Sound Recordings8524 (Harmonized System 1992 for 4-digit)
2021 World Trade: $1.58B, Rnk 822 / 1217
2021 Top Exporter | Top Importer: $180M | $221M, Germany | United States
2021 Product Complexity: 1.12, Rnk 124 / 1024
2020 - 2021 Export Growth (CAGR): -4.58%, Rnk 1161 / 1217
2018 Mean Tariff: 5.92%, Rnk 720 / 1259
2021 Share of World Trade: <0.01%, Rnk 822 / 1217
Overview This page contains the latest trade data of Sound Recordings. In 2021, Sound Recordings were the world's 822nd most traded product, with a total trade of $1.58B. Between 2020 and 2021 the exports of Sound Recordings decreased by -4.58%, from $1.66B to $1.58B. Trade in Sound Recordings represent 0.000075% of total world trade.
Sound Recordings are a part of Electrical machinery and electronics. They include Sound recordings other than photographic products nes, Recorded magnetic tapes, width > 6.5 mm, Recorded gramophone records, Recorded magnetic tapes, width < 4 mm, and Recorded magnetic tapes, width 4-6.5 mm.
Exports In 2021 the top exporters of Sound Recordings were Germany ($180M), United States ($179M), France ($166M), Netherlands ($144M), and United Kingdom ($117M).
Imports In 2021 the top importers of Sound Recordings were United States ($221M), Germany ($152M), United Kingdom ($150M), France ($93.4M), and India ($57M).
Tariffs In 2018 the average tariff for Sound Recordings was 5.92%, making it the 720th lowest tariff using the HS4 product classification.
Ranking Sound Recordings ranks 124th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Sound Recordings. 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 (2021): Germany, $180M
Top Destination (2021): United States, $221M
Sound Recordings are the world's 822nd most traded product.
In 2021, the top exporters of Sound Recordings were Germany ($180M), United States ($179M), France ($166M), Netherlands ($144M), and United Kingdom ($117M).
In 2021, the top importers of Sound Recordings were United States ($221M), Germany ($152M), United Kingdom ($150M), France ($93.4M), and India ($57M).
Trade by country
Top Origin Growth (2020 - 2021): France, $66.2M
Top Destination Growth (2020 - 2021): United Kingdom, $42.5M
Between 2020 and 2021, the exports of Sound Recordings grew the fastest in France ($66.2M), Germany ($36.6M), China ($26.8M), Czechia ($26.5M), and Canada ($26.4M).
Between 2020 and 2021, the fastest growing importers of Sound Recordings were United Kingdom ($42.5M), Germany ($34.1M), Canada ($19.2M), France ($18.7M), and Greece ($14M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Sound Recordings.
In 2021, market concentration measured using Shannon Entropy, was 4.5. This means that most of the exports of Sound Recordings are explained by 22 countries.
TOP NET EXPORTER (2021): Netherlands, $96.5M
TOP NET IMPORTER (2021): United States, $42.3M
This map shows which countries export or import more of Sound Recordings. Each country is colored based on the difference in exports and imports of Sound Recordings during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Sound Recordings were Netherlands ($96.5M), Czechia ($94.4M), France ($72.9M), China ($50.6M), and Germany ($27.6M).
In 2021, the countries that had a largest trade value in imports than in exports of Sound Recordings were United States ($42.3M), United Kingdom ($32.8M), India ($30.3M), Mongolia ($28.2M), and Poland ($22M).
In 2021, the world most traded Sound Recordings, disaggragated by their HS6 level were Recorded gramophone records ($1.57B) and Sound recordings other than photographic products... ($10.3M)
This visualization shows the countries that have an important ratio of their trade related to Sound Recordings. It is possible to select the main countries that export or import Sound Recordings 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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