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Musical instruments; string, n.e.c. in heading no. 9201, (e.g. guitars, violins, harps)

9202 (Harmonized System 1992 for 4-digit)

2023
World Trade $908MRnk 938 / 1217
2023
Top Exporter | Top Importer $365M | $186MChina | United States
2023
Product Complexity 0.42Rnk 405 / 1044
2022 - 2023
Export Growth (CAGR) -18.2%Rnk 1004 / 1217
2023
Share of World Trade 0.004%Rnk 938 / 1217

About

Overview This page contains the latest trade data of String Instruments. In 2023, String Instruments were the world's 938th most traded product, with a total trade of $908M. Between 2022 and 2023 the exports of String Instruments decreased by -18.2%, from $1.11B to $908M. Trade in String Instruments represent 0.004% of total world trade.

String Instruments are a part of Musical instruments. They include String musical instruments nes and String musical instruments played with a bow.

Exports In 2023 the top exporters of String Instruments  were China ($365M), United States ($159M), Indonesia ($84.9M), Mexico ($79.2M), and Germany ($38.3M).

Imports In 2023 the top importers of String Instruments were United States ($186M), Germany ($68.7M), Japan ($68.2M), Netherlands ($44.5M), and United Kingdom ($44.1M).

Ranking String Instruments ranks 405th in the Product Complexity Index (PCI).

Description String musical instruments are stringed instruments that produce sound when plucked or strummed. They can be made from a variety of materials, including wood, metal, and plastic.

Latest Trends

Latest Data

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The following visualization shows the latest trends on String 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$365M
Top Destination (2023)United States$186M

In 2023 String Instruments were the world's 938th most traded product (out of 1,217).

In 2023, the top exporters of String Instruments were China ($365M), United States ($159M), Indonesia ($84.9M), Mexico ($79.2M), and Germany ($38.3M).

In 2023, the top importers of String Instruments were United States ($186M), Germany ($68.7M), Japan ($68.2M), Netherlands ($44.5M), and United Kingdom ($44.1M).

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Exporters of String Instruments (2023)
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Importers of String Instruments (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$17.6M
Top Destination Growth (2022 -  2023)Japan$7.26M

Between 2022 and 2023, the exports of String Instruments grew the fastest in United States ($17.6M), India ($2.94M), United Arab Emirates ($2.04M), Australia ($1.66M), and Czechia ($1.31M).

Between 2022 and 2023, the fastest growing importers of String Instruments were Japan ($7.26M), Russia ($4.83M), Kazakhstan ($2.92M), South Korea ($2.67M), and Philippines ($1.93M).

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Exporters of String Instruments (2022 - 2023)

Importers of String Instruments (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of String Instruments.

In 2023, market concentration measured using Shannon Entropy, was 3.16. This means that most of the exports of String Instruments are explained by 8 countries.

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Value of Exports in String Instruments

Net Trade

TOP NET EXPORTER (2023)China$333M
TOP NET IMPORTER (2023)Japan$55.6M

This map shows which countries export or import more of String Instruments. Each country is colored based on the difference in exports and imports of String Instruments during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of String Instruments were China ($333M), Indonesia ($82.4M), Mexico ($68.8M), Italy ($9.16M), and Romania ($4.75M).

In 2023, the countries that had a largest trade value in imports than in exports of String Instruments were Japan ($55.6M), United Kingdom ($31.5M), South Korea ($30.8M), Germany ($30.4M), and Canada ($29.6M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded String Instruments, disaggragated by their HS6 level were String musical instruments nes ($764M) and String musical instruments played with a... ($144M)

HS6 Disaggregation for String Instruments (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to String Instruments.
It is possible to select the main countries that export or import String Instruments in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of String Instruments by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $5.45M
TOP IMPORT POTENTIALIndonesia+ $1.29M

String Instruments’s highest export potential is India. With an export gap of $5.45M.  String Instruments’s highest import potential is Indonesia with an import gap of $1.29M.

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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)

Country by Relatedness

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

Relative Relatedness by Country (2023)

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