HS Icon Electric Batteries

Electric accumulators, including separators therefor; whether or not rectangular (including square)

8507 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Electric Batteries. In 2020, Electric Batteries were the world's 38th most traded product, with a total trade of $67.5B. Between 2019 and 2020 the exports of Electric Batteries grew by 14.5%, from $58.9B to $67.5B. Trade in Electric Batteries represent 0.4% of total world trade.

Electric Batteries are a part of Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television.... They include Electric accumulators, nes, Lead-acid electric accumulators (vehicle), Lead-acid electric accumulators except for vehicles, Parts of electric accumulators, including separators, Nickel-cadmium electric accumulators, and Nickel-iron electric accumulators.

Exports In 2020 the top exporters of Electric Batteries  were China ($20.5B), South Korea ($7.59B), Germany ($5.61B), Poland ($5.29B), and Japan ($4.45B).

Imports In 2020 the top importers of Electric Batteries were United States ($9.35B), Germany ($7.79B), China ($3.91B), Hong Kong ($3.06B), and France ($2.75B).

Tariffs In 2018 the average tariff for Electric Batteries was 8.71%, making it the 490th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Electric Batteries are Bermuda (35%), Uganda (34.3%), and Maldives (34.2%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking Electric Batteries ranks 211th in the Product Complexity Index (PCI).

Description Electric accumulators are used to store electricity for use in electrical devices. They can be made from a variety of materials, including lead acid, nickel cadmium, and lithium ion.

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The following visualization shows the latest trends on Electric Batteries. Countries are shown based on data availability.

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

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): China, $20.5B

Top Destination (2020): United States, $9.35B

Electric Batteries are the world's 38th most traded product.

In 2020, the top exporters of Electric Batteries were China ($20.5B), South Korea ($7.59B), Germany ($5.61B), Poland ($5.29B), and Japan ($4.45B).

In 2020, the top importers of Electric Batteries were United States ($9.35B), Germany ($7.79B), China ($3.91B), Hong Kong ($3.06B), and France ($2.75B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): China, $3.1B

Top Destination Growth (2019 - 2020): Germany, $2.66B

Between 2019 and 2020, the exports of Electric Batteries grew the fastest in China ($3.1B), Poland ($2.46B), Germany ($1.41B), Hungary ($1.12B), and South Korea ($467M).

Between 2019 and 2020, the fastest growing importers of Electric Batteries were Germany ($2.66B), United States ($1.54B), China ($825M), Spain ($746M), and Slovakia ($712M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Electric Batteries.

In 2020,  market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Electric Batteries are explained by 15 countries.

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TOP NET EXPORTER (2020): China, $16.6B

TOP NET IMPORTER (2020): United States, $5.95B

This map shows which countries export or import more of Electric Batteries. Each country is colored based on the difference in exports and imports of Electric Batteries during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Electric Batteries were China ($16.6B), South Korea ($5.57B), Poland ($3.08B), Japan ($2.71B), and Hungary ($1.35B).

In 2020, the countries that had a largest trade value in imports than in exports of Electric Batteries were United States ($5.95B), Hong Kong ($2.19B), Germany ($2.18B), France ($1.68B), and United Kingdom ($1.3B).

Disaggregation

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Value

In 2020, the world most traded Electric Batteries, disaggragated by their HS6 level were Electric accumulators, nes ($44.6B), Lead-acid electric accumulators (vehicle) ($10.4B), Lead-acid electric accumulators except for vehicles ($7.28B), Parts of electric accumulators, including separators ($4.37B), and Nickel-cadmium electric accumulators ($773M)

Country Comparison

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Ranking

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

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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