HS Icon Laboratory Reagents

Reagents; diagnostic or laboratory reagents on a backing and prepared diagnostic or laboratory reagents whether or not on a backing, other than those of heading no. 3002 or 3006; certified reference material

3822 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Laboratory Reagents. In 2021, Laboratory Reagents were the world's 90th most traded product, with a total trade of $48.3B. Between 2020 and 2021 the exports of Laboratory Reagents grew by 20.1%, from $40.2B to $48.3B. Trade in Laboratory Reagents represent 0.0023% of total world trade.

Laboratory Reagents are a part of Chemical products n.e.s.. They include Composite diagnostic or laboratory reagents, others.

Exports In 2021 the top exporters of Laboratory Reagents  were United States ($11.4B), Germany ($6.66B), China ($4.42B), Netherlands ($4.13B), and United Kingdom ($2.89B).

Imports In 2021 the top importers of Laboratory Reagents were United States ($5.81B), Germany ($5.14B), Netherlands ($3.2B), China ($2.81B), and United Kingdom ($2.28B).

Tariffs In 2018 the average tariff for Laboratory Reagents was 3.4%, making it the 1106th lowest tariff using the HS4 product classification.

Ranking Laboratory Reagents ranks 49th in the Product Complexity Index (PCI).

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The following visualization shows the latest trends on Laboratory Reagents. 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 (2021): United States, $11.4B

Top Destination (2021): United States, $5.81B

Laboratory Reagents are the world's 90th most traded product.

In 2021, the top exporters of Laboratory Reagents were United States ($11.4B), Germany ($6.66B), China ($4.42B), Netherlands ($4.13B), and United Kingdom ($2.89B).

In 2021, the top importers of Laboratory Reagents were United States ($5.81B), Germany ($5.14B), Netherlands ($3.2B), China ($2.81B), and United Kingdom ($2.28B).

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Market Dynamics

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Trade by country

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Top Origin Growth (2020 -  2021): United States, $1.67B

Top Destination Growth (2020 -  2021): Germany, $1.14B

Between 2020 and 2021, the exports of Laboratory Reagents grew the fastest in United States ($1.67B), China ($1.13B), Germany ($1.1B), Netherlands ($977M), and Singapore ($476M).

Between 2020 and 2021, the fastest growing importers of Laboratory Reagents were Germany ($1.14B), United States ($824M), Netherlands ($651M), China ($447M), and Vietnam ($443M).

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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 Laboratory Reagents.

In 2021, market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Laboratory Reagents are explained by 16 countries.

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TOP NET EXPORTER (2021): United States, $5.56B

TOP NET IMPORTER (2021): Italy, $1.3B

This map shows which countries export or import more of Laboratory Reagents. Each country is colored based on the difference in exports and imports of Laboratory Reagents during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Laboratory Reagents were United States ($5.56B), China ($1.61B), South Korea ($1.57B), Germany ($1.52B), and Singapore ($1.04B).

In 2021, the countries that had a largest trade value in imports than in exports of Laboratory Reagents were Italy ($1.3B), Brazil ($653M), Vietnam ($579M), India ($578M), and Australia ($561M).

Disaggregation

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Value

In 2021, the world most traded Laboratory Reagents, disaggragated by their HS6 level were Composite diagnostic or laboratory reagents, others ($48.3B)

Country Comparison

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Ranking

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

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 Laboratory Reagents to countries. Higher relatedness values ‚Äč‚Äčindicate greater knowledge, which predicts a greater probability of exporting that product in the future.