HS Icon Balances

9016 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Balances. In 2021, Balances were the world's 1071st most traded product, with a total trade of $394M. Between 2020 and 2021 the exports of Balances grew by 25.8%, from $313M to $394M. Trade in Balances represent 0.0019% 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 2021 the top exporters of Balances  were Germany ($104M), China ($100M), Netherlands ($46.9M), Switzerland ($28.4M), and Japan ($20.8M).

Imports In 2021 the top importers of Balances were United States ($57.8M), Netherlands ($25.2M), Germany ($23.4M), China ($23.2M), and India ($21.9M).

Tariffs In 2018 the average tariff for Balances was 5.16%, making it the 810th lowest tariff using the HS4 product classification.

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Flow
Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Germany, $104M

Top Destination (2021): United States, $57.8M

Balances are the world's 1071st most traded product.

In 2021, the top exporters of Balances were Germany ($104M), China ($100M), Netherlands ($46.9M), Switzerland ($28.4M), and Japan ($20.8M).

In 2021, the top importers of Balances were United States ($57.8M), Netherlands ($25.2M), Germany ($23.4M), China ($23.2M), and India ($21.9M).

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Market Dynamics

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Trade by country

Color

Top Origin Decrease (2020 -  2021): Denmark, -$1.06M

Top Destination Growth (2020 -  2021): United States, $15.9M

Between 2020 and 2021, the fastest declining exporters of Balances were Denmark (-$1.06M), South Korea (-$435k), Romania (-$248k), Malta (-$216k), and United Arab Emirates (-$169k).

Between 2020 and 2021, the fastest growing importers of Balances were United States ($15.9M), Canada ($8.34M), Germany ($6.37M), India ($6.21M), and South Korea ($4.74M).

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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 Balances.

In 2021, market concentration measured using Shannon Entropy, was 3.3. This means that most of the exports of Balances are explained by 9 countries.

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TOP NET EXPORTER (2021): Germany, $80.6M

TOP NET IMPORTER (2021): United States, $41.4M

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Balances were Germany ($80.6M), China ($77M), Netherlands ($21.8M), Switzerland ($15.5M), and Philippines ($14.5M).

In 2021, the countries that had a largest trade value in imports than in exports of Balances were United States ($41.4M), India ($20.7M), Canada ($14.1M), France ($10.9M), and United Kingdom ($9.86M).

Disaggregation

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Value

In 2021, the world most traded Balances, disaggragated by their HS6 level were N/A

Country Comparison

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Flow
Measure
Ranking

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.

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 Balances to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.