HS Icon Photo Lab Equipment

9010 (Harmonized System 1992 for 4-digit)

World Trade (2018): $44.1B, Rnk 88 / 1225

Top Exporter (2018): $12.1B, United States

Top Importer (2018): $11.8B, South Korea

Product Complexity (2018): 2.01, Rnk 9 / 1018

Export Growth (CAGR)(2017 - 2018): 20%, Rnk 335 / 1225

Mean Tariff (2018): 6.04%, Rnk 697 / 1259

Share of World Trade (2018): 0.24%, Rnk 88 / 1225

Overview: In 2018, Photo Lab Equipment were the world's 88th most traded product, with a total trade of $44.1B. Between 2017 and 2018 the exports of Photo Lab Equipment grew by 20%, from  $36.7B to $44.1B. Trade in Photo Lab Equipment represent 0.24% of total world trade.

Exports: In 2018 the top exporters of Photo Lab Equipment  were United States ($12.1B), Japan ($11.9B), Netherlands ($9.81B), Singapore ($4.42B), and South Korea ($1.18B).

Imports: In 2018 the top importers of Photo Lab Equipment were South Korea ($11.8B), China ($11.2B), Chinese Taipei ($6.65B), Japan ($3.99B), and United States ($3.8B).

Tariffs: In 2018 the average tariff for Photo Lab Equipment was 6.04%, been the 697 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Photo Lab Equipment are Bahamas (41.1%), Ethiopia (29.7%), Uzbekistan (28.7%), Sudan (21.9%), and Jamaica (20%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking: Photo Lab Equipment ranks 9th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $12.1B

Top Destination (2018): South Korea, $11.8B

Photo Lab Equipment are the world's 88th most traded product.

In 2018, the top exporters of Photo Lab Equipment were United States ($12.1B), Japan ($11.9B), Netherlands ($9.81B), Singapore ($4.42B), and South Korea ($1.18B).

In 2018, the top importers of Photo Lab Equipment were South Korea ($11.8B), China ($11.2B), Chinese Taipei ($6.65B), Japan ($3.99B), and United States ($3.8B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $3.09B

Top Destination Growth (2017 - 2018): China, $4.88B

Between 2017 and 2018, the exports of Photo Lab Equipment grew the fastest in Netherlands ($3.09B), United States ($2.71B), Japan ($1.09B), Chinese Taipei ($373M), and South Korea ($274M).

Between 2017 and 2018, the fastest growing importers of Photo Lab Equipment were China ($4.88B), Chinese Taipei ($2.15B), Japan ($1.21B), Singapore ($537M), and United States ($303M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Photo Lab Equipment.

In 2018,  market concentration measured using Shannon Entropy, was 2.69. This means that most of the exports of Photo Lab Equipment are explained by 6 countries.

TOP NET EXPORTER (2018): Netherlands, $9.59B

TOP NET IMPORTER (2018): South Korea, $10.6B

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

In 2018, the countries that had a largest trade value in exports than imports of Photo Lab Equipment were Netherlands ($9.59B), United States ($8.3B), Japan ($7.9B), Singapore ($2.53B), and Germany ($541M).

In 2018, the countries that had a largest trade value in imports than exports of Photo Lab Equipment were South Korea ($10.6B), China ($10.4B), Chinese Taipei ($5.83B), Israel ($1.71B), and Ireland ($334M).

Trade Forecasts

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This section shows forecasts for total trade for Photo Lab 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 Photo Lab Equipment was 6.04%.  The countries with the highest tariffs for importing Photo Lab Equipment were Bahamas (41.1%), Ethiopia (29.7%), Uzbekistan (28.7%), Sudan (21.9%), and Jamaica (20%).

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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.