), Czechia ($448M), and United States ($442M).

Imports: In 2019 the top importers of Metal Insulating Fittings were China ($591M), Germany ($546M), United States ($436M), Czechia ($352M), and Mexico ($312M).

Tariffs: In 2018 the average tariff for Metal Insulating Fittings was 7%, making it the 618th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Metal Insulating Fittings are Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Iran (20%), and Samoa (20%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking: Metal Insulating Fittings ranks 156th in the Product Complexity Index (PCI).

Description: Insulating fittings are used to connect electrical machines, appliances or equipment. They can be made from a variety of materials, including plastic and rubber.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $1.5B

Top Destination (2019): China, $591M

Metal Insulating Fittings are the world's 445th most traded product.

In 2019, the top exporters of Metal Insulating Fittings were Germany ($1.5B), Japan ($731M), China ($605M), Czechia ($448M), and United States ($442M).

In 2019, the top importers of Metal Insulating Fittings were China ($591M), Germany ($546M), United States ($436M), Czechia ($352M), and Mexico ($312M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Italy, $18.8M

Top Destination Growth (2018 - 2019): Morocco, $32.2M

Between 2018 and 2019, the exports of Metal Insulating Fittings grew the fastest in Italy ($18.8M), Hong Kong ($12.4M), Morocco ($12.3M), Romania ($5.52M), and United Arab Emirates ($3.77M).

Between 2018 and 2019, the fastest growing importers of Metal Insulating Fittings were Morocco ($32.2M), Iraq ($16.6M), Serbia ($9.19M), North Macedonia ($6.08M), and Australia ($4.04M).

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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 Metal Insulating Fittings.

In 2019,  market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Metal Insulating Fittings are explained by 17 countries.

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TOP NET EXPORTER (2019): Germany, $949M

TOP NET IMPORTER (2019): Mexico, $219M

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

In 2019, the countries that had a largest trade value in exports than in imports of Metal Insulating Fittings were Germany ($949M), Japan ($585M), Hungary ($163M), Austria ($133M), and Czechia ($96.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Metal Insulating Fittings were Mexico ($219M), Romania ($178M), Morocco ($172M), Ukraine ($156M), and Tunisia ($134M).

Disaggregation

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Value

In 2019, the world most traded Metal Insulating Fittings, disaggragated by their HS6 level were Electrical insulating fittings of plastics ($4.64B), Electrical insulating fittings except plastic/ceramic ($1.07B), and Electrical insulating fittings of ceramics ($565M)

Import Tariffs

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In 2018, the average tariff for importing Metal Insulating Fittings was 7%.  The countries with the highest tariffs for importing Metal Insulating Fittings were Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Iran (20%), and Samoa (20%).

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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.