HS Icon Radio remote control apparatus

852692 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.55B, Rnk 865 / 4726

Top Exporter (2018): $963M, China

Top Importer (2018): $1.04B, United States

Product Complexity (2018): 0.48, Rnk 1710 / 4873

Export Growth (CAGR)(2017 - 2018): 15.4%, Rnk 1848 / 4726

Mean Tariff (2018): 4.18%, Rnk 4820 / 6538

Share of World Trade (2018): 0.019%, Rnk 865 / 4726

Overview:  This page contains the latest trade data of Radio remote control apparatus. In 2018, Radio remote control apparatus were the world's 865th most traded product, with a total trade of $3.55B. Between 2017 and 2018 the exports of Radio remote control apparatus grew by 15.4%, from  $3.08B to $3.55B. Trade in Radio remote control apparatus represent 0.019% of total world trade.

Exports: In 2018 the top exporters of Radio remote control apparatus  were China ($963M), Germany ($565M), Mexico ($479M), United States ($358M), and France ($123M).

Imports: In 2018 the top importers of Radio remote control apparatus were United States ($1.04B), Mexico ($258M), China ($244M), Germany ($240M), and Japan ($160M).

Tariffs: In 2018 the average tariff for Radio remote control apparatus was 4.18%, been the 4820 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Radio remote control apparatus are Bahamas (26.8%), Bermuda (25%), Ecuador (21.4%), Samoa (20%), and Republic of the Congo (19.6%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Radio remote control apparatus ranks 1710th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $963M

Top Destination (2018): United States, $1.04B

Radio remote control apparatus are the world's 865th most traded product.

In 2018, the top exporters of Radio remote control apparatus were China ($963M), Germany ($565M), Mexico ($479M), United States ($358M), and France ($123M).

In 2018, the top importers of Radio remote control apparatus were United States ($1.04B), Mexico ($258M), China ($244M), Germany ($240M), and Japan ($160M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $133M

Top Destination Growth (2017 - 2018): United States, $238M

Between 2017 and 2018, the exports of Radio remote control apparatus grew the fastest in Germany ($133M), United States ($125M), China ($109M), Japan ($30.5M), and Sweden ($24.4M).

Between 2017 and 2018, the fastest growing importers of Radio remote control apparatus were United States ($238M), Mexico ($112M), Netherlands ($55.4M), France ($19.8M), and Italy ($17.9M).

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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 Radio remote control apparatus.

In 2018,  market concentration measured using Shannon Entropy, was 3.75. This means that most of the exports of Radio remote control apparatus are explained by 13 countries.

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TOP NET EXPORTER (2018): China, $719M

TOP NET IMPORTER (2018): United States, $679M

This map shows which countries export or import more of Radio remote control apparatus. Each country is colored based on the difference in exports and imports of Radio remote control apparatus during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Radio remote control apparatus were China ($719M), Germany ($325M), Mexico ($221M), Chinese Taipei ($79M), and Tunisia ($43.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Radio remote control apparatus were United States ($679M), Netherlands ($101M), United Kingdom ($71M), Spain ($59.5M), and Canada ($55.4M).

Trade Forecasts

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This section shows forecasts for total trade for Radio remote control apparatus. 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 Radio remote control apparatus was 4.18%.  The countries with the highest tariffs for importing Radio remote control apparatus were Bahamas (26.8%), Bermuda (25%), Ecuador (21.4%), Samoa (20%), and Republic of the Congo (19.6%).

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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.