Balances9016 (Harmonized System 1992 for 4-digit)
2020 World Trade: $299M, Rnk 1086 / 1217
2020 Top Exporter | Top Importer: $83.6M | $41.9M, Germany | United States
2019 - 2020 Export Growth (CAGR): -34.3%, Rnk 1171 / 1217
2018 Mean Tariff: 5.16%, Rnk 810 / 1259
2020 Share of World Trade: 0.0018%, Rnk 1086 / 1217
Overview This page contains the latest trade data of Balances. In 2020, Balances were the world's 1086th most traded product, with a total trade of $299M. Between 2019 and 2020 the exports of Balances decreased by -34.3%, from $455M to $299M. Trade in Balances represent 0.0018% of total world trade.
Balances are a part of Optical, photo, & film equipment; medical instruments. They include Balances of a sensitivity of 50 milligram or better.
Exports In 2020 the top exporters of Balances were Germany ($83.6M), China ($60.4M), Netherlands ($36.6M), Switzerland ($23.2M), and Japan ($17.9M).
Imports In 2020 the top importers of Balances were United States ($41.9M), China ($20.2M), Germany ($17.1M), India ($15.6M), and France ($15.2M).
Tariffs In 2018 the average tariff for Balances was 5.16%, making it the 810th lowest tariff using the HS4 product classification.
The following visualization shows the latest trends on Balances. 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.
Trade By Country
Top Origin (2020): Germany, $83.6M
Top Destination (2020): United States, $41.9M
Balances are the world's 1086th most traded product.
In 2020, the top exporters of Balances were Germany ($83.6M), China ($60.4M), Netherlands ($36.6M), Switzerland ($23.2M), and Japan ($17.9M).
In 2020, the top importers of Balances were United States ($41.9M), China ($20.2M), Germany ($17.1M), India ($15.6M), and France ($15.2M).
Trade by country
Top Origin Growth (2019 - 2020): South Korea, $1.69M
Top Destination Growth (2019 - 2020): Ireland, $894k
Between 2019 and 2020, the exports of Balances grew the fastest in South Korea ($1.69M), Hong Kong ($861k), Denmark ($537k), Estonia ($369k), and Canada ($326k).
Between 2019 and 2020, the fastest growing importers of Balances were Ireland ($894k), United Arab Emirates ($721k), Denmark ($718k), Ethiopia ($661k), and France ($528k).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Balances.
In 2020, market concentration measured using Shannon Entropy, was 3.43. This means that most of the exports of Balances are explained by 10 countries.
TOP NET EXPORTER (2020): Germany, $66.6M
TOP NET IMPORTER (2020): United States, $30.4M
This map shows which countries export or import more of Balances. Each country is colored based on the difference in exports and imports of Balances during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Balances were Germany ($66.6M), China ($40.1M), Netherlands ($23.5M), Switzerland ($14.1M), and Philippines ($12.4M).
In 2020, the countries that had a largest trade value in imports than in exports of Balances were United States ($30.4M), India ($14.6M), France ($12.1M), Canada ($6.36M), and Russia ($6.15M).
In 2020, the world most traded Balances, disaggragated by their HS6 level were Balances of a sensitivity of 50... ($299M)
This visualization shows the countries that have an important ratio of their trade related to Balances. It is possible to select the main countries that export or import Balances in the world, or by continent, as well as select the measure of interest.
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.
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