HS Icon Hearing aids, except parts and accessories

902140 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.99B, Rnk 629 / 4726

Top Exporter (2018): $866M, Poland

Top Importer (2018): $1.39B, United States

Product Complexity (2018): 0.84, Rnk 1046 / 4873

Export Growth (CAGR)(2017 - 2018): 14.7%, Rnk 1936 / 4726

Mean Tariff (2018): 1.41%, Rnk 6315 / 6538

Share of World Trade (2018): 0.027%, Rnk 629 / 4726

Overview:  This page contains the latest trade data of Hearing aids, except parts and accessories. In 2018, Hearing aids, except parts and accessories were the world's 629th most traded product, with a total trade of $4.99B. Between 2017 and 2018 the exports of Hearing aids, except parts and accessories grew by 14.7%, from  $4.35B to $4.99B. Trade in Hearing aids, except parts and accessories represent 0.027% of total world trade.

Exports: In 2018 the top exporters of Hearing aids, except parts and accessories  were Poland ($866M), China ($554M), Singapore ($488M), Denmark ($429M), and Mexico ($387M).

Imports: In 2018 the top importers of Hearing aids, except parts and accessories were United States ($1.39B), Germany ($462M), United Kingdom ($346M), France ($302M), and Netherlands ($230M).

Tariffs: In 2018 the average tariff for Hearing aids, except parts and accessories was 1.41%, been the 6315 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Hearing aids, except parts and accessories are Ecuador (17.1%), Cuba (9.85%), Indonesia (9.46%), Samoa (8%), and Cambodia (7%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Algeria (0%), Ethiopia (0%), and Ghana (0%).

Ranking: Hearing aids, except parts and accessories ranks 1046th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Poland, $866M

Top Destination (2018): United States, $1.39B

Hearing aids, except parts and accessories are the world's 629th most traded product.

In 2018, the top exporters of Hearing aids, except parts and accessories were Poland ($866M), China ($554M), Singapore ($488M), Denmark ($429M), and Mexico ($387M).

In 2018, the top importers of Hearing aids, except parts and accessories were United States ($1.39B), Germany ($462M), United Kingdom ($346M), France ($302M), and Netherlands ($230M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $372M

Top Destination Growth (2017 - 2018): Germany, $153M

Between 2017 and 2018, the exports of Hearing aids, except parts and accessories grew the fastest in Poland ($372M), United States ($142M), Mexico ($125M), Netherlands ($100M), and Vietnam ($96.5M).

Between 2017 and 2018, the fastest growing importers of Hearing aids, except parts and accessories were Germany ($153M), Netherlands ($91.2M), France ($71.6M), Poland ($65.3M), and Mexico ($63.9M).

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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 Hearing aids, except parts and accessories.

In 2018,  market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Hearing aids, except parts and accessories are explained by 14 countries.

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TOP NET EXPORTER (2018): Poland, $687M

TOP NET IMPORTER (2018): United States, $1.01B

This map shows which countries export or import more of Hearing aids, except parts and accessories. Each country is colored based on the difference in exports and imports of Hearing aids, except parts and accessories during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Hearing aids, except parts and accessories were Poland ($687M), Singapore ($413M), China ($406M), Denmark ($374M), and Mexico ($272M).

In 2018, the countries that had a largest trade value in imports than in exports of Hearing aids, except parts and accessories were United States ($1.01B), Germany ($392M), France ($168M), United Kingdom ($134M), and Canada ($131M).

Trade Forecasts

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This section shows forecasts for total trade for Hearing aids, except parts and accessories. 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 Hearing aids, except parts and accessories was 1.41%.  The countries with the highest tariffs for importing Hearing aids, except parts and accessories were Ecuador (17.1%), Cuba (9.85%), Indonesia (9.46%), Samoa (8%), 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.