HS Icon Parts of electrical transformers and inductors

850490 (Harmonized System 1992 for 6-digit)

World Trade (2018): $9.83B, Rnk 315 / 4726

Top Exporter (2018): $2.41B, China

Top Importer (2018): $1.27B, United States

Product Complexity (2018): 0.29, Rnk 2092 / 4873

Export Growth (CAGR)(2017 - 2018): 31.6%, Rnk 735 / 4726

Mean Tariff (2018): 3.99%, Rnk 4978 / 6538

Share of World Trade (2018): 0.053%, Rnk 315 / 4726

Overview:  This page contains the latest trade data of Parts of electrical transformers and inductors. In 2018, Parts of electrical transformers and inductors were the world's 315th most traded product, with a total trade of $9.83B. Between 2017 and 2018 the exports of Parts of electrical transformers and inductors grew by 31.6%, from  $7.47B to $9.83B. Trade in Parts of electrical transformers and inductors represent 0.053% of total world trade.

Exports: In 2018 the top exporters of Parts of electrical transformers and inductors  were China ($2.41B), Germany ($1.17B), Japan ($486M), United States ($473M), and Sweden ($438M).

Imports: In 2018 the top importers of Parts of electrical transformers and inductors were United States ($1.27B), China ($1.11B), Hong Kong ($971M), Germany ($732M), and India ($486M).

Tariffs: In 2018 the average tariff for Parts of electrical transformers and inductors was 3.99%, been the 4978 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of electrical transformers and inductors are Bahamas (40.2%), Bermuda (25%), Bangladesh (21.3%), Maldives (19.6%), and Cambodia (19.4%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Parts of electrical transformers and inductors ranks 2092nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.41B

Top Destination (2018): United States, $1.27B

Parts of electrical transformers and inductors are the world's 315th most traded product.

In 2018, the top exporters of Parts of electrical transformers and inductors were China ($2.41B), Germany ($1.17B), Japan ($486M), United States ($473M), and Sweden ($438M).

In 2018, the top importers of Parts of electrical transformers and inductors were United States ($1.27B), China ($1.11B), Hong Kong ($971M), Germany ($732M), and India ($486M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $555M

Top Destination Growth (2017 - 2018): United States, $1.27B

Between 2017 and 2018, the exports of Parts of electrical transformers and inductors grew the fastest in China ($555M), Germany ($306M), Mexico ($248M), South Korea ($180M), and United States ($175M).

Between 2017 and 2018, the fastest growing importers of Parts of electrical transformers and inductors were United States ($1.27B), Mexico ($272M), Singapore ($164M), India ($122M), and China ($106M).

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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 Parts of electrical transformers and inductors.

In 2018,  market concentration measured using Shannon Entropy, was 4.51. This means that most of the exports of Parts of electrical transformers and inductors are explained by 22 countries.

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TOP NET EXPORTER (2018): China, $1.3B

TOP NET IMPORTER (2018): Hong Kong, $803M

This map shows which countries export or import more of Parts of electrical transformers and inductors. Each country is colored based on the difference in exports and imports of Parts of electrical transformers and inductors during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts of electrical transformers and inductors were China ($1.3B), Germany ($442M), Sweden ($371M), Japan ($220M), and South Korea ($209M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts of electrical transformers and inductors were Hong Kong ($803M), United States ($802M), India ($229M), Vietnam ($146M), and Indonesia ($95.2M).

Trade Forecasts

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This section shows forecasts for total trade for Parts of electrical transformers and inductors. 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 Parts of electrical transformers and inductors was 3.99%.  The countries with the highest tariffs for importing Parts of electrical transformers and inductors were Bahamas (40.2%), Bermuda (25%), Bangladesh (21.3%), Maldives (19.6%), and Cambodia (19.4%).

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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.