HS Icon Audio and Video Recording Accessories

8522 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.13B, Rnk 722 / 1225

Top Exporter (2018): $896M, China

Top Importer (2018): $415M, Hong Kong

Product Complexity (2018): 0.98, Rnk 180 / 1018

Export Growth (CAGR)(2017 - 2018): -6.97%, Rnk 1157 / 1225

Mean Tariff (2018): 7.58%, Rnk 576 / 1259

Share of World Trade (2018): 0.012%, Rnk 722 / 1225

Overview:  This page contains the latest trade data of Audio and Video Recording Accessories. In 2018, Audio and Video Recording Accessories were the world's 722nd most traded product, with a total trade of $2.13B. Between 2017 and 2018 the exports of Audio and Video Recording Accessories decreased by -6.97%, from  $2.29B to $2.13B. Trade in Audio and Video Recording Accessories represent 0.012% of total world trade.

Exports: In 2018 the top exporters of Audio and Video Recording Accessories  were China ($896M), Thailand ($207M), Japan ($107M), Malaysia ($105M), and Philippines ($92.2M).

Imports: In 2018 the top importers of Audio and Video Recording Accessories were Hong Kong ($415M), Japan ($229M), United States ($137M), China ($131M), and Germany ($120M).

Tariffs: In 2018 the average tariff for Audio and Video Recording Accessories was 7.58%, been the 576 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Audio and Video Recording Accessories are Bahamas (31.2%), Uzbekistan (28.7%), Zimbabwe (27.3%), Algeria (25.6%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking: Audio and Video Recording Accessories ranks 180th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $896M

Top Destination (2018): Hong Kong, $415M

Audio and Video Recording Accessories are the world's 722nd most traded product.

In 2018, the top exporters of Audio and Video Recording Accessories were China ($896M), Thailand ($207M), Japan ($107M), Malaysia ($105M), and Philippines ($92.2M).

In 2018, the top importers of Audio and Video Recording Accessories were Hong Kong ($415M), Japan ($229M), United States ($137M), China ($131M), and Germany ($120M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Indonesia, $36M

Top Destination Growth (2017 - 2018): United States, $136M

Between 2017 and 2018, the exports of Audio and Video Recording Accessories grew the fastest in Indonesia ($36M), Thailand ($23.7M), United States ($23.1M), France ($16.4M), and Netherlands ($14.3M).

Between 2017 and 2018, the fastest growing importers of Audio and Video Recording Accessories were United States ($136M), Mexico ($77M), Singapore ($20.7M), Cote d'Ivoire ($18.7M), and Japan ($18.3M).

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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 Audio and Video Recording Accessories.

In 2018,  market concentration measured using Shannon Entropy, was 3.48. This means that most of the exports of Audio and Video Recording Accessories are explained by 11 countries.

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TOP NET EXPORTER (2018): China, $765M

TOP NET IMPORTER (2018): Hong Kong, $336M

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

In 2018, the countries that had a largest trade value in exports than in imports of Audio and Video Recording Accessories were China ($765M), Thailand ($132M), Chinese Taipei ($29.2M), Philippines ($26.2M), and Malaysia ($22.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Audio and Video Recording Accessories were Hong Kong ($336M), Japan ($121M), United States ($90.3M), Mexico ($63.5M), and Germany ($62.6M).

Trade Forecasts

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This section shows forecasts for total trade for Audio and Video Recording Accessories. 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 Audio and Video Recording Accessories was 7.58%.  The countries with the highest tariffs for importing Audio and Video Recording Accessories were Bahamas (31.2%), Uzbekistan (28.7%), Zimbabwe (27.3%), Algeria (25.6%), and Bermuda (25%).

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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.