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920890 (Harmonized System 1992 for 6-digit)

2023
World Trade $57.9MRnk 4283 / 4644
2023
Top Exporter | Top ImporterfalseN/A | United States
2023
Product Complexity 0.25Rnk 2113 / 4656
2022 - 2023
Export Growth (CAGR) -18.1%Rnk 3526 / 4644
2023
Share of World Trade 0.00026%Rnk 4283 / 4644

About

Overview This page contains the latest trade data of Musical instruments etc nes. In 2023, Musical instruments etc nes were the world's 4283rd most traded product, with a total trade of $57.9M. Between 2022 and 2023 the exports of Musical instruments etc nes decreased by -18.1%, from $70.7M to $57.9M. Trade in Musical instruments etc nes represent 0.00026% of total world trade.

Musical instruments etc nes are a part of Other Musical Instruments.

Exports In 2023 the top exporters of Musical instruments etc nes  were N/A.

Imports In 2023 the top importers of Musical instruments etc nes were United States ($8.74M), Germany ($4.12M), Canada ($3.29M), France ($2.83M), and South Korea ($2.55M).

Ranking Musical instruments etc nes ranks 2113th in the Product Complexity Index (PCI).

Description Musical instruments are often used in the entertainment industry, for example in the form of a rock band. It is also common for music to be used in the form of a soundtrack, for example in the form of a TV show.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Musical instruments etc nes. 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 Destination (2023)United States$8.74M

In 2023 Musical instruments etc nes were the world's 4283rd most traded product (out of 4,644).

In 2023, the top importers of Musical instruments etc nes were United States ($8.74M), Germany ($4.12M), Canada ($3.29M), France ($2.83M), and South Korea ($2.55M).

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Exporters of Musical instruments etc nes (2023)
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Importers of Musical instruments etc nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$1.36M
Top Destination Growth (2022 -  2023)Austria$837k

Between 2022 and 2023, the exports of Musical instruments etc nes grew the fastest in Germany ($1.36M), Canada ($333k), France ($251k), Vietnam ($215k), and Bulgaria ($129k).

Between 2022 and 2023, the fastest growing importers of Musical instruments etc nes were Austria ($837k), Thailand ($557k), Turkey ($351k), Malaysia ($274k), and Peru ($258k).

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Exporters of Musical instruments etc nes (2022 - 2023)

Importers of Musical instruments etc nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Musical instruments etc nes.

In 2023, market concentration measured using Shannon Entropy, was 3.42. This means that most of the exports of Musical instruments etc nes are explained by 10 countries.

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Value of Exports in Musical instruments etc nes

Net Trade

TOP NET EXPORTER (2023)China$24.5M
TOP NET IMPORTER (2023)United States$3.07M

This map shows which countries export or import more of Musical instruments etc nes. Each country is colored based on the difference in exports and imports of Musical instruments etc nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Musical instruments etc nes were China ($24.5M), Chinese Taipei ($2.39M), Canada ($1.4M), United Kingdom ($657k), and Bulgaria ($608k).

In 2023, the countries that had a largest trade value in imports than in exports of Musical instruments etc nes were United States ($3.07M), South Korea ($2.5M), France ($1.49M), Japan ($1.4M), and Thailand ($1.34M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Musical instruments etc nes 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 (2023)

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