HS Icon Other Electrical Machinery

8543 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Other Electrical Machinery. In 2019, Other Electrical Machinery were the world's 61st most traded product, with a total trade of $54.1B. Between 2018 and 2019 the exports of Other Electrical Machinery decreased by -0.85%, from $54.5B to $54.1B. Trade in Other Electrical Machinery represent 0.3% of total world trade.

Exports: In 2019 the top exporters of Other Electrical Machinery  were China ($20.6B), United States ($4.97B), Germany ($4.12B), Japan ($3.44B), and Mexico ($2.53B).

Imports: In 2019 the top importers of Other Electrical Machinery were United States ($11.3B), Hong Kong ($3.94B), China ($3.89B), Japan ($3.5B), and Germany ($2.53B).

Tariffs: In 2018 the average tariff for Other Electrical Machinery was 4.94%, making it the 827th 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 68th in the Product Complexity Index (PCI).

Description: Electrical machines and apparatus are used to produce electricity. They can be made from a variety of materials, including copper, aluminum, steel, and plastic.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $20.6B

Top Destination (2019): United States, $11.3B

Other Electrical Machinery are the world's 61st most traded product.

In 2019, the top exporters of Other Electrical Machinery were China ($20.6B), United States ($4.97B), Germany ($4.12B), Japan ($3.44B), and Mexico ($2.53B).

In 2019, the top importers of Other Electrical Machinery were United States ($11.3B), Hong Kong ($3.94B), China ($3.89B), Japan ($3.5B), and Germany ($2.53B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $904M

Top Destination Growth (2018 - 2019): Hong Kong, $241M

Between 2018 and 2019, the exports of Other Electrical Machinery grew the fastest in China ($904M), Israel ($367M), Chinese Taipei ($327M), Netherlands ($123M), and Mexico ($103M).

Between 2018 and 2019, the fastest growing importers of Other Electrical Machinery were Hong Kong ($241M), Qatar ($166M), Netherlands ($161M), Russia ($138M), and France ($123M).

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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 Other Electrical Machinery.

In 2019,  market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Other Electrical Machinery are explained by 13 countries.

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TOP NET EXPORTER (2019): China, $16.7B

TOP NET IMPORTER (2019): United States, $6.29B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Other Electrical Machinery were China ($16.7B), Germany ($1.58B), Malaysia ($1.05B), Israel ($859M), and Mexico ($760M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Electrical Machinery were United States ($6.29B), Hong Kong ($3.37B), France ($928M), Russia ($707M), and India ($682M).

Disaggregation

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Value

In 2019, the world most traded Other Electrical Machinery, disaggragated by their HS6 level were Electrical machines and apparatus, nes ($40.9B), Parts of electrical machines and apparatus... ($10.5B), Signal generators ($1.23B), Apparatus for electro-plating, electrolysis, etc ($1.21B), and Particle accelerators ($205M)

Import Tariffs

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In 2018, the average tariff for importing Other Electrical Machinery was 4.94%. The countries with the highest tariffs for importing Other Electrical Machinery were Bermuda (20.8%), Samoa (20%), Ethiopia (19.8%), Maldives (18.3%), and Iran (17.8%).

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 Other Electrical Machinery to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.