Overview: This page contains the latest trade data of Instruments. In 2018, Instruments were the world's 8th most traded product, with a total trade of $682B. Between 2017 and 2018 the exports of Instruments grew by 11.9%, from $609B to $682B. Trade in Instruments represent 3.71% of total world trade.
Exports: In 2018 the top exporters of Instruments were United States ($93.6B), Germany ($81.8B), China ($81.4B), Japan ($56.2B), and Switzerland ($40.1B).
Imports: In 2018 the top importers of Instruments were United States ($100B), China ($87.8B), Germany ($46.5B), South Korea ($33.9B), and Japan ($33.8B).
Tariffs: In 2018 the average tariff for Instruments was 6.69%, been the 15 lowest tariff using the Section product classification.
The countries with the highest import tariffs for Instruments are Bahamas (24.1%), Bermuda (20.7%), Ethiopia (19.8%), Iran (17.6%), and Chad (17.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).
Ranking: Instruments ranks 2nd in the Product Complexity Index (PCI).