HS Icon Orthopedic Appliances

9021 (Harmonized System 1992 for 4-digit)

World Trade (2018): $60.4B, Rnk 49 / 1225

Top Exporter (2018): $10.7B, United States

Top Importer (2018): $11.2B, United States

Product Complexity (2018): 1.02, Rnk 168 / 1018

Export Growth (CAGR)(2017 - 2018): 16.9%, Rnk 435 / 1225

Mean Tariff (2018): 1.94%, Rnk 1240 / 1259

Share of World Trade (2018): 0.33%, Rnk 49 / 1225

Overview: In 2018, Orthopedic Appliances were the world's 49th most traded product, with a total trade of $60.4B. Between 2017 and 2018 the exports of Orthopedic Appliances grew by 16.9%, from  $51.7B to $60.4B. Trade in Orthopedic Appliances represent 0.33% of total world trade.

Exports: In 2018 the top exporters of Orthopedic Appliances  were United States ($10.7B), Netherlands ($7.02B), Switzerland ($6.64B), Ireland ($5.94B), and Germany ($5.73B).

Imports: In 2018 the top importers of Orthopedic Appliances were United States ($11.2B), Netherlands ($6.09B), Germany ($5.5B), France ($3.32B), and Japan ($3.07B).

Tariffs: In 2018 the average tariff for Orthopedic Appliances was 1.94%, been the 1240 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Orthopedic Appliances are Cuba (9.79%), Samoa (8%), Bolivia (7.68%), Iran (7%), and Cambodia (7%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).

Ranking: Orthopedic Appliances ranks 168th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $10.7B

Top Destination (2018): United States, $11.2B

Orthopedic Appliances are the world's 49th most traded product.

In 2018, the top exporters of Orthopedic Appliances were United States ($10.7B), Netherlands ($7.02B), Switzerland ($6.64B), Ireland ($5.94B), and Germany ($5.73B).

In 2018, the top importers of Orthopedic Appliances were United States ($11.2B), Netherlands ($6.09B), Germany ($5.5B), France ($3.32B), and Japan ($3.07B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $2.99B

Top Destination Growth (2017 - 2018): United States, $3.77B

Between 2017 and 2018, the exports of Orthopedic Appliances grew the fastest in Netherlands ($2.99B), Switzerland ($1.34B), Belgium-Luxembourg ($1.14B), Germany ($660M), and Poland ($525M).

Between 2017 and 2018, the fastest growing importers of Orthopedic Appliances were United States ($3.77B), Netherlands ($515M), Germany ($438M), Singapore ($286M), and Spain ($261M).

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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 Orthopedic Appliances.

In 2018,  market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Orthopedic Appliances are explained by 17 countries.

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TOP NET EXPORTER (2018): Ireland, $4.9B

TOP NET IMPORTER (2018): Japan, $2.84B

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

In 2018, the countries that had a largest trade value in exports than in imports of Orthopedic Appliances were Ireland ($4.9B), Switzerland ($4.73B), Singapore ($1.42B), Mexico ($1.36B), and Netherlands ($931M).

In 2018, the countries that had a largest trade value in imports than in exports of Orthopedic Appliances were Japan ($2.84B), Spain ($1.17B), Italy ($1.11B), United Kingdom ($826M), and China ($797M).

Trade Forecasts

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This section shows forecasts for total trade for Orthopedic 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 Orthopedic Appliances was 1.94%.  The countries with the highest tariffs for importing Orthopedic Appliances were Cuba (9.79%), Samoa (8%), Bolivia (7.68%), Iran (7%), and Cambodia (7%).

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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.