HS Icon Video Recording Equipment

8521 (Harmonized System 1992 for 4-digit)

World Trade (2018): $40.1B, Rnk 94 / 1225

Top Exporter (2018): $15.5B, China

Top Importer (2018): $7.77B, United States

Product Complexity (2018): 1.29, Rnk 86 / 1018

Export Growth (CAGR)(2017 - 2018): 0.71%, Rnk 1069 / 1225

Mean Tariff (2018): 12.8%, Rnk 280 / 1259

Share of World Trade (2018): 0.22%, Rnk 94 / 1225

Overview: In 2018, Video Recording Equipment were the world's 94th most traded product, with a total trade of $40.1B. Between 2017 and 2018 the exports of Video Recording Equipment grew by 0.71%, from  $39.8B to $40.1B. Trade in Video Recording Equipment represent 0.22% of total world trade.

Exports: In 2018 the top exporters of Video Recording Equipment  were China ($15.5B), Japan ($3.59B), Germany ($2.49B), Vietnam ($2.13B), and United States ($1.9B).

Imports: In 2018 the top importers of Video Recording Equipment were United States ($7.77B), Hong Kong ($4.71B), China ($2.6B), Japan ($2.43B), and Germany ($2.39B).

Tariffs: In 2018 the average tariff for Video Recording Equipment was 12.8%, been the 280 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Video Recording Equipment are Syria (46%), Zimbabwe (36.5%), Sudan (35%), Trinidad and Tobago (33.1%), and Bahamas (32.6%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Video Recording Equipment ranks 86th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $15.5B

Top Destination (2018): United States, $7.77B

Video Recording Equipment are the world's 94th most traded product.

In 2018, the top exporters of Video Recording Equipment were China ($15.5B), Japan ($3.59B), Germany ($2.49B), Vietnam ($2.13B), and United States ($1.9B).

In 2018, the top importers of Video Recording Equipment were United States ($7.77B), Hong Kong ($4.71B), China ($2.6B), Japan ($2.43B), and Germany ($2.39B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $855M

Top Destination Growth (2017 - 2018): Hong Kong, $1.33B

Between 2017 and 2018, the exports of Video Recording Equipment grew the fastest in China ($855M), Germany ($595M), Netherlands ($532M), Vietnam ($485M), and Hungary ($223M).

Between 2017 and 2018, the fastest growing importers of Video Recording Equipment were Hong Kong ($1.33B), India ($680M), Hungary ($128M), United Arab Emirates ($121M), and Saudi Arabia ($94.8M).

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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 Video Recording Equipment.

In 2018,  market concentration measured using Shannon Entropy, was 3.72. This means that most of the exports of Video Recording Equipment are explained by 13 countries.

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TOP NET EXPORTER (2018): China, $12.9B

TOP NET IMPORTER (2018): United States, $5.88B

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

In 2018, the countries that had a largest trade value in exports than in imports of Video Recording Equipment were China ($12.9B), Vietnam ($1.82B), Thailand ($1.39B), Chinese Taipei ($1.19B), and Japan ($1.16B).

In 2018, the countries that had a largest trade value in imports than in exports of Video Recording Equipment were United States ($5.88B), Hong Kong ($3.98B), India ($1.65B), United Kingdom ($758M), and France ($612M).

Trade Forecasts

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This section shows forecasts for total trade for Video 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 Video Recording Equipment was 12.8%.  The countries with the highest tariffs for importing Video Recording Equipment were Syria (46%), Zimbabwe (36.5%), Sudan (35%), Trinidad and Tobago (33.1%), and Bahamas (32.6%).

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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.