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Musical instruments; the sound of which is produced or must be amplified, electrically (e.g. organs, guitars, accordions)

9207 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.83BRnk 678 / 1217
2023
Top Exporter | Top Importer $908M | $576MChina | United States
2023
Product Complexity 0.4Rnk 414 / 1044
2022 - 2023
Export Growth (CAGR) -15.5%Rnk 919 / 1217
2023
Share of World Trade 0.013%Rnk 678 / 1217

About

Overview This page contains the latest trade data of Electric Musical Instruments. In 2023, Electric Musical Instruments were the world's 678th most traded product, with a total trade of $2.83B. Between 2022 and 2023 the exports of Electric Musical Instruments decreased by -15.5%, from $3.35B to $2.83B. Trade in Electric Musical Instruments represent 0.013% of total world trade.

Electric Musical Instruments are a part of Musical instruments. They include Keyboard instruments electrical/requiring amplifier and Musical instruments nes, electric/requiring amplifier.

Exports In 2023 the top exporters of Electric Musical Instruments  were China ($908M), Indonesia ($609M), United States ($290M), Malaysia ($173M), and Germany ($148M).

Imports In 2023 the top importers of Electric Musical Instruments were United States ($576M), Germany ($314M), Japan ($186M), United Kingdom ($162M), and Netherlands ($144M).

Ranking Electric Musical Instruments ranks 414th in the Product Complexity Index (PCI).

Description Musical instruments are used to produce sound. They can be made from a variety of materials, including wood, metal, and plastic.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Electric Musical Instruments. 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)China$908M
Top Destination (2023)United States$576M

In 2023 Electric Musical Instruments were the world's 678th most traded product (out of 1,217).

In 2023, the top exporters of Electric Musical Instruments were China ($908M), Indonesia ($609M), United States ($290M), Malaysia ($173M), and Germany ($148M).

In 2023, the top importers of Electric Musical Instruments were United States ($576M), Germany ($314M), Japan ($186M), United Kingdom ($162M), and Netherlands ($144M).

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Exporters of Electric Musical Instruments (2023)
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Importers of Electric Musical Instruments (2023)
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Market Dynamics

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Top Origin Growth (2022 -  2023)Italy$15M
Top Destination Growth (2022 -  2023)Netherlands$21.8M

Between 2022 and 2023, the exports of Electric Musical Instruments grew the fastest in Italy ($15M), United States ($13.4M), Netherlands ($7.27M), India ($5.2M), and Armenia ($4.53M).

Between 2022 and 2023, the fastest growing importers of Electric Musical Instruments were Netherlands ($21.8M), Russia ($18.5M), Kazakhstan ($8.26M), Turkey ($7.47M), and Slovakia ($4.61M).

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Exporters of Electric Musical Instruments (2022 - 2023)

Importers of Electric Musical Instruments (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electric Musical Instruments.

In 2023, market concentration measured using Shannon Entropy, was 3.37. This means that most of the exports of Electric Musical Instruments are explained by 10 countries.

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Value of Exports in Electric Musical Instruments

Net Trade

TOP NET EXPORTER (2023)China$787M
TOP NET IMPORTER (2023)United States$286M

This map shows which countries export or import more of Electric Musical Instruments. Each country is colored based on the difference in exports and imports of Electric Musical Instruments during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electric Musical Instruments were China ($787M), Indonesia ($592M), Malaysia ($143M), Mexico ($66.7M), and Sweden ($33.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Electric Musical Instruments were United States ($286M), Germany ($166M), United Kingdom ($142M), France ($108M), and Japan ($94.2M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Electric Musical Instruments, disaggragated by their HS6 level were Musical instruments nes, electric/requiring amplifier ($1.45B) and Keyboard instruments electrical/requiring amplifier ($1.38B)

HS6 Disaggregation for Electric Musical Instruments (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Electric Musical Instruments by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $11.5M
TOP IMPORT POTENTIALIndonesia+ $10M

Electric Musical Instruments’s highest export potential is India. With an export gap of $11.5M.  Electric Musical Instruments’s highest import potential is Indonesia with an import gap of $10M.

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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Electric Musical Instruments.

Country by Relatedness

The following visualization shows the relatedness of Electric Musical Instruments to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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