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853690 (Harmonized System 1992 for 6-digit)

2023
World Trade $40.5BRnk 70 / 4644
2023
Top Exporter | Top Importer $9.57B | $4.53BChina | China
2023
Product Complexity 0.98Rnk 808 / 4656
2022 - 2023
Export Growth (CAGR) -6.78%Rnk 2321 / 4644
2023
Share of World Trade 0.18%Rnk 70 / 4644

About

Overview This page contains the latest trade data of Electrical switch, protector, connecter for < 1kV nes. In 2023, Electrical switch, protector, connecter for < 1kV nes were the world's 70th most traded product, with a total trade of $40.5B. Between 2022 and 2023 the exports of Electrical switch, protector, connecter for < 1kV nes decreased by -6.78%, from $43.5B to $40.5B. Trade in Electrical switch, protector, connecter for < 1kV nes represent 0.18% of total world trade.

Electrical switch, protector, connecter for < 1kV nes are a part of Low-voltage Protection Equipment.

Exports In 2023 the top exporters of Electrical switch, protector, connecter for < 1kV nes  were China ($9.57B), Germany ($4.89B), Japan ($4.29B), United States ($4.12B), and South Korea ($1.75B).

Imports In 2023 the top importers of Electrical switch, protector, connecter for < 1kV nes were China ($4.53B), Hong Kong ($3.93B), Mexico ($3.52B), United States ($3.16B), and Germany ($2.06B).

Ranking Electrical switch, protector, connecter for < 1kV nes ranks 808th in the Product Complexity Index (PCI).

Description Electrical switches are used to control the flow of electricity between electrical circuits and protect electrical equipment from potential electric shock. Electrical protectors are used to prevent high voltage electricity from traveling to ground. Connecters are used to join two or more electrical circuits.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Electrical switch, protector, connecter for < 1kV nes. 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$9.57B
Top Destination (2023)China$4.53B

In 2023 Electrical switch, protector, connecter for < 1kV nes were the world's 70th most traded product (out of 4,644).

In 2023, the top exporters of Electrical switch, protector, connecter for < 1kV nes were China ($9.57B), Germany ($4.89B), Japan ($4.29B), United States ($4.12B), and South Korea ($1.75B).

In 2023, the top importers of Electrical switch, protector, connecter for < 1kV nes were China ($4.53B), Hong Kong ($3.93B), Mexico ($3.52B), United States ($3.16B), and Germany ($2.06B).

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Exporters of Electrical switch, protector, connecter for < 1kV nes (2023)
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Importers of Electrical switch, protector, connecter for < 1kV nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Hong Kong$233M
Top Destination Growth (2022 -  2023)Morocco$195M

Between 2022 and 2023, the exports of Electrical switch, protector, connecter for < 1kV nes grew the fastest in Hong Kong ($233M), Spain ($224M), South Korea ($160M), Austria ($89.1M), and Turkey ($63.8M).

Between 2022 and 2023, the fastest growing importers of Electrical switch, protector, connecter for < 1kV nes were Morocco ($195M), France ($186M), South Korea ($117M), Russia ($115M), and United States ($83.4M).

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Exporters of Electrical switch, protector, connecter for < 1kV nes (2022 - 2023)

Importers of Electrical switch, protector, connecter for < 1kV nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electrical switch, protector, connecter for < 1kV nes.

In 2023, market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Electrical switch, protector, connecter for < 1kV nes are explained by 18 countries.

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Value of Exports in Electrical switch, protector, connecter for < 1kV nes

Net Trade

TOP NET EXPORTER (2023)China$5.04B
TOP NET IMPORTER (2023)Hong Kong$3.42B

This map shows which countries export or import more of Electrical switch, protector, connecter for < 1kV nes. Each country is colored based on the difference in exports and imports of Electrical switch, protector, connecter for < 1kV nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electrical switch, protector, connecter for < 1kV nes were China ($5.04B), Japan ($2.95B), Germany ($2.84B), South Korea ($1.1B), and United States ($958M).

In 2023, the countries that had a largest trade value in imports than in exports of Electrical switch, protector, connecter for < 1kV nes were Hong Kong ($3.42B), Mexico ($2.46B), Vietnam ($1.42B), Thailand ($645M), and Morocco ($436M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Electrical switch, protector, connecter for < 1kV nes.
It is possible to select the main countries that export or import Electrical switch, protector, connecter for < 1kV nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electrical switch, protector, connecter for < 1kV nes by percentage of total exports

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)

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