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920890 (Harmonized System 1992 for 6-digit)

2022
World Trade $89.1MRnk 4158 / 4648
2022
Top Exporter | Top Importer $44.2M | $13.2MChina | United States
2022
Product Complexity 0.27Rnk 2071 / 4653
2021 - 2022
Export Growth (CAGR) 17.9%Rnk 923 / 4648
2022
Share of World Trade 0.00038%Rnk 4158 / 4648

About

Overview This page contains the latest trade data of Musical instruments etc nes. In 2022, Musical instruments etc nes were the world's 4158th most traded product, with a total trade of $89.1M. Between 2021 and 2022 the exports of Musical instruments etc nes grew by 17.9%, from $75.6M to $89.1M. Trade in Musical instruments etc nes represent 0.00038% of total world trade.

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

Exports In 2022 the top exporters of Musical instruments etc nes  were China ($44.2M), United States ($10.2M), Malaysia ($7.2M), Canada ($4.46M), and United Kingdom ($3.66M).

Imports In 2022 the top importers of Musical instruments etc nes were United States ($13.2M), Singapore ($8.07M), Germany ($5.39M), South Korea ($5.1M), and Malaysia ($4.42M).

Ranking Musical instruments etc nes ranks 2071st 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 Origin (2022)China$44.2M
Top Destination (2022)United States$13.2M

In 2022 Musical instruments etc nes were the world's 4158th most traded product (out of 4,648).

In 2022, the top exporters of Musical instruments etc nes were China ($44.2M), United States ($10.2M), Malaysia ($7.2M), Canada ($4.46M), and United Kingdom ($3.66M).

In 2022, the top importers of Musical instruments etc nes were United States ($13.2M), Singapore ($8.07M), Germany ($5.39M), South Korea ($5.1M), and Malaysia ($4.42M).

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Exporters of Musical instruments etc nes (2022)
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Importers of Musical instruments etc nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$12.1M
Top Destination Growth (2021 -  2022)Singapore$7.54M

Between 2021 and 2022, the exports of Musical instruments etc nes grew the fastest in China ($12.1M), United States ($2.4M), Canada ($1.57M), Israel ($374k), and South Korea ($269k).

Between 2021 and 2022, the fastest growing importers of Musical instruments etc nes were Singapore ($7.54M), Malaysia ($1.59M), Australia ($1.06M), Netherlands ($539k), and Mexico ($531k).

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Exporters of Musical instruments etc nes (2021 - 2022)

Importers of Musical instruments etc nes (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.05. This means that most of the exports of Musical instruments etc nes are explained by 8 countries.

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Value of Exports in Musical instruments etc nes

Net Trade

TOP NET EXPORTER (2022)China$42.3M
TOP NET IMPORTER (2022)Singapore$7.51M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Musical instruments etc nes were China ($42.3M), Malaysia ($2.77M), Chinese Taipei ($2.17M), Israel ($729k), and Bulgaria ($486k).

In 2022, the countries that had a largest trade value in imports than in exports of Musical instruments etc nes were Singapore ($7.51M), South Korea ($4.74M), United States ($2.91M), Japan ($2.78M), and Australia ($2.65M).

Net Trade (2022)

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 (2022)

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