HS Icon Printed Circuit Boards

8534 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Printed Circuit Boards. In 2019, Printed Circuit Boards were the world's 90th most traded product, with a total trade of $41.7B. Between 2018 and 2019 the exports of Printed Circuit Boards decreased by -4.88%, from $43.8B to $41.7B. Trade in Printed Circuit Boards represent 0.23% of total world trade.

Exports: In 2019 the top exporters of Printed Circuit Boards  were China ($16.8B), Chinese Taipei ($5.38B), South Korea ($4.8B), Japan ($2.9B), and Hong Kong ($1.38B).

Imports: In 2019 the top importers of Printed Circuit Boards were Hong Kong ($9.7B), China ($6.14B), Vietnam ($2.92B), United States ($2.16B), and South Korea ($1.94B).

Tariffs: In 2018 the average tariff for Printed Circuit Boards was 4.77%, making it the 861st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Printed Circuit Boards are Bahamas (40.2%), Iran (30%), Bermuda (25%), Pakistan (19.9%), and Ethiopia (19.8%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Mauritius (0%), South Africa (0%), and United Arab Emirates (0%).

Ranking: Printed Circuit Boards ranks 189th in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $16.8B

Top Destination (2019): Hong Kong, $9.7B

Printed Circuit Boards are the world's 90th most traded product.

In 2019, the top exporters of Printed Circuit Boards were China ($16.8B), Chinese Taipei ($5.38B), South Korea ($4.8B), Japan ($2.9B), and Hong Kong ($1.38B).

In 2019, the top importers of Printed Circuit Boards were Hong Kong ($9.7B), China ($6.14B), Vietnam ($2.92B), United States ($2.16B), and South Korea ($1.94B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $259M

Top Destination Growth (2018 - 2019): Chinese Taipei, $180M

Between 2018 and 2019, the exports of Printed Circuit Boards grew the fastest in Vietnam ($259M), Philippines ($89.1M), Belgium ($26.1M), Mexico ($18.7M), and Macau ($18M).

Between 2018 and 2019, the fastest growing importers of Printed Circuit Boards were Chinese Taipei ($180M), Vietnam ($118M), Philippines ($69.2M), India ($45.9M), and Iran ($28M).

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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 Printed Circuit Boards.

In 2019,  market concentration measured using Shannon Entropy, was 3.3. This means that most of the exports of Printed Circuit Boards are explained by 9 countries.

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TOP NET EXPORTER (2019): China, $10.7B

TOP NET IMPORTER (2019): Hong Kong, $8.32B

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

In 2019, the countries that had a largest trade value in exports than in imports of Printed Circuit Boards were China ($10.7B), Chinese Taipei ($3.67B), South Korea ($2.86B), Japan ($1.82B), and Thailand ($161M).

In 2019, the countries that had a largest trade value in imports than in exports of Printed Circuit Boards were Hong Kong ($8.32B), Vietnam ($1.84B), Mexico ($1.56B), United States ($928M), and Malaysia ($818M).

Disaggregation

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Value

In 2019, the world most traded Printed Circuit Boards, disaggragated by their HS6 level were Electronic printed circuits ($41.7B)

Import Tariffs

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In 2018, the average tariff for importing Printed Circuit Boards was 4.77%. The countries with the highest tariffs for importing Printed Circuit Boards were Bahamas (40.2%), Iran (30%), Bermuda (25%), Pakistan (19.9%), and Ethiopia (19.8%).

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 Printed Circuit Boards to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.