HS Icon Blank Audio Media

8523 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Blank Audio Media. In 2020, Blank Audio Media were the world's 53rd most traded product, with a total trade of $56B. Between 2019 and 2020 the exports of Blank Audio Media grew by 26%, from $44.5B to $56B. Trade in Blank Audio Media represent 0.33% of total world trade.

Blank Audio Media are a part of Electrical machinery and equipment. They include Unrecorded sound recording media except photo/magneti, Unrecorded magnetic discs, Unrecorded magnetic tapes, width > 6.5 mm, Unrecorded magnetic tapes, width < 4 mm, and Unrecorded magnetic tapes, width 4-6.5 mm.

Exports In 2020 the top exporters of Blank Audio Media  were South Korea ($10.4B), Chinese Taipei ($9.2B), China ($6.68B), Malaysia ($5.66B), and United States ($4.35B).

Imports In 2020 the top importers of Blank Audio Media were United States ($11.1B), China ($10.6B), Hong Kong ($4.67B), Mexico ($3.57B), and Thailand ($2.69B).

Tariffs In 2018 the average tariff for Blank Audio Media was 6.99%, making it the 622nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Blank Audio Media are Cameroon (29.4%), Chad (29.4%), Uzbekistan (27.8%), Algeria (27.5%), and Gabon (26.6%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking Blank Audio Media ranks 11th in the Product Complexity Index (PCI).

Description These products are used to store information. They can be made from a variety of materials, including plastic and metal.

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Y-AXIS SCALE

The following visualization shows the latest trends on Blank Audio Media. 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 (2020): South Korea, $10.4B

Top Destination (2020): United States, $11.1B

Blank Audio Media are the world's 53rd most traded product.

In 2020, the top exporters of Blank Audio Media were South Korea ($10.4B), Chinese Taipei ($9.2B), China ($6.68B), Malaysia ($5.66B), and United States ($4.35B).

In 2020, the top importers of Blank Audio Media were United States ($11.1B), China ($10.6B), Hong Kong ($4.67B), Mexico ($3.57B), and Thailand ($2.69B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): South Korea, $5.33B

Top Destination Growth (2019 - 2020): United States, $4.51B

Between 2019 and 2020, the exports of Blank Audio Media grew the fastest in South Korea ($5.33B), Malaysia ($1.85B), Chinese Taipei ($1.5B), China ($1.47B), and Singapore ($1.07B).

Between 2019 and 2020, the fastest growing importers of Blank Audio Media were United States ($4.51B), China ($3.7B), Mexico ($1.71B), South Korea ($652M), and Hong Kong ($605M).

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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 Blank Audio Media.

In 2020,  market concentration measured using Shannon Entropy, was 3.85. This means that most of the exports of Blank Audio Media are explained by 14 countries.

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TOP NET EXPORTER (2020): South Korea, $8.85B

TOP NET IMPORTER (2020): United States, $6.78B

This map shows which countries export or import more of Blank Audio Media. Each country is colored based on the difference in exports and imports of Blank Audio Media during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Blank Audio Media were South Korea ($8.85B), Chinese Taipei ($7.99B), Malaysia ($4.78B), Singapore ($2.9B), and Philippines ($845M).

In 2020, the countries that had a largest trade value in imports than in exports of Blank Audio Media were United States ($6.78B), Hong Kong ($4.19B), China ($3.96B), Mexico ($2.95B), and Thailand ($2.35B).

Disaggregation

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Value

In 2019, the world most traded Blank Audio Media, disaggragated by their HS6 level were Unrecorded sound recording media except photo/magneti ($52.1B), Unrecorded magnetic tapes, width > 6.5... ($3.82B), and Unrecorded magnetic discs ($113M)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Blank Audio Media.
It is possible to select the main countries that export or import Blank Audio Media in the world, or by continent, as well as select the measure of interest.

Import Tariffs

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In 2018, the average tariff for importing Blank Audio Media was 6.99%. The countries with the highest tariffs for importing Blank Audio Media were Cameroon (29.4%), Chad (29.4%), Uzbekistan (27.8%), Algeria (27.5%), and Gabon (26.6%).

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