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920992 (Harmonized System 1992 for 6-digit)

2023
World Trade $201MRnk 3657 / 4644
2023
Top Exporter | Top Importer $57.7M | $40.8MChina | United States
2023
Product Complexity 1.16Rnk 526 / 4656
2022 - 2023
Export Growth (CAGR) -9.56%Rnk 2642 / 4644
2023
Share of World Trade 0.00089%Rnk 3657 / 4644

About

Overview This page contains the latest trade data of Parts and accessories for string musical instruments. In 2023, Parts and accessories for string musical instruments were the world's 3657th most traded product, with a total trade of $201M. Between 2022 and 2023 the exports of Parts and accessories for string musical instruments decreased by -9.56%, from $222M to $201M. Trade in Parts and accessories for string musical instruments represent 0.00089% of total world trade.

Parts and accessories for string musical instruments are a part of Musical Instrument Parts.

Exports In 2023 the top exporters of Parts and accessories for string musical instruments  were China ($57.7M), United States ($36.7M), Germany ($25.1M), Canada ($11.8M), and Chinese Taipei ($9.27M).

Imports In 2023 the top importers of Parts and accessories for string musical instruments were United States ($40.8M), Japan ($13.2M), Germany ($12.7M), Indonesia ($12.7M), and China ($10.5M).

Ranking Parts and accessories for string musical instruments ranks 526th in the Product Complexity Index (PCI).

Description String instruments are either played with fingers or with a bow. Parts and accessories for string instruments include rosin for the bow, and piano or violin hammers for the piano.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts and accessories for string musical 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)China$57.7M
Top Destination (2023)United States$40.8M

In 2023 Parts and accessories for string musical instruments were the world's 3657th most traded product (out of 4,644).

In 2023, the top exporters of Parts and accessories for string musical instruments were China ($57.7M), United States ($36.7M), Germany ($25.1M), Canada ($11.8M), and Chinese Taipei ($9.27M).

In 2023, the top importers of Parts and accessories for string musical instruments were United States ($40.8M), Japan ($13.2M), Germany ($12.7M), Indonesia ($12.7M), and China ($10.5M).

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Exporters of Parts and accessories for string musical instruments (2023)
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Importers of Parts and accessories for string musical instruments (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Hong Kong$2.41M
Top Destination Growth (2022 -  2023)Malaysia$1.73M

Between 2022 and 2023, the exports of Parts and accessories for string musical instruments grew the fastest in Hong Kong ($2.41M), Sweden ($1.03M), Vietnam ($582k), Portugal ($557k), and Singapore ($445k).

Between 2022 and 2023, the fastest growing importers of Parts and accessories for string musical instruments were Malaysia ($1.73M), Denmark ($999k), Japan ($683k), Hong Kong ($653k), and Chinese Taipei ($594k).

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Exporters of Parts and accessories for string musical instruments (2022 - 2023)

Importers of Parts and accessories for string musical instruments (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts and accessories for string musical instruments.

In 2023, market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Parts and accessories for string musical instruments are explained by 12 countries.

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Value of Exports in Parts and accessories for string musical instruments

Net Trade

TOP NET EXPORTER (2023)China$47.2M
TOP NET IMPORTER (2023)Indonesia$12.1M

This map shows which countries export or import more of Parts and accessories for string musical instruments. Each country is colored based on the difference in exports and imports of Parts and accessories for string musical instruments during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts and accessories for string musical instruments were China ($47.2M), Germany ($12.4M), Chinese Taipei ($7.39M), Canada ($6.5M), and India ($2.96M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts and accessories for string musical instruments were Indonesia ($12.1M), Japan ($8.65M), Mexico ($7.07M), United Kingdom ($5.28M), and United States ($4.15M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Parts and accessories for string musical instruments.
It is possible to select the main countries that export or import Parts and accessories for string musical instruments in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts and accessories for string musical instruments 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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