Other Electrical Machinery8543 (Harmonized System 1992 for 4-digit)
World Trade (2018): $53.7B, Rnk 64 / 1225
Top Exporter (2018): $19.7B, China
Top Importer (2018): $11.7B, United States
Product Complexity (2018): 1.25, Rnk 91 / 1018
Export Growth (CAGR)(2017 - 2018): 23.9%, Rnk 249 / 1225
Mean Tariff (2018): 4.94%, Rnk 827 / 1259
Share of World Trade (2018): 0.29%, Rnk 64 / 1225
Overview: This page contains the latest trade data of Other Electrical Machinery. In 2018, Other Electrical Machinery were the world's 64th most traded product, with a total trade of $53.7B. Between 2017 and 2018 the exports of Other Electrical Machinery grew by 23.9%, from $43.4B to $53.7B. Trade in Other Electrical Machinery represent 0.29% of total world trade.
Exports: In 2018 the top exporters of Other Electrical Machinery were China ($19.7B), United States ($4.31B), Germany ($4.11B), Japan ($3.56B), and Mexico ($2.41B).
Imports: In 2018 the top importers of Other Electrical Machinery were United States ($11.7B), China ($4B), Hong Kong ($3.72B), Japan ($3.46B), and Germany ($2.76B).
Tariffs: In 2018 the average tariff for Other Electrical Machinery was 4.94%, been the 827 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Other Electrical Machinery are Bermuda (20.8%), Samoa (20%), Ethiopia (19.8%), Maldives (18.3%), and Iran (17.8%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).
Ranking: Other Electrical Machinery ranks 91st in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $19.7B
Top Destination (2018): United States, $11.7B
Other Electrical Machinery are the world's 64th most traded product.
In 2018, the top exporters of Other Electrical Machinery were China ($19.7B), United States ($4.31B), Germany ($4.11B), Japan ($3.56B), and Mexico ($2.41B).
In 2018, the top importers of Other Electrical Machinery were United States ($11.7B), China ($4B), Hong Kong ($3.72B), Japan ($3.46B), and Germany ($2.76B).
Trade by country
Top Origin Growth (2017 - 2018): China, $3.72B
Top Destination Growth (2017 - 2018): United States, $2.57B
Between 2017 and 2018, the exports of Other Electrical Machinery grew the fastest in China ($3.72B), United States ($2.26B), Philippines ($1.14B), Thailand ($1.13B), and Israel ($422M).
Between 2017 and 2018, the fastest growing importers of Other Electrical Machinery were United States ($2.57B), Hong Kong ($1.54B), Mexico ($1.22B), Singapore ($1.01B), and China ($841M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Other Electrical Machinery.
In 2018, market concentration measured using Shannon Entropy, was 3.84. This means that most of the exports of Other Electrical Machinery are explained by 14 countries.
TOP NET EXPORTER (2018): China, $15.7B
TOP NET IMPORTER (2018): United States, $7.35B
This map shows which countries export or import more of Other Electrical Machinery. Each country is colored based on the difference in exports and imports of Other Electrical Machinery during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Other Electrical Machinery were China ($15.7B), Philippines ($1.9B), Germany ($1.34B), Malaysia ($928M), and Israel ($534M).
In 2018, the countries that had a largest trade value in imports than in exports of Other Electrical Machinery were United States ($7.35B), Hong Kong ($3.17B), India ($824M), Vietnam ($804M), and France ($800M).
This section shows forecasts for total trade for Other Electrical Machinery. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
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.
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