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920930 (Harmonized System 1992 for 6-digit)

2023
World Trade $253MRnk 3485 / 4644
2023
Top Exporter | Top Importer $111M | $30.3MUnited States | France
2023
Product Complexity 1.09Rnk 649 / 4656
2022 - 2023
Export Growth (CAGR) -3.45%Rnk 1906 / 4644
2023
Share of World Trade 0.0011%Rnk 3485 / 4644

About

Overview This page contains the latest trade data of Strings, musical instrument. In 2023, Strings, musical instrument were the world's 3485th most traded product, with a total trade of $253M. Between 2022 and 2023 the exports of Strings, musical instrument decreased by -3.45%, from $262M to $253M. Trade in Strings, musical instrument represent 0.0011% of total world trade.

Strings, musical instrument are a part of Musical Instrument Parts.

Exports In 2023 the top exporters of Strings, musical instrument  were United States ($111M), Germany ($41.1M), Austria ($24.3M), China ($17.1M), and Denmark ($10.2M).

Imports In 2023 the top importers of Strings, musical instrument were France ($30.3M), Germany ($24.9M), United States ($21.6M), Japan ($17.1M), and China ($12.8M).

Ranking Strings, musical instrument ranks 649th in the Product Complexity Index (PCI).

Description A string is the most fundamental component in most musical instruments. There are a few ways to produce sound from a string: plucking with a finger, bowing with a violin bow, striking with a hammer, and touching with a finger nail. These strings can also be strung on a guitar to produce sound. Musical instruments are used for entertainment, history, and culture.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Strings, musical instrument. 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)United States$111M
Top Destination (2023)France$30.3M

In 2023 Strings, musical instrument were the world's 3485th most traded product (out of 4,644).

In 2023, the top exporters of Strings, musical instrument were United States ($111M), Germany ($41.1M), Austria ($24.3M), China ($17.1M), and Denmark ($10.2M).

In 2023, the top importers of Strings, musical instrument were France ($30.3M), Germany ($24.9M), United States ($21.6M), Japan ($17.1M), and China ($12.8M).

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Exporters of Strings, musical instrument (2023)
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Importers of Strings, musical instrument (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$5.65M
Top Destination Growth (2022 -  2023)Malaysia$1.92M

Between 2022 and 2023, the exports of Strings, musical instrument grew the fastest in Germany ($5.65M), Croatia ($1.71M), Hong Kong ($1.65M), China ($1.46M), and France ($1.21M).

Between 2022 and 2023, the fastest growing importers of Strings, musical instrument were Malaysia ($1.92M), Hong Kong ($1.92M), Croatia ($1.89M), France ($1.8M), and Poland ($1.15M).

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Exporters of Strings, musical instrument (2022 - 2023)

Importers of Strings, musical instrument (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Strings, musical instrument.

In 2023, market concentration measured using Shannon Entropy, was 3. This means that most of the exports of Strings, musical instrument are explained by 7 countries.

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Value of Exports in Strings, musical instrument

Net Trade

TOP NET EXPORTER (2023)United States$89.7M
TOP NET IMPORTER (2023)France$21.8M

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

In 2023, the countries that had a largest trade value in exports than in imports of Strings, musical instrument were United States ($89.7M), Austria ($19.4M), Germany ($16.2M), Denmark ($7.92M), and China ($4.27M).

In 2023, the countries that had a largest trade value in imports than in exports of Strings, musical instrument were France ($21.8M), Japan ($16.5M), Canada ($11.1M), Hong Kong ($7.26M), and South Korea ($6.67M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Strings, musical instrument by percentage of total exports

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)

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