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901600 (Harmonized System 1992 for 6-digit)

2023
World Trade $462MRnk 2930 / 4644
2023
Top Exporter | Top Importer $106M | $88MGermany | United States
2023
Product Complexity 1.01Rnk 752 / 4656
2022 - 2023
Export Growth (CAGR) 10%Rnk 683 / 4644
2023
Share of World Trade 0.002%Rnk 2930 / 4644

About

Overview This page contains the latest trade data of Balances of a sensitivity of 50 milligram or better. In 2023, Balances of a sensitivity of 50 milligram or better were the world's 2930th most traded product, with a total trade of $462M. Between 2022 and 2023 the exports of Balances of a sensitivity of 50 milligram or better grew by 10%, from $420M to $462M. Trade in Balances of a sensitivity of 50 milligram or better represent 0.002% of total world trade.

Balances of a sensitivity of 50 milligram or better are a part of Balances.

Exports In 2023 the top exporters of Balances of a sensitivity of 50 milligram or better  were Germany ($106M), China ($93.1M), Netherlands ($86.8M), Switzerland ($63.6M), and Philippines ($19M).

Imports In 2023 the top importers of Balances of a sensitivity of 50 milligram or better were United States ($88M), China ($41.6M), Germany ($33M), India ($28.2M), and United Kingdom ($17.2M).

Ranking Balances of a sensitivity of 50 milligram or better ranks 752nd in the Product Complexity Index (PCI).

Description Balance is the difference between two readings on a scale. A sensitivity of 50 milligram or better is the amount of weight needed to cause a reading on a balance. A balance with this sensitivity can measure the weight of a small pill.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Balances of a sensitivity of 50 milligram or better. 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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Historical Data

Exporters and Importers

Top Origin (2023)Germany$106M
Top Destination (2023)United States$88M

In 2023 Balances of a sensitivity of 50 milligram or better were the world's 2930th most traded product (out of 4,644).

In 2023, the top exporters of Balances of a sensitivity of 50 milligram or better were Germany ($106M), China ($93.1M), Netherlands ($86.8M), Switzerland ($63.6M), and Philippines ($19M).

In 2023, the top importers of Balances of a sensitivity of 50 milligram or better were United States ($88M), China ($41.6M), Germany ($33M), India ($28.2M), and United Kingdom ($17.2M).

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Exporters of Balances of a sensitivity of 50 milligram or better (2023)
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Importers of Balances of a sensitivity of 50 milligram or better (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Netherlands$42.6M
Top Destination Growth (2022 -  2023)United States$37.8M

Between 2022 and 2023, the exports of Balances of a sensitivity of 50 milligram or better grew the fastest in Netherlands ($42.6M), Germany ($6.97M), Switzerland ($4.51M), Philippines ($1.79M), and Estonia ($1.29M).

Between 2022 and 2023, the fastest growing importers of Balances of a sensitivity of 50 milligram or better were United States ($37.8M), China ($11.5M), Russia ($4.73M), Mexico ($2.44M), and United Arab Emirates ($1.79M).

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Exporters of Balances of a sensitivity of 50 milligram or better (2022 - 2023)

Importers of Balances of a sensitivity of 50 milligram or better (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Balances of a sensitivity of 50 milligram or better.

In 2023, market concentration measured using Shannon Entropy, was 3.29. This means that most of the exports of Balances of a sensitivity of 50 milligram or better are explained by 9 countries.

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Value of Exports in Balances of a sensitivity of 50 milligram or better

Net Trade

TOP NET EXPORTER (2023)Netherlands$76.2M
TOP NET IMPORTER (2023)United States$76.4M

This map shows which countries export or import more of Balances of a sensitivity of 50 milligram or better. Each country is colored based on the difference in exports and imports of Balances of a sensitivity of 50 milligram or better during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Balances of a sensitivity of 50 milligram or better were Netherlands ($76.2M), Germany ($73M), China ($51.5M), Switzerland ($49.3M), and Philippines ($16.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Balances of a sensitivity of 50 milligram or better were United States ($76.4M), India ($26.3M), United Kingdom ($13.1M), Canada ($10.7M), and Russia ($9.26M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Balances of a sensitivity of 50 milligram or better.
It is possible to select the main countries that export or import Balances of a sensitivity of 50 milligram or better in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Balances of a sensitivity of 50 milligram or better by percentage of total exports

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 (2023)

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