Blank Audio Media8523 (Harmonized System 1992 for 4-digit)
2020 World Trade: $56B, Rnk 53 / 1217
2020 Top Exporter | Top Importer: $10.4B | $11.1B, South Korea | United States
2020 Product Complexity: 1.88, Rnk 11 / 1028
2019 - 2020 Export Growth (CAGR): 26%, Rnk 35 / 1217
2018 Mean Tariff: 6.99%, Rnk 622 / 1259
2020 Share of World Trade: 0.33%, Rnk 53 / 1217
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 electronics. 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.
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.
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.
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).
Trade by country
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).
Cumulative market share
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.
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).
In 2020, 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)
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.
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb