Electrical Machinery (HS 85)
Electrical machinery exports (HS 85, the middle panels of Figure 5) also grew as
the result of new goods. The growth is not quite as concentrated as in HS 84, but it is still
dominated by three product categories, phones (HS 8517), monitors and televisions
(HS 8528), and integrated electronic circuits (HS 8542). Moreover, the 8-digit data
(bottom panels of Figure 6) show that the growth in these categories was also almost
wholly accounted for by cell phones, liquid crystal displays (LCDs), and microprocessors
and memory. LCD technology also accounted for the majority of the surge in the optical
apparatus (HS 90) category (the bottom panels of Figure 5). As was the case with laptops
transforming the computer market, cell phones and LCDs revolutionized the telephone,
television, and computer monitor markets.