HS Icon Musical instruments; parts and accessories of such articles in  Flag United States

2020
Exports | Imports
: $637M | $1.31B, World Rnk 4 / 192
Flag Rnk 79 / 96 | World Rnk 1 / 218
Flag Rnk 80 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $5.7M | $9.2M, Australia |  Bermuda


ECONOMIC COMPLEXITY of United States
: 1.56, Rnk 9 / 127


PRODUCT COMPLEXITY  IN Musical instruments; parts and accessories of such articles
: 1.11, Rnk 12 / 96

Exports In 2020, United States exported $637M in Musical instruments; parts and accessories of such articles, making it the 4th largest exporter of Musical instruments; parts and accessories of such articles in the world. At the same year, Musical instruments; parts and accessories of such articles was the 79th most exported product in United States. The main destination of Musical instruments; parts and accessories of such articles exports from United States are: Japan ($91.6M), Canada ($76.7M), Germany ($66M), United Kingdom ($61.3M), and Netherlands ($50.7M).

The fastest growing export markets for Musical instruments; parts and accessories of such articles of United States between 2019 and 2020 were Australia ($5.7M), Israel ($2.12M), and United Kingdom ($1.82M).

Imports In 2020, United States imported $1.31B in Musical instruments; parts and accessories of such articles, becoming the 1st largest importer of Musical instruments; parts and accessories of such articles in the world. At the same year, Musical instruments; parts and accessories of such articles was the 80th most imported product in United States. United States imports Musical instruments; parts and accessories of such articles primarily from: China ($540M), Indonesia ($150M), Japan ($119M), Mexico ($79.9M), and Germany ($65.6M).

The fastest growing import markets in Musical instruments; parts and accessories of such articles for United States between 2019 and 2020 were Bermuda ($9.2M), Spain ($1.76M), and Poland ($1.24M).

Tariffs In 2018, the average tariff for United States in Musical instruments; parts and accessories of such articles was 1.93%. The countries with the highest import tariffs for Musical instruments; parts and accessories of such articles were Equatorial Guinea (Most Favoured Nation duty rate treatement, 2.77%), Libya (Most Favoured Nation duty rate treatement, 2.77%), Mayotte (Most Favoured Nation duty rate treatement, 2.77%), Reunion (Most Favoured Nation duty rate treatement, 2.77%), and Sudan (Most Favoured Nation duty rate treatement, 2.77%).

January 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (January 2021 - January 2022): $3.26M, (6.17%)

IMPORT GROWTH (January 2021 - January 2022): $40.6M, (40.4%)

MAIN EXPORTER (January 2022): California, $20.9M

MAIN DESTINATION (January 2022): Canada, $8.97M

This section shows Musical instruments; parts and accessories of such articles's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Musical instruments; parts and accessories of such articles over time.

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Historical Data

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EXPORTS (2020): $637M

IMPORTS (2020): $1.31B

NET TRADE (2020): -$673M

In 2020, United States exported $637M in Musical instruments; parts and accessories of such articles. The main destinations of United States exports on Musical instruments; parts and accessories of such articles were Japan ($91.6M), Canada ($76.7M), Germany ($66M), United Kingdom ($61.3M), and Netherlands ($50.7M).

In 2020, United States imported $1.31B in Musical instruments; parts and accessories of such articles, mainly from China ($540M), Indonesia ($150M), Japan ($119M), Mexico ($79.9M), and Germany ($65.6M).

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IN 2020, United States HAD A POSITIVE NET TRADE IN Musical instruments; parts and accessories of such articles WITH:

IN 2020, United States HAD A NEGATIVE NET TRADE IN Musical instruments; parts and accessories of such articles WITH:

Flow

THE FASTEST GROWING Musical instruments; parts and accessories of such articles EXPORT MARKETS FOR United States WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical instruments; parts and accessories of such articles BY United States WERE (2019 - 2020):

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Market Concentration

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Type

In 2019, United States's main exporting competitors in Musical instruments; parts and accessories of such articles were:

In 2019, United States's main importing competitors in Musical instruments; parts and accessories of such articles were:

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Tariffs by Country

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In 2018, the average tariff for United States in Musical instruments; parts and accessories of such articles was 1.93%.

The countries with the highest tariffs for Musical instruments; parts and accessories of such articles in United States were Equatorial Guinea (Most Favoured Nation duty rate treatement, 2.77%), Libya (Most Favoured Nation duty rate treatement, 2.77%), Mayotte (Most Favoured Nation duty rate treatement, 2.77%), Reunion (Most Favoured Nation duty rate treatement, 2.77%), and Sudan (Most Favoured Nation duty rate treatement, 2.77%).