Sound Recording Equipment8519 (Harmonized System 1992 for 4-digit)
2020 World Trade: $1.2B, Rnk 848 / 1217
2020 Top Exporter | Top Importer: $417M | $190M, China | United States
2020 Product Complexity: 0.35, Rnk 419 / 1028
2019 - 2020 Export Growth (CAGR): -7.49%, Rnk 622 / 1217
2018 Mean Tariff: 11.7%, Rnk 318 / 1259
2020 Share of World Trade: 0.0072%, Rnk 848 / 1217
Overview This page contains the latest trade data of Sound Recording Equipment. In 2020, Sound Recording Equipment were the world's 848th most traded product, with a total trade of $1.2B. Between 2019 and 2020 the exports of Sound Recording Equipment decreased by -7.49%, from $1.3B to $1.2B. Trade in Sound Recording Equipment represent 0.0072% of total world trade.
Sound Recording Equipment are a part of Electrical machinery and electronics. They include Sound reproducing apparatus, non-recording, nes, Cassette players, non-recording, Record-players with loudspeakers, nes, Turntables, without record changers, Turntables with automatic record changing mechanism, Record-players without built-in loudspeaker, nes, Coin or disc-operated record-players, and Transcribing machines.
Exports In 2020 the top exporters of Sound Recording Equipment were China ($417M), Netherlands ($191M), United Kingdom ($68.2M), Germany ($63.5M), and Malaysia ($52M).
Imports In 2020 the top importers of Sound Recording Equipment were United States ($190M), United Kingdom ($82.7M), Germany ($71.6M), Netherlands ($69.3M), and France ($62.1M).
Tariffs In 2018 the average tariff for Sound Recording Equipment was 11.7%, making it the 318th lowest tariff using the HS4 product classification.
Ranking Sound Recording Equipment ranks 419th in the Product Complexity Index (PCI).
Description Sound recording or sound reproducing apparatus are used to record and play back sounds. They can be made from a variety of materials, including wood, plastic, metal, and glass.
The following visualization shows the latest trends on Sound Recording Equipment. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $417M
Top Destination (2020): United States, $190M
Sound Recording Equipment are the world's 848th most traded product.
In 2020, the top exporters of Sound Recording Equipment were China ($417M), Netherlands ($191M), United Kingdom ($68.2M), Germany ($63.5M), and Malaysia ($52M).
In 2020, the top importers of Sound Recording Equipment were United States ($190M), United Kingdom ($82.7M), Germany ($71.6M), Netherlands ($69.3M), and France ($62.1M).
Trade by country
Top Origin Growth (2019 - 2020): China, $32.9M
Top Destination Growth (2019 - 2020): United States, $32.8M
Between 2019 and 2020, the exports of Sound Recording Equipment grew the fastest in China ($32.9M), Mexico ($17.2M), Slovakia ($6.32M), United Kingdom ($5.34M), and Japan ($3.85M).
Between 2019 and 2020, the fastest growing importers of Sound Recording Equipment were United States ($32.8M), Russia ($7.65M), Denmark ($7.04M), Nigeria ($4.54M), and Australia ($4.35M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Sound Recording Equipment.
In 2020, market concentration measured using Shannon Entropy, was 3.71. This means that most of the exports of Sound Recording Equipment are explained by 13 countries.
TOP NET EXPORTER (2020): China, $401M
TOP NET IMPORTER (2020): United States, $140M
This map shows which countries export or import more of Sound Recording Equipment. Each country is colored based on the difference in exports and imports of Sound Recording Equipment during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Sound Recording Equipment were China ($401M), Netherlands ($121M), Malaysia ($47.3M), Mexico ($16.5M), and Vietnam ($14.8M).
In 2020, the countries that had a largest trade value in imports than in exports of Sound Recording Equipment were United States ($140M), France ($40.4M), Nigeria ($36M), Switzerland ($32.6M), and Sweden ($31.4M).
In 2020, the world most traded Sound Recording Equipment, disaggragated by their HS6 level were Record-players with loudspeakers, nes ($798M), Turntables, without record changers ($267M), Sound reproducing apparatus, non-recording, nes ($113M), and Coin or disc-operated record-players ($26.1M)
This visualization shows the countries that have an important ratio of their trade related to Sound Recording Equipment. It is possible to select the main countries that export or import Sound Recording Equipment in the world, or by continent, as well as select the measure of interest.
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.
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