HS Icon Therapeutic Appliances

9019 (Harmonized System 1992 for 4-digit)

World Trade (2018): $13.1B, Rnk 273 / 1225

Top Exporter (2018): $3.87B, China

Top Importer (2018): $3.39B, United States

Product Complexity (2018): 0.65, Rnk 307 / 1018

Export Growth (CAGR)(2017 - 2018): 7.1%, Rnk 888 / 1225

Mean Tariff (2018): 4.01%, Rnk 991 / 1259

Share of World Trade (2018): 0.071%, Rnk 273 / 1225

Overview:  This page contains the latest trade data of Therapeutic Appliances. In 2018, Therapeutic Appliances were the world's 273rd most traded product, with a total trade of $13.1B. Between 2017 and 2018 the exports of Therapeutic Appliances grew by 7.1%, from  $12.3B to $13.1B. Trade in Therapeutic Appliances represent 0.071% of total world trade.

Exports: In 2018 the top exporters of Therapeutic Appliances  were China ($3.87B), Singapore ($1.22B), United States ($1.18B), Germany ($932M), and Australia ($751M).

Imports: In 2018 the top importers of Therapeutic Appliances were United States ($3.39B), Netherlands ($865M), Germany ($821M), Japan ($758M), and France ($690M).

Tariffs: In 2018 the average tariff for Therapeutic Appliances was 4.01%, been the 991 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Therapeutic Appliances are Bermuda (25%), Syria (18.4%), Iran (14.8%), Zimbabwe (13.7%), and Venezuela (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Therapeutic Appliances ranks 307th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.87B

Top Destination (2018): United States, $3.39B

Therapeutic Appliances are the world's 273rd most traded product.

In 2018, the top exporters of Therapeutic Appliances were China ($3.87B), Singapore ($1.22B), United States ($1.18B), Germany ($932M), and Australia ($751M).

In 2018, the top importers of Therapeutic Appliances were United States ($3.39B), Netherlands ($865M), Germany ($821M), Japan ($758M), and France ($690M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $315M

Top Destination Growth (2017 - 2018): South Korea, $206M

Between 2017 and 2018, the exports of Therapeutic Appliances grew the fastest in Netherlands ($315M), Singapore ($163M), Croatia ($151M), Germany ($147M), and Czechia ($87.7M).

Between 2017 and 2018, the fastest growing importers of Therapeutic Appliances were South Korea ($206M), Netherlands ($194M), Hong Kong ($112M), Germany ($85.2M), and Spain ($56.9M).

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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 Therapeutic Appliances.

In 2018,  market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Therapeutic Appliances are explained by 15 countries.

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TOP NET EXPORTER (2018): China, $3.43B

TOP NET IMPORTER (2018): United States, $2.2B

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

In 2018, the countries that had a largest trade value in exports than in imports of Therapeutic Appliances were China ($3.43B), Singapore ($987M), Mexico ($539M), Australia ($478M), and New Zealand ($276M).

In 2018, the countries that had a largest trade value in imports than in exports of Therapeutic Appliances were United States ($2.2B), South Korea ($561M), Japan ($541M), France ($467M), and Hong Kong ($243M).

Trade Forecasts

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This section shows forecasts for total trade for Therapeutic Appliances. 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 Therapeutic Appliances was 4.01%.  The countries with the highest tariffs for importing Therapeutic Appliances were Bermuda (25%), Syria (18.4%), Iran (14.8%), Zimbabwe (13.7%), and Venezuela (13.4%).

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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.