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Measuring or checking instruments, appliances and machines, n.e.c. or included in this chapter; profile projectors

9031 (Harmonized System 1992 for 4-digit)

2023
World Trade $56.2BRnk 76 / 1217
2023
Top Exporter | Top Importer $8.9B | $10.5BGermany | China
2023
Product Complexity 1.51Rnk 42 / 1044
2022 - 2023
Export Growth (CAGR) -2.71%Rnk 491 / 1217
2023
Share of World Trade 0.25%Rnk 76 / 1217

About

Overview This page contains the latest trade data of Other Measuring Instruments. In 2023, Other Measuring Instruments were the world's 76th most traded product, with a total trade of $56.2B. Between 2022 and 2023 the exports of Other Measuring Instruments decreased by -2.71%, from $57.8B to $56.2B. Trade in Other Measuring Instruments represent 0.25% of total world trade.

Other Measuring Instruments are a part of Optical, photo, & film equipment; medical instruments. They include Measuring or checking equipment, nes, Optical instruments and appliances, nes, Parts and access for measuring, checking equipment ne, Test benches for measuring or checking equipment, Machines for balancing mechanical parts, nes, and Profile projectors, nes.

Exports In 2023 the top exporters of Other Measuring Instruments  were Germany ($8.9B), United States ($7.56B), China ($6.46B), Japan ($5.7B), and Singapore ($3.05B).

Imports In 2023 the top importers of Other Measuring Instruments were China ($10.5B), United States ($6.9B), Germany ($3.9B), South Korea ($3.43B), and Japan ($2.83B).

Ranking Other Measuring Instruments ranks 42nd in the Product Complexity Index (PCI).

Description Measuring or checking instruments, appliances and machines are used to measure or check things. They can be made from a variety of materials, including wood, plastic, metal, and glass.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Other Measuring Instruments. 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)Germany$8.9B
Top Destination (2023)China$10.5B

In 2023 Other Measuring Instruments were the world's 76th most traded product (out of 1,217).

In 2023, the top exporters of Other Measuring Instruments were Germany ($8.9B), United States ($7.56B), China ($6.46B), Japan ($5.7B), and Singapore ($3.05B).

In 2023, the top importers of Other Measuring Instruments were China ($10.5B), United States ($6.9B), Germany ($3.9B), South Korea ($3.43B), and Japan ($2.83B).

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Exporters of Other Measuring Instruments (2023)
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Importers of Other Measuring Instruments (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$503M
Top Destination Growth (2022 -  2023)United States$409M

Between 2022 and 2023, the exports of Other Measuring Instruments grew the fastest in Germany ($503M), Singapore ($422M), China ($189M), Malaysia ($173M), and Canada ($118M).

Between 2022 and 2023, the fastest growing importers of Other Measuring Instruments were United States ($409M), United Kingdom ($215M), Russia ($215M), India ($179M), and Italy ($173M).

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Exporters of Other Measuring Instruments (2022 - 2023)

Importers of Other Measuring Instruments (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Other Measuring Instruments.

In 2023, market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Other Measuring Instruments are explained by 20 countries.

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Value of Exports in Other Measuring Instruments

Net Trade

TOP NET EXPORTER (2023)Germany$5.01B
TOP NET IMPORTER (2023)China$4.05B

This map shows which countries export or import more of Other Measuring Instruments. Each country is colored based on the difference in exports and imports of Other Measuring Instruments during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Other Measuring Instruments were Germany ($5.01B), Japan ($2.86B), Singapore ($1.84B), Israel ($1.62B), and Switzerland ($798M).

In 2023, the countries that had a largest trade value in imports than in exports of Other Measuring Instruments were China ($4.05B), South Korea ($1.41B), India ($1.16B), Hong Kong ($1.12B), and Mexico ($1.08B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Other Measuring Instruments, disaggragated by their HS6 level were Measuring or checking equipment, nes ($26.5B), Optical instruments and appliances, nes ($17.9B), Parts and access for measuring, checking... ($9.93B), Test benches for measuring or checking... ($1.41B), and Machines for balancing mechanical parts, nes ($443M)

HS6 Disaggregation for Other Measuring Instruments (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Other Measuring Instruments by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $98.9M
TOP IMPORT POTENTIALChina+ $142M

Other Measuring Instruments’s highest export potential is United States. With an export gap of $98.9M.  Other Measuring Instruments’s highest import potential is China with an import gap of $142M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Other Measuring Instruments.

Country by Relatedness

The following visualization shows the relatedness of Other Measuring Instruments to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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