HS Icon Radio remote control apparatus

852692 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $3.94B, Rnk 778 / 4648

2019
Top Exporter | Top Importer
: $1.19B | $1.24B, China | United States

2019
Product Complexity
: 0.52, Rnk 1639 / 4826

2018 - 2019
Export Growth (CAGR)
: 7.77%, Rnk 550 / 4648

2018
Mean Tariff
: 4.18%, Rnk 4820 / 6538

 2019
Share of World Trade
: 0.022%, Rnk 778 / 4648

Overview:  This page contains the latest trade data of Radio remote control apparatus. In 2019, Radio remote control apparatus were the world's 778th most traded product, with a total trade of $3.94B. Between 2018 and 2019 the exports of Radio remote control apparatus grew by 7.77%, from  $3.66B to $3.94B. Trade in Radio remote control apparatus represent 0.022% of total world trade.

Exports: In 2019 the top exporters of Radio remote control apparatus  were China ($1.19B), Germany ($552M), Mexico ($499M), United States ($433M), and Chinese Taipei ($123M).

Imports: In 2019 the top importers of Radio remote control apparatus were United States ($1.24B), Germany ($269M), Mexico ($255M), China ($206M), and Canada ($153M).

Tariffs: In 2018 the average tariff for Radio remote control apparatus was 4.18%, making it the 4820th 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 1639th in the Product Complexity Index (PCI).

Description: Radio remote control apparatus is used to control electrical devices.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.19B

Top Destination (2019): United States, $1.24B

Radio remote control apparatus are the world's 778th most traded product.

In 2019, the top exporters of Radio remote control apparatus were China ($1.19B), Germany ($552M), Mexico ($499M), United States ($433M), and Chinese Taipei ($123M).

In 2019, the top importers of Radio remote control apparatus were United States ($1.24B), Germany ($269M), Mexico ($255M), China ($206M), and Canada ($153M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $233M

Top Destination Growth (2018 - 2019): United States, $206M

Between 2018 and 2019, the exports of Radio remote control apparatus grew the fastest in China ($233M), Hong Kong ($32M), Chinese Taipei ($28.8M), Mexico ($17.6M), and Morocco ($13.5M).

Between 2018 and 2019, the fastest growing importers of Radio remote control apparatus were United States ($206M), Germany ($29.5M), Indonesia ($27.3M), Vietnam ($24.7M), and Netherlands ($18.6M).

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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 2019,  market concentration measured using Shannon Entropy, was 3.72. This means that most of the exports of Radio remote control apparatus are explained by 13 countries.

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TOP NET EXPORTER (2019): China, $987M

TOP NET IMPORTER (2019): United States, $807M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Radio remote control apparatus were China ($987M), Germany ($284M), Mexico ($244M), Chinese Taipei ($101M), and Tunisia ($49.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Radio remote control apparatus were United States ($807M), Canada ($122M), Netherlands ($119M), Indonesia ($82.9M), and United Kingdom ($75.7M).

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.