HS Icon Blank Audio Media

8523 (Harmonized System 1992 for 4-digit)

World Trade (2018): $45.2B, Rnk 83 / 1225

Top Exporter (2018): $6.73B, Chinese Taipei

Top Importer (2018): $5.84B, United States

Product Complexity (2018): 1.49, Rnk 48 / 1018

Export Growth (CAGR)(2017 - 2018): -2.34%, Rnk 1123 / 1225

Mean Tariff (2018): 6.61%, Rnk 644 / 1259

Share of World Trade (2018): 0.25%, Rnk 83 / 1225

Overview: In 2018, Blank Audio Media were the world's 83rd most traded product, with a total trade of $45.2B. Between 2017 and 2018 the exports of Blank Audio Media decreased by -2.34%, from  $46.3B to $45.2B. Trade in Blank Audio Media represent 0.25% of total world trade.

Exports: In 2018 the top exporters of Blank Audio Media  were Chinese Taipei ($6.73B), China ($6.08B), Malaysia ($3.94B), Singapore ($3.86B), and Germany ($3.13B).

Imports: In 2018 the top importers of Blank Audio Media were United States ($5.84B), China ($5.57B), Hong Kong ($5.56B), Germany ($2.99B), and Thailand ($2.29B).

Tariffs: In 2018 the average tariff for Blank Audio Media was 6.61%, been the 644 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Blank Audio Media are Cameroon (29.4%), Chad (29.4%), Uzbekistan (27.8%), Gabon (26.6%), and Algeria (25.2%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Blank Audio Media ranks 48th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Chinese Taipei, $6.73B

Top Destination (2018): United States, $5.84B

Blank Audio Media are the world's 83rd most traded product.

In 2018, the top exporters of Blank Audio Media were Chinese Taipei ($6.73B), China ($6.08B), Malaysia ($3.94B), Singapore ($3.86B), and Germany ($3.13B).

In 2018, the top importers of Blank Audio Media were United States ($5.84B), China ($5.57B), Hong Kong ($5.56B), Germany ($2.99B), and Thailand ($2.29B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chinese Taipei, $1.92B

Top Destination Growth (2017 - 2018): Hong Kong, $1.31B

Between 2017 and 2018, the exports of Blank Audio Media grew the fastest in Chinese Taipei ($1.92B), Malaysia ($752M), South Korea ($398M), Philippines ($275M), and United Arab Emirates ($218M).

Between 2017 and 2018, the fastest growing importers of Blank Audio Media were Hong Kong ($1.31B), China ($1.01B), Thailand ($398M), Philippines ($222M), and Malaysia ($173M).

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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 Blank Audio Media.

In 2018,  market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Blank Audio Media are explained by 18 countries.

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TOP NET EXPORTER (2018): Chinese Taipei, $5.97B

TOP NET IMPORTER (2018): Hong Kong, $5.06B

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

In 2018, the countries that had a largest trade value in exports than in imports of Blank Audio Media were Chinese Taipei ($5.97B), Malaysia ($3.25B), Singapore ($2.8B), South Korea ($1.87B), and Ireland ($910M).

In 2018, the countries that had a largest trade value in imports than in exports of Blank Audio Media were Hong Kong ($5.06B), United States ($3.27B), Thailand ($2.16B), United Kingdom ($494M), and Italy ($443M).

Trade Forecasts

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This section shows forecasts for total trade for Blank Audio Media. 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 Blank Audio Media was 6.61%.  The countries with the highest tariffs for importing Blank Audio Media were Cameroon (29.4%), Chad (29.4%), Uzbekistan (27.8%), Gabon (26.6%), and Algeria (25.2%).

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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.