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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)

2022
World Trade $3.3BRnk 662 / 1218
2022
Top Exporter | Top Importer $1.03B | $726MChina | United States
2022
Product Complexity 0.7Rnk 287 / 1033
2021 - 2022
Export Growth (CAGR) 9.39%Rnk 428 / 1218
2022
Share of World Trade 0.014%Rnk 662 / 1218

About

Overview This page contains the latest trade data of Electric Musical Instruments. In 2022, Electric Musical Instruments were the world's 662nd most traded product, with a total trade of $3.3B. Between 2021 and 2022 the exports of Electric Musical Instruments grew by 9.39%, from $3.01B to $3.3B. Trade in Electric Musical Instruments represent 0.014% 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 2022 the top exporters of Electric Musical Instruments  were China ($1.03B), Indonesia ($664M), Germany ($306M), United States ($256M), and Malaysia ($247M).

Imports In 2022 the top importers of Electric Musical Instruments were United States ($726M), Germany ($398M), Japan ($210M), United Kingdom ($200M), and France ($160M).

Ranking Electric Musical Instruments ranks 287th 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 (2022)China$1.03B
Top Destination (2022)United States$726M

In 2022 Electric Musical Instruments were the world's 662nd most traded product (out of 1,218).

In 2022, the top exporters of Electric Musical Instruments were China ($1.03B), Indonesia ($664M), Germany ($306M), United States ($256M), and Malaysia ($247M).

In 2022, the top importers of Electric Musical Instruments were United States ($726M), Germany ($398M), Japan ($210M), United Kingdom ($200M), and France ($160M).

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Exporters of Electric Musical Instruments (2022)
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Importers of Electric Musical Instruments (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Indonesia$156M
Top Destination Growth (2021 -  2022)United States$136M

Between 2021 and 2022, the exports of Electric Musical Instruments grew the fastest in Indonesia ($156M), Mexico ($97.4M), Germany ($82.1M), Malaysia ($48.8M), and United States ($36.6M).

Between 2021 and 2022, the fastest growing importers of Electric Musical Instruments were United States ($136M), France ($38.7M), Canada ($25.3M), United Kingdom ($23.3M), and Japan ($17.3M).

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Exporters of Electric Musical Instruments (2021 - 2022)

Importers of Electric Musical Instruments (2021 - 2022)

Market Concentration

Value

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

In 2022, 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 (2022)China$920M
TOP NET IMPORTER (2022)United States$470M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Electric Musical Instruments were China ($920M), Indonesia ($650M), Malaysia ($210M), Mexico ($101M), and Sweden ($35.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Electric Musical Instruments were United States ($470M), United Kingdom ($160M), France ($120M), Japan ($116M), and Canada ($107M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Electric Musical Instruments, disaggragated by their HS6 level were Keyboard instruments electrical/requiring amplifier ($1.68B) and Musical instruments nes, electric/requiring amplifier ($1.61B)

HS6 Disaggregation for Electric Musical Instruments (2022)
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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.

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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 (2022)

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 (2022)

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