HS Icon Microphones and Headphones

8518 (Harmonized System 1992 for 4-digit)

World Trade (2018): $40.6B, Rnk 92 / 1225

Top Exporter (2018): $18.4B, China

Top Importer (2018): $6.93B, United States

Product Complexity (2018): 0.17, Rnk 475 / 1018

Export Growth (CAGR)(2017 - 2018): 12.1%, Rnk 662 / 1225

Mean Tariff (2018): 9.95%, Rnk 430 / 1259

Share of World Trade (2018): 0.22%, Rnk 92 / 1225

Overview: In 2018, Microphones and Headphones were the world's 92nd most traded product, with a total trade of $40.6B. Between 2017 and 2018 the exports of Microphones and Headphones grew by 12.1%, from  $36.2B to $40.6B. Trade in Microphones and Headphones represent 0.22% of total world trade.

Exports: In 2018 the top exporters of Microphones and Headphones  were China ($18.4B), Vietnam ($3.41B), United States ($2.12B), Mexico ($2.07B), and Germany ($2.03B).

Imports: In 2018 the top importers of Microphones and Headphones were United States ($6.93B), Hong Kong ($3.52B), China ($3.01B), Germany ($2.63B), and United Kingdom ($1.52B).

Tariffs: In 2018 the average tariff for Microphones and Headphones was 9.95%, been the 430 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Microphones and Headphones are Bahamas (40.4%), Zimbabwe (31.9%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Microphones and Headphones ranks 475th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $18.4B

Top Destination (2018): United States, $6.93B

Microphones and Headphones are the world's 92nd most traded product.

In 2018, the top exporters of Microphones and Headphones were China ($18.4B), Vietnam ($3.41B), United States ($2.12B), Mexico ($2.07B), and Germany ($2.03B).

In 2018, the top importers of Microphones and Headphones were United States ($6.93B), Hong Kong ($3.52B), China ($3.01B), Germany ($2.63B), and United Kingdom ($1.52B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $628M

Top Destination Growth (2017 - 2018): United States, $1.25B

Between 2017 and 2018, the exports of Microphones and Headphones grew the fastest in United States ($628M), Vietnam ($549M), Germany ($489M), China ($422M), and Malaysia ($396M).

Between 2017 and 2018, the fastest growing importers of Microphones and Headphones were United States ($1.25B), Netherlands ($614M), China ($253M), India ($238M), and United Kingdom ($189M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Microphones and Headphones.

In 2018,  market concentration measured using Shannon Entropy, was 3.49. This means that most of the exports of Microphones and Headphones are explained by 11 countries.

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TOP NET EXPORTER (2018): China, $15.4B

TOP NET IMPORTER (2018): United States, $4.81B

This map shows which countries export or import more of Microphones and Headphones. Each country is colored based on the difference in exports and imports of Microphones and Headphones during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Microphones and Headphones were China ($15.4B), Vietnam ($2.17B), Malaysia ($902M), Mexico ($843M), and Belgium-Luxembourg ($211M).

In 2018, the countries that had a largest trade value in imports than in exports of Microphones and Headphones were United States ($4.81B), Hong Kong ($2.92B), Japan ($1.06B), Canada ($1B), and United Kingdom ($877M).

Trade Forecasts

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This section shows forecasts for total trade for Microphones and Headphones. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Microphones and Headphones was 9.95%.  The countries with the highest tariffs for importing Microphones and Headphones were Bahamas (40.4%), Zimbabwe (31.9%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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Product Complexity

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Diversification Frontier

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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.