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Insulating fittings; for electrical machines, appliances, equipment, excluding insulators of heading no. 8546, electrical conduit tubing and joints therefore

8547 (Harmonized System 1992 for 4-digit)

2022
World Trade $7BRnk 470 / 1218
2022
Top Exporter | Top Importer $1.34B | $757MGermany | China
2022
Product Complexity 1.1Rnk 135 / 1033
2021 - 2022
Export Growth (CAGR) -4.02%Rnk 1004 / 1218
2022
Share of World Trade 0.03%Rnk 470 / 1218

About

Overview This page contains the latest trade data of Metal Insulating Fittings. In 2022, Metal Insulating Fittings were the world's 470th most traded product, with a total trade of $7B. Between 2021 and 2022 the exports of Metal Insulating Fittings decreased by -4.02%, from $7.3B to $7B. Trade in Metal Insulating Fittings represent 0.03% of total world trade.

Metal Insulating Fittings are a part of Electrical machinery and electronics. They include Electrical insulating fittings of plastics, Electrical insulating fittings except plastic/ceramic, and Electrical insulating fittings of ceramics.

Exports In 2022 the top exporters of Metal Insulating Fittings  were Germany ($1.34B), China ($989M), Japan ($738M), United States ($573M), and Czechia ($562M).

Imports In 2022 the top importers of Metal Insulating Fittings were China ($757M), Germany ($534M), United States ($534M), Mexico ($392M), and Czechia ($349M).

Ranking Metal Insulating Fittings ranks 135th in the Product Complexity Index (PCI).

Description Insulating fittings are used to connect electrical machines, appliances or equipment. They can be made from a variety of materials, including plastic and rubber.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Metal Insulating Fittings. 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 (2022)Germany$1.34B
Top Destination (2022)China$757M

In 2022 Metal Insulating Fittings were the world's 470th most traded product (out of 1,218).

In 2022, the top exporters of Metal Insulating Fittings were Germany ($1.34B), China ($989M), Japan ($738M), United States ($573M), and Czechia ($562M).

In 2022, the top importers of Metal Insulating Fittings were China ($757M), Germany ($534M), United States ($534M), Mexico ($392M), and Czechia ($349M).

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Exporters of Metal Insulating Fittings (2022)
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Importers of Metal Insulating Fittings (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$93.6M
Top Destination Growth (2021 -  2022)Chinese Taipei$35.3M

Between 2021 and 2022, the exports of Metal Insulating Fittings grew the fastest in China ($93.6M), United States ($68.2M), Malaysia ($21.6M), India ($10.6M), and Thailand ($9.64M).

Between 2021 and 2022, the fastest growing importers of Metal Insulating Fittings were Chinese Taipei ($35.3M), Mexico ($31.5M), Singapore ($29.2M), Saudi Arabia ($22.2M), and Morocco ($20.4M).

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Exporters of Metal Insulating Fittings (2021 - 2022)

Importers of Metal Insulating Fittings (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Metal Insulating Fittings.

In 2022, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Metal Insulating Fittings are explained by 18 countries.

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Value of Exports in Metal Insulating Fittings

Net Trade

TOP NET EXPORTER (2022)Germany$803M
TOP NET IMPORTER (2022)Morocco$225M

This map shows which countries export or import more of Metal Insulating Fittings. Each country is colored based on the difference in exports and imports of Metal Insulating Fittings during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Metal Insulating Fittings were Germany ($803M), Japan ($568M), China ($232M), Czechia ($213M), and Austria ($158M).

In 2022, the countries that had a largest trade value in imports than in exports of Metal Insulating Fittings were Morocco ($225M), Mexico ($211M), Romania ($141M), Tunisia ($138M), and Serbia ($116M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Metal Insulating Fittings, disaggragated by their HS6 level were Electrical insulating fittings of plastics ($4.92B), Electrical insulating fittings except plastic/ceramic ($1.4B), and Electrical insulating fittings of ceramics ($687M)

HS6 Disaggregation for Metal Insulating Fittings (2022)
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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 Metal Insulating Fittings.
It is possible to select the main countries that export or import Metal Insulating Fittings in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Metal Insulating Fittings by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $7.86M
TOP IMPORT POTENTIALChina+ $7.75M

Metal Insulating Fittings’s highest export potential is China. With an export gap of $7.86M.  Metal Insulating Fittings’s highest import potential is China with an import gap of $7.75M.

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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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Metal Insulating Fittings.

Country by Relatedness

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

Relative Relatedness by Country (2022)

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