HS Icon Stranded steel wire/cable/etc, no electric insulation

731210 (Harmonized System 1992 for 6-digit)

World Trade (2019): $6.55B, Rnk 484 / 4648

Top Exporter (2019): $1.83B, China

Top Importer (2019): $931M, United States

Product Complexity (2019): -0.11, Rnk 2793 / 4826

Export Growth (CAGR)(2018 - 2019): -2.89%, Rnk 2177 / 4648

Mean Tariff (2018): 8.02%, Rnk 2840 / 6538

Share of World Trade (2019): 0.036%, Rnk 484 / 4648

Overview:  This page contains the latest trade data of Stranded steel wire/cable/etc, no electric insulation. In 2019, Stranded steel wire/cable/etc, no electric insulation were the world's 484th most traded product, with a total trade of $6.55B. Between 2018 and 2019 the exports of Stranded steel wire/cable/etc, no electric insulation decreased by -2.89%, from  $6.74B to $6.55B. Trade in Stranded steel wire/cable/etc, no electric insulation represent 0.036% of total world trade.

Exports: In 2019 the top exporters of Stranded steel wire/cable/etc, no electric insulation  were China ($1.83B), South Korea ($510M), Germany ($428M), Vietnam ($403M), and United States ($257M).

Imports: In 2019 the top importers of Stranded steel wire/cable/etc, no electric insulation were United States ($931M), Germany ($347M), Thailand ($257M), South Korea ($224M), and Spain ($214M).

Tariffs: In 2018 the average tariff for Stranded steel wire/cable/etc, no electric insulation was 8.02%, making it the 2840th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Stranded steel wire/cable/etc, no electric insulation are Bahamas (40.2%), Bangladesh (25%), Bermuda (25%), Iran (22%), and Sudan (21.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Sri Lanka (0%).

Ranking: Stranded steel wire/cable/etc, no electric insulation ranks 2793rd in the Product Complexity Index (PCI).

Description: Stranded steel wire/cable is the most common type of wire used in electrical engineering applications. It is typically used in power transmission and distribution lines, for grounding, and in other applications where high-voltage or high-current electrical power is used.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.83B

Top Destination (2019): United States, $931M

Stranded steel wire/cable/etc, no electric insulation are the world's 484th most traded product.

In 2019, the top exporters of Stranded steel wire/cable/etc, no electric insulation were China ($1.83B), South Korea ($510M), Germany ($428M), Vietnam ($403M), and United States ($257M).

In 2019, the top importers of Stranded steel wire/cable/etc, no electric insulation were United States ($931M), Germany ($347M), Thailand ($257M), South Korea ($224M), and Spain ($214M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $60.3M

Top Destination Growth (2018 - 2019): Iraq, $27.1M

Between 2018 and 2019, the exports of Stranded steel wire/cable/etc, no electric insulation grew the fastest in China ($60.3M), Malaysia ($26.2M), Vietnam ($24.9M), Saudi Arabia ($18.8M), and Turkey ($14.7M).

Between 2018 and 2019, the fastest growing importers of Stranded steel wire/cable/etc, no electric insulation were Iraq ($27.1M), Thailand ($24.9M), Japan ($23.9M), South Korea ($23.3M), and Czechia ($8.22M).

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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 Stranded steel wire/cable/etc, no electric insulation.

In 2019,  market concentration measured using Shannon Entropy, was 4.43. This means that most of the exports of Stranded steel wire/cable/etc, no electric insulation are explained by 21 countries.

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TOP NET EXPORTER (2019): China, $1.64B

TOP NET IMPORTER (2019): United States, $674M

This map shows which countries export or import more of Stranded steel wire/cable/etc, no electric insulation. Each country is colored based on the difference in exports and imports of Stranded steel wire/cable/etc, no electric insulation during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Stranded steel wire/cable/etc, no electric insulation were China ($1.64B), South Korea ($286M), Vietnam ($239M), Romania ($121M), and Belarus ($114M).

In 2019, the countries that had a largest trade value in imports than in exports of Stranded steel wire/cable/etc, no electric insulation were United States ($674M), Poland ($130M), Canada ($113M), Japan ($91.4M), and Spain ($83.7M).

Import Tariffs

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In 2018, the average tariff for importing Stranded steel wire/cable/etc, no electric insulation was 8.02%.  The countries with the highest tariffs for importing Stranded steel wire/cable/etc, no electric insulation were Bahamas (40.2%), Bangladesh (25%), Bermuda (25%), Iran (22%), and Sudan (21.9%).

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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.