Sound Recordings8524 (Harmonized System 1992 for 4-digit)
2020 World Trade: $1.64B, Rnk 758 / 1217
2020 Top Exporter | Top Importer: $242M | $351M, United States | United States
2020 Product Complexity: 0.87, Rnk 218 / 1028
2019 - 2020 Export Growth (CAGR): -16%, Rnk 932 / 1217
2018 Mean Tariff: 5.92%, Rnk 720 / 1259
2020 Share of World Trade: 0.0098%, Rnk 758 / 1217
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).
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 (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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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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