HS Icon Electro-diagnostic apparatus, nes

901819 (Harmonized System 1992 for 6-digit)

World Trade (2018): $20.3B, Rnk 132 / 4726

Top Exporter (2018): $4.19B, United States

Top Importer (2018): $4.6B, United States

Product Complexity (2018): 0.93, Rnk 895 / 4873

Export Growth (CAGR)(2017 - 2018): 11.1%, Rnk 2501 / 4726

Mean Tariff (2018): 3.29%, Rnk 5537 / 6538

Share of World Trade (2018): 0.11%, Rnk 132 / 4726

Overview:  This page contains the latest trade data of Electro-diagnostic apparatus, nes. In 2018, Electro-diagnostic apparatus, nes were the world's 132nd most traded product, with a total trade of $20.3B. Between 2017 and 2018 the exports of Electro-diagnostic apparatus, nes grew by 11.1%, from  $18.3B to $20.3B. Trade in Electro-diagnostic apparatus, nes represent 0.11% of total world trade.

Exports: In 2018 the top exporters of Electro-diagnostic apparatus, nes  were United States ($4.19B), Germany ($3.28B), Japan ($2.22B), China ($2.18B), and Netherlands ($1.52B).

Imports: In 2018 the top importers of Electro-diagnostic apparatus, nes were United States ($4.6B), China ($2.15B), Germany ($1.79B), Netherlands ($1.27B), and Japan ($1.03B).

Tariffs: In 2018 the average tariff for Electro-diagnostic apparatus, nes was 3.29%, been the 5537 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Electro-diagnostic apparatus, nes are Bermuda (25%), Iran (18%), Aruba (12%), Venezuela (10.1%), and Brazil (10.1%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Electro-diagnostic apparatus, nes ranks 895th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $4.19B

Top Destination (2018): United States, $4.6B

Electro-diagnostic apparatus, nes are the world's 132nd most traded product.

In 2018, the top exporters of Electro-diagnostic apparatus, nes were United States ($4.19B), Germany ($3.28B), Japan ($2.22B), China ($2.18B), and Netherlands ($1.52B).

In 2018, the top importers of Electro-diagnostic apparatus, nes were United States ($4.6B), China ($2.15B), Germany ($1.79B), Netherlands ($1.27B), and Japan ($1.03B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $423M

Top Destination Growth (2017 - 2018): Germany, $486M

Between 2017 and 2018, the exports of Electro-diagnostic apparatus, nes grew the fastest in United States ($423M), Germany ($388M), Netherlands ($349M), Ireland ($183M), and Japan ($166M).

Between 2017 and 2018, the fastest growing importers of Electro-diagnostic apparatus, nes were Germany ($486M), Brazil ($179M), Saudi Arabia ($119M), United Kingdom ($114M), and China ($110M).

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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 Electro-diagnostic apparatus, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Electro-diagnostic apparatus, nes are explained by 15 countries.

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TOP NET EXPORTER (2018): Germany, $1.5B

TOP NET IMPORTER (2018): United States, $415M

This map shows which countries export or import more of Electro-diagnostic apparatus, nes. Each country is colored based on the difference in exports and imports of Electro-diagnostic apparatus, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Electro-diagnostic apparatus, nes were Germany ($1.5B), Japan ($1.18B), Mexico ($541M), South Korea ($461M), and Israel ($314M).

In 2018, the countries that had a largest trade value in imports than in exports of Electro-diagnostic apparatus, nes were United States ($415M), Brazil ($334M), Australia ($314M), Russia ($269M), and India ($245M).

Trade Forecasts

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This section shows forecasts for total trade for Electro-diagnostic apparatus, nes. 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 Electro-diagnostic apparatus, nes was 3.29%.  The countries with the highest tariffs for importing Electro-diagnostic apparatus, nes were Bermuda (25%), Iran (18%), Aruba (12%), Venezuela (10.1%), and Brazil (10.1%).

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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.