Laboratory Reagents3822 (Harmonized System 1992 for 4-digit)
2020 World Trade: $40B, Rnk 87 / 1217
2020 Top Exporter | Top Importer: $9.65B | $5B, United States | United States
2020 Product Complexity: 1.43, Rnk 68 / 1028
2019 - 2020 Export Growth (CAGR): 42.3%, Rnk 21 / 1217
2018 Mean Tariff: 3.4%, Rnk 1106 / 1259
2020 Share of World Trade: 0.24%, Rnk 87 / 1217
Overview This page contains the latest trade data of Laboratory Reagents. In 2020, Laboratory Reagents were the world's 87th most traded product, with a total trade of $40B. Between 2019 and 2020 the exports of Laboratory Reagents grew by 42.3%, from $28.1B to $40B. Trade in Laboratory Reagents represent 0.24% 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 2020 the top exporters of Laboratory Reagents were United States ($9.65B), Germany ($5.55B), China ($3.21B), Netherlands ($3.15B), and United Kingdom ($2.62B).
Imports In 2020 the top importers of Laboratory Reagents were United States ($5B), Germany ($4.01B), Netherlands ($2.55B), China ($2.36B), and United Kingdom ($2.19B).
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 68th in the Product Complexity Index (PCI).
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.
Trade By Country
Top Origin (2020): United States, $9.65B
Top Destination (2020): United States, $5B
Laboratory Reagents are the world's 87th most traded product.
In 2020, the top exporters of Laboratory Reagents were United States ($9.65B), Germany ($5.55B), China ($3.21B), Netherlands ($3.15B), and United Kingdom ($2.62B).
In 2020, the top importers of Laboratory Reagents were United States ($5B), Germany ($4.01B), Netherlands ($2.55B), China ($2.36B), and United Kingdom ($2.19B).
Trade by country
Top Origin Growth (2019 - 2020): China, $2.58B
Top Destination Growth (2019 - 2020): United States, $1.24B
Between 2019 and 2020, the exports of Laboratory Reagents grew the fastest in China ($2.58B), South Korea ($2.05B), United States ($1.68B), Germany ($1.12B), and Netherlands ($1.11B).
Between 2019 and 2020, the fastest growing importers of Laboratory Reagents were United States ($1.24B), Germany ($1.02B), United Kingdom ($956M), Netherlands ($813M), and Italy ($672M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Laboratory Reagents.
In 2020, market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Laboratory Reagents are explained by 16 countries.
TOP NET EXPORTER (2020): United States, $4.65B
TOP NET IMPORTER (2020): Italy, $1.09B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Laboratory Reagents were United States ($4.65B), South Korea ($1.68B), Germany ($1.54B), Lithuania ($913M), and China ($850M).
In 2020, the countries that had a largest trade value in imports than in exports of Laboratory Reagents were Italy ($1.09B), India ($661M), Saudi Arabia ($598M), Spain ($542M), and Brazil ($518M).
In 2020, the world most traded Laboratory Reagents, disaggragated by their HS6 level were Composite diagnostic or laboratory reagents, others ($40B)
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.
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.
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