HS Icon Sound Recordings

8524 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Sound Recordings. In 2020, Sound Recordings were the world's 758th most traded product, with a total trade of $1.64B. Between 2019 and 2020 the exports of Sound Recordings decreased by -16%, from $1.95B to $1.64B. Trade in Sound Recordings represent 0.0098% 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 2020 the top exporters of Sound Recordings  were United States ($242M), Mexico ($197M), Germany ($138M), Netherlands ($122M), and United Kingdom ($112M).

Imports In 2020 the top importers of Sound Recordings were United States ($351M), Germany ($117M), Mexico ($110M), United Kingdom ($107M), and France ($74.2M).

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 218th in the Product Complexity Index (PCI).

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): United States, $242M

Top Destination (2020): United States, $351M

Sound Recordings are the world's 758th most traded product.

In 2020, the top exporters of Sound Recordings were United States ($242M), Mexico ($197M), Germany ($138M), Netherlands ($122M), and United Kingdom ($112M).

In 2020, the top importers of Sound Recordings were United States ($351M), Germany ($117M), Mexico ($110M), United Kingdom ($107M), and France ($74.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Singapore, $33M

Top Destination Growth (2019 - 2020): Indonesia, $22.7M

Between 2019 and 2020, the exports of Sound Recordings grew the fastest in Singapore ($33M), Colombia ($29.8M), Vietnam ($2.86M), United Kingdom ($2.61M), and Czechia ($2.52M).

Between 2019 and 2020, the fastest growing importers of Sound Recordings were Indonesia ($22.7M), Singapore ($18.5M), United Kingdom ($11.3M), Germany ($10.1M), and Burkina Faso ($7.38M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Sound Recordings.

In 2020,  market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Sound Recordings are explained by 21 countries.

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TOP NET EXPORTER (2020): Mexico, $87.2M

TOP NET IMPORTER (2020): United States, $109M

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Sound Recordings were Mexico ($87.2M), Netherlands ($84.1M), Czechia ($77.1M), Thailand ($32M), and Colombia ($29.6M).

In 2020, the countries that had a largest trade value in imports than in exports of Sound Recordings were United States ($109M), India ($47.1M), Saudi Arabia ($37M), Indonesia ($29.3M), and Poland ($18.7M).

Disaggregation

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Value

In 2020, the world most traded Sound Recordings, disaggragated by their HS6 level were Recorded gramophone records ($1.31B) and Sound recordings other than photographic products... ($331M)

Country Comparison

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Measure
Ranking

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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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