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920790 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.45BRnk 1712 / 4644
2023
Top Exporter | Top Importer $372M | $331MChina | United States
2023
Product Complexity 0.91Rnk 921 / 4656
2022 - 2023
Export Growth (CAGR) -14.1%Rnk 3150 / 4644
2023
Share of World Trade 0.0064%Rnk 1712 / 4644

About

Overview This page contains the latest trade data of Musical instruments nes, electric/requiring amplifier. In 2023, Musical instruments nes, electric/requiring amplifier were the world's 1712th most traded product, with a total trade of $1.45B. Between 2022 and 2023 the exports of Musical instruments nes, electric/requiring amplifier decreased by -14.1%, from $1.69B to $1.45B. Trade in Musical instruments nes, electric/requiring amplifier represent 0.0064% of total world trade.

Musical instruments nes, electric/requiring amplifier are a part of Electric Musical Instruments.

Exports In 2023 the top exporters of Musical instruments nes, electric/requiring amplifier  were China ($372M), Indonesia ($280M), United States ($267M), Mexico ($96.9M), and Netherlands ($75.7M).

Imports In 2023 the top importers of Musical instruments nes, electric/requiring amplifier were United States ($331M), Germany ($141M), Netherlands ($118M), Japan ($94.5M), and United Kingdom ($92.8M).

Ranking Musical instruments nes, electric/requiring amplifier ranks 921st in the Product Complexity Index (PCI).

Description Musical instruments can be used to play music for entertainment purposes, to create ambiance or to accompany dance. Electric instruments require an amplifier to be heard.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Musical instruments nes, electric/requiring amplifier. 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 (2023)China$372M
Top Destination (2023)United States$331M

In 2023 Musical instruments nes, electric/requiring amplifier were the world's 1712th most traded product (out of 4,644).

In 2023, the top exporters of Musical instruments nes, electric/requiring amplifier were China ($372M), Indonesia ($280M), United States ($267M), Mexico ($96.9M), and Netherlands ($75.7M).

In 2023, the top importers of Musical instruments nes, electric/requiring amplifier were United States ($331M), Germany ($141M), Netherlands ($118M), Japan ($94.5M), and United Kingdom ($92.8M).

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Exporters of Musical instruments nes, electric/requiring amplifier (2023)
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Importers of Musical instruments nes, electric/requiring amplifier (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$20.6M
Top Destination Growth (2022 -  2023)Netherlands$21.7M

Between 2022 and 2023, the exports of Musical instruments nes, electric/requiring amplifier grew the fastest in United States ($20.6M), Netherlands ($10.2M), Chinese Taipei ($1.61M), Australia ($1.31M), and Kazakhstan ($1.09M).

Between 2022 and 2023, the fastest growing importers of Musical instruments nes, electric/requiring amplifier were Netherlands ($21.7M), Japan ($10.8M), China ($9.09M), Hong Kong ($5.51M), and Russia ($4.67M).

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Exporters of Musical instruments nes, electric/requiring amplifier (2022 - 2023)

Importers of Musical instruments nes, electric/requiring amplifier (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Musical instruments nes, electric/requiring amplifier.

In 2023, market concentration measured using Shannon Entropy, was 3.36. This means that most of the exports of Musical instruments nes, electric/requiring amplifier are explained by 10 countries.

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Value of Exports in Musical instruments nes, electric/requiring amplifier

Net Trade

TOP NET EXPORTER (2023)China$299M
TOP NET IMPORTER (2023)United Kingdom$80.2M

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

In 2023, the countries that had a largest trade value in exports than in imports of Musical instruments nes, electric/requiring amplifier were China ($299M), Indonesia ($273M), Mexico ($80.9M), Malaysia ($49.2M), and South Korea ($18.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Musical instruments nes, electric/requiring amplifier were United Kingdom ($80.2M), Germany ($77.5M), United States ($63.7M), Canada ($52M), and France ($43M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Musical instruments nes, electric/requiring amplifier 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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