HS Icon Sound Recording Equipment

8519 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.16B, Rnk 880 / 1225

Top Exporter (2018): $401M, China

Top Importer (2018): $155M, United States

Product Complexity (2018): 0.65, Rnk 305 / 1018

Export Growth (CAGR)(2017 - 2018): -13.9%, Rnk 1192 / 1225

Mean Tariff (2018): 11.4%, Rnk 350 / 1259

Share of World Trade (2018): 0.0063%, Rnk 880 / 1225

Overview:  This page contains the latest trade data of Sound Recording Equipment. In 2018, Sound Recording Equipment were the world's 880th most traded product, with a total trade of $1.16B. Between 2017 and 2018 the exports of Sound Recording Equipment decreased by -13.9%, from  $1.35B to $1.16B. Trade in Sound Recording Equipment represent 0.0063% of total world trade.

Exports: In 2018 the top exporters of Sound Recording Equipment  were China ($401M), Netherlands ($128M), Malaysia ($82.5M), Germany ($69.1M), and United Kingdom ($65.3M).

Imports: In 2018 the top importers of Sound Recording Equipment were United States ($155M), Mexico ($96M), Germany ($81.5M), Netherlands ($76.8M), and United Kingdom ($67.7M).

Tariffs: In 2018 the average tariff for Sound Recording Equipment was 11.4%, been the 350 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Sound Recording Equipment are Zimbabwe (36.5%), Romania (36%), Bahamas (35.3%), Sudan (35%), and Ethiopia (29.7%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Sound Recording Equipment ranks 305th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $401M

Top Destination (2018): United States, $155M

Sound Recording Equipment are the world's 880th most traded product.

In 2018, the top exporters of Sound Recording Equipment were China ($401M), Netherlands ($128M), Malaysia ($82.5M), Germany ($69.1M), and United Kingdom ($65.3M).

In 2018, the top importers of Sound Recording Equipment were United States ($155M), Mexico ($96M), Germany ($81.5M), Netherlands ($76.8M), and United Kingdom ($67.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $29.8M

Top Destination Growth (2017 - 2018): United States, $23.6M

Between 2017 and 2018, the exports of Sound Recording Equipment grew the fastest in Netherlands ($29.8M), United Kingdom ($13.1M), Denmark ($8.21M), Chinese Taipei ($5.95M), and Israel ($4.25M).

Between 2017 and 2018, the fastest growing importers of Sound Recording Equipment were United States ($23.6M), Saudi Arabia ($17.7M), Nigeria ($13.9M), Gibraltar ($11.5M), and France ($9.57M).

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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 Sound Recording Equipment.

In 2018,  market concentration measured using Shannon Entropy, was 3.8. This means that most of the exports of Sound Recording Equipment are explained by 13 countries.

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TOP NET EXPORTER (2018): China, $374M

TOP NET IMPORTER (2018): United States, $96.4M

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

In 2018, the countries that had a largest trade value in exports than in imports of Sound Recording Equipment were China ($374M), Malaysia ($79.4M), Netherlands ($51.3M), Indonesia ($23.2M), and Czechia ($12.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Sound Recording Equipment were United States ($96.4M), Mexico ($62.2M), France ($37.2M), Japan ($26.6M), and Sweden ($25.9M).

Trade Forecasts

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This section shows forecasts for total trade for Sound Recording Equipment. 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 Sound Recording Equipment was 11.4%.  The countries with the highest tariffs for importing Sound Recording Equipment were Zimbabwe (36.5%), Romania (36%), Bahamas (35.3%), Sudan (35%), and Ethiopia (29.7%).

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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.