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Balances; of a sensitivity of 5cg or better, with or without weights

2022
World Trade $402MRnk 1077 / 1218
2022
Top Exporter | Top Importer $102M | $51.8MChina | United States
2021 - 2022
Export Growth (CAGR) 1.68%Rnk 783 / 1218
2022
Share of World Trade 0.0017%Rnk 1077 / 1218

About

Overview This page contains the latest trade data of Balances. In 2022, Balances were the world's 1077th most traded product, with a total trade of $402M. Between 2021 and 2022 the exports of Balances grew by 1.68%, from $395M to $402M. Trade in Balances represent 0.0017% 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 2022 the top exporters of Balances  were China ($102M), Germany ($101M), Netherlands ($48.4M), Switzerland ($32.5M), and Japan ($21M).

Imports In 2022 the top importers of Balances were United States ($51.8M), Germany ($27.3M), India ($26.3M), China ($26M), and Netherlands ($22.8M).

Latest Trends

Latest Data

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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.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $3.79M
TOP IMPORT POTENTIALPhilippines+ $756k

Balances’s highest export potential is India. With an export gap of $3.79M.  Balances’s highest import potential is Philippines with an import gap of $756k.

See methodology.

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Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (NaN)

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