HS Icon Electricity

2716 (Harmonized System 1992 for 4-digit)

World Trade (2018): $12.1B, Rnk 287 / 1225

Top Exporter (2018): $2B, France

Top Importer (2018): $3.83B, Italy

Product Complexity (2018): -0.56, Rnk 715 / 1018

Export Growth (CAGR)(2017 - 2018): 116%, Rnk 10 / 1225

Mean Tariff (2018): 2.05%, Rnk 1228 / 1259

Share of World Trade (2018): 0.066%, Rnk 287 / 1225

Overview: In 2018, Electricity were the world's 287th most traded product, with a total trade of $12.1B. Between 2017 and 2018 the exports of Electricity grew by 116%, from  $5.61B to $12.1B. Trade in Electricity represent 0.066% of total world trade.

Exports: In 2018 the top exporters of Electricity  were France ($2B), Laos ($1.41B), Germany ($1.04B), Norway ($973M), and Switzerland ($951M).

Imports: In 2018 the top importers of Electricity were Italy ($3.83B), United Kingdom ($1.54B), Thailand ($1.41B), Croatia ($637M), and Sweden ($487M).

Tariffs: In 2018 the average tariff for Electricity was 2.05%, been the 1228 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electricity are Bermuda (25%), Madagascar (17.2%), Algeria (12.2%), Ethiopia (9.9%), and Cameroon (9.81%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mozambique (0%), and Rwanda (0%).

Ranking: Electricity ranks 715th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): France, $2B

Top Destination (2018): Italy, $3.83B

Electricity are the world's 287th most traded product.

In 2018, the top exporters of Electricity were France ($2B), Laos ($1.41B), Germany ($1.04B), Norway ($973M), and Switzerland ($951M).

In 2018, the top importers of Electricity were Italy ($3.83B), United Kingdom ($1.54B), Thailand ($1.41B), Croatia ($637M), and Sweden ($487M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Laos, $1.41B

Top Destination Growth (2017 - 2018): Italy, $1.61B

Between 2017 and 2018, the exports of Electricity grew the fastest in Laos ($1.41B), Norway ($973M), Switzerland ($951M), Slovenia ($386M), and Germany ($309M).

Between 2017 and 2018, the fastest growing importers of Electricity were Italy ($1.61B), Thailand ($1.41B), Sweden ($487M), United Kingdom ($479M), and Croatia ($446M).

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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 Electricity.

In 2018,  market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Electricity are explained by 20 countries.

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TOP NET EXPORTER (2018): France, $1.9B

TOP NET IMPORTER (2018): Italy, $3.48B

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

In 2018, the countries that had a largest trade value in exports than in imports of Electricity were France ($1.9B), Laos ($1.39B), Germany ($931M), Switzerland ($883M), and Norway ($626M).

In 2018, the countries that had a largest trade value in imports than in exports of Electricity were Italy ($3.48B), United Kingdom ($1.35B), Thailand ($1.32B), Croatia ($366M), and Sweden ($274M).

Trade Forecasts

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This section shows forecasts for total trade for Electricity. 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 Electricity was 2.05%.  The countries with the highest tariffs for importing Electricity were Bermuda (25%), Madagascar (17.2%), Algeria (12.2%), Ethiopia (9.9%), and Cameroon (9.81%).

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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.