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Electrical insulators of any material

8546 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.68BRnk 696 / 1217
2023
Top Exporter | Top Importer $823M | $406MChina | United States
2023
Product Complexity 1.19Rnk 113 / 1044
2022 - 2023
Export Growth (CAGR) 1.1%Rnk 368 / 1217
2023
Share of World Trade 0.012%Rnk 696 / 1217

About

Overview This page contains the latest trade data of Electrical Insulators. In 2023, Electrical Insulators were the world's 696th most traded product, with a total trade of $2.68B. Between 2022 and 2023 the exports of Electrical Insulators grew by 1.1%, from $2.65B to $2.68B. Trade in Electrical Insulators represent 0.012% of total world trade.

Electrical Insulators are a part of Electrical machinery and electronics. They include Electrical insulators, except glass/ceramics, Electrical insulators of ceramics, and Electrical insulators of glass.

Exports In 2023 the top exporters of Electrical Insulators  were China ($823M), United States ($226M), Germany ($216M), Italy ($207M), and India ($158M).

Imports In 2023 the top importers of Electrical Insulators were United States ($406M), Saudi Arabia ($130M), Germany ($125M), Mexico ($123M), and Canada ($111M).

Ranking Electrical Insulators ranks 113th in the Product Complexity Index (PCI).

Description Electrical insulators are used to protect electrical equipment from the elements. They can be made from a variety of materials, including ceramic, glass, and plastic.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electrical Insulators. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$823M
Top Destination (2023)United States$406M

In 2023 Electrical Insulators were the world's 696th most traded product (out of 1,217).

In 2023, the top exporters of Electrical Insulators were China ($823M), United States ($226M), Germany ($216M), Italy ($207M), and India ($158M).

In 2023, the top importers of Electrical Insulators were United States ($406M), Saudi Arabia ($130M), Germany ($125M), Mexico ($123M), and Canada ($111M).

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Exporters of Electrical Insulators (2023)
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Importers of Electrical Insulators (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$32.8M
Top Destination Growth (2022 -  2023)Saudi Arabia$44.9M

Between 2022 and 2023, the exports of Electrical Insulators grew the fastest in Italy ($32.8M), Spain ($25.4M), India ($16.4M), Russia ($12.6M), and United States ($11.7M).

Between 2022 and 2023, the fastest growing importers of Electrical Insulators were Saudi Arabia ($44.9M), Turkey ($20.6M), India ($12.2M), Canada ($11.7M), and Czechia ($9.67M).

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Exporters of Electrical Insulators (2022 - 2023)

Importers of Electrical Insulators (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical Insulators.

In 2023, market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Electrical Insulators are explained by 17 countries.

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Value of Exports in Electrical Insulators

Net Trade

TOP NET EXPORTER (2023)China$755M
TOP NET IMPORTER (2023)United States$180M

This map shows which countries export or import more of Electrical Insulators. Each country is colored based on the difference in exports and imports of Electrical Insulators during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electrical Insulators were China ($755M), Italy ($111M), Germany ($91.3M), Japan ($52M), and India ($50.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Electrical Insulators were United States ($180M), Saudi Arabia ($130M), Canada ($63.2M), Mexico ($49.3M), and Philippines ($43.7M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Electrical Insulators, disaggragated by their HS6 level were Electrical insulators, except glass/ceramics ($1.57B), Electrical insulators of ceramics ($788M), and Electrical insulators of glass ($318M)

HS6 Disaggregation for Electrical Insulators (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Electrical Insulators.
It is possible to select the main countries that export or import Electrical Insulators in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electrical Insulators by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $20.8M
TOP IMPORT POTENTIALIndia+ $3.76M

Electrical Insulators’s highest export potential is India. With an export gap of $20.8M.  Electrical Insulators’s highest import potential is India with an import gap of $3.76M.

See methodology.

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Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Electrical Insulators.

Country by Relatedness

The following visualization shows the relatedness of Electrical Insulators to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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