Overview This page contains the latest trade data of Instruments. In 2020, Instruments were the world's 9th most traded product, with a total trade of $669B. Between 2019 and 2020 the exports of Instruments decreased by -3.02%, from $690B to $669B. Trade in Instruments represent 3.99% of total world trade.
Instruments include Medical Instruments, LCDs, Orthopedic Appliances, Other Measuring Instruments, Chemical Analysis Instruments, Thermostats, Optical Fibers and optical fibre bundles, Oscilloscopes, Base Metal Watches, and X-Ray Equipment, among others.
Exports In 2020 the top exporters of Instruments were United States ($98.4B), China ($89.7B), Germany ($74.5B), Japan ($52.3B), and Netherlands ($41B).
Imports In 2020 the top importers of Instruments were United States ($101B), China ($87.6B), Germany ($44.8B), Japan ($30.4B), and South Korea ($29.5B).
Tariffs In 2018 the average tariff for Instruments was 6.69%, making it the 15th lowest tariff using the Section product classification.
Ranking Instruments ranks 2nd in the Product Complexity Index (PCI).