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903032 (Harmonized System 2007 for 6-digit)

2022
World Trade $540MRnk 3004 / 5023
2022
Top Exporter | Top Importer $93.3M | $58.2MChina | Germany
2022
Product Complexity 1.38Rnk 280 / 5030
2021 - 2022
Export Growth (CAGR) -2.9%Rnk 3661 / 5023
2022
Share of World Trade 0.0022%Rnk 3004 / 5023

About

Overview This page contains the latest trade data of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device. In 2022, Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device were the world's 3004th most traded product, with a total trade of $540M. Between 2021 and 2022 the exports of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device decreased by -2.9%, from $556M to $540M. Trade in Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device represent 0.0022% of total world trade.

Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device are a part of Instruments, apparatus for measuring, checking electrical quantities not meters of heading no.....

Exports In 2022 the top exporters of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device  were China ($93.3M), Germany ($86.1M), United States ($73.2M), Netherlands ($55.3M), and Malaysia ($37.1M).

Imports In 2022 the top importers of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device were Germany ($58.2M), Netherlands ($36.4M), United States ($35.3M), United Kingdom ($30.3M), and China ($29.2M).

Ranking Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device ranks 280th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
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The following visualization shows the latest trends on Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* 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$93.3M
Top Destination (2022)Germany$58.2M

In 2022 Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device were the world's 3004th most traded product (out of 5,023).

In 2022, the top exporters of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device were China ($93.3M), Germany ($86.1M), United States ($73.2M), Netherlands ($55.3M), and Malaysia ($37.1M).

In 2022, the top importers of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device were Germany ($58.2M), Netherlands ($36.4M), United States ($35.3M), United Kingdom ($30.3M), and China ($29.2M).

Explore Visualizations

Exporters of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device (2022)
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Importers of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United Kingdom$7.9M
Top Destination Growth (2021 -  2022)Ireland$9.24M

Between 2021 and 2022, the exports of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device grew the fastest in United Kingdom ($7.9M), Romania ($4.86M), Hungary ($4.54M), Mexico ($2.41M), and Spain ($1.4M).

Between 2021 and 2022, the fastest growing importers of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device were Ireland ($9.24M), Spain ($4.8M), France ($4.35M), Japan ($3.92M), and India ($2.83M).

Explore Visualizations

Exporters of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device (2021 - 2022)

Importers of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device.

In 2022, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device are explained by 16 countries.

Explore Visualizations

Value of Exports in Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device

Net Trade

TOP NET EXPORTER (2022)China$64.2M
TOP NET IMPORTER (2022)Canada$13.2M

This map shows which countries export or import more of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device. Each country is colored based on the difference in exports and imports of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device were China ($64.2M), United States ($37.9M), Malaysia ($30.1M), Germany ($27.8M), and Netherlands ($18.9M).

In 2022, the countries that had a largest trade value in imports than in exports of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device were Canada ($13.2M), Ireland ($11.7M), Japan ($10.9M), Spain ($9.84M), and Australia ($9.03M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device.
It is possible to select the main countries that export or import Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Multimeters: for measuring or checking voltage, current, resistance or power, with a recording device by percentage of total exports

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)

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