HS Icon Hydrometers

9025 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.85B, Rnk 463 / 1225

Top Exporter (2018): $1.24B, China

Top Importer (2018): $965M, United States

Product Complexity (2018): 0.93, Rnk 196 / 1018

Export Growth (CAGR)(2017 - 2018): 12%, Rnk 668 / 1225

Mean Tariff (2018): 4.41%, Rnk 924 / 1259

Share of World Trade (2018): 0.032%, Rnk 463 / 1225

Overview:  This page contains the latest trade data of Hydrometers. In 2018, Hydrometers were the world's 463rd most traded product, with a total trade of $5.85B. Between 2017 and 2018 the exports of Hydrometers grew by 12%, from  $5.22B to $5.85B. Trade in Hydrometers represent 0.032% of total world trade.

Exports: In 2018 the top exporters of Hydrometers  were China ($1.24B), Germany ($854M), United States ($773M), Japan ($270M), and United Kingdom ($240M).

Imports: In 2018 the top importers of Hydrometers were United States ($965M), Germany ($494M), China ($382M), Japan ($238M), and Netherlands ($237M).

Tariffs: In 2018 the average tariff for Hydrometers was 4.41%, been the 924 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hydrometers are Bahamas (40.2%), Bermuda (25%), Maldives (16%), Venezuela (15.1%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Hydrometers ranks 196th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.24B

Top Destination (2018): United States, $965M

Hydrometers are the world's 463rd most traded product.

In 2018, the top exporters of Hydrometers were China ($1.24B), Germany ($854M), United States ($773M), Japan ($270M), and United Kingdom ($240M).

In 2018, the top importers of Hydrometers were United States ($965M), Germany ($494M), China ($382M), Japan ($238M), and Netherlands ($237M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $164M

Top Destination Growth (2017 - 2018): United States, $135M

Between 2017 and 2018, the exports of Hydrometers grew the fastest in Germany ($164M), United States ($105M), Singapore ($72.1M), Netherlands ($64.9M), and Thailand ($51.9M).

Between 2017 and 2018, the fastest growing importers of Hydrometers were United States ($135M), Netherlands ($59.3M), Singapore ($48.2M), United Kingdom ($45.2M), and Mexico ($43.2M).

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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 Hydrometers.

In 2018,  market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Hydrometers are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $859M

TOP NET IMPORTER (2018): United States, $192M

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

In 2018, the countries that had a largest trade value in exports than in imports of Hydrometers were China ($859M), Germany ($360M), Finland ($60.8M), Sweden ($50.4M), and Switzerland ($38.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Hydrometers were United States ($192M), Hong Kong ($112M), Canada ($79.3M), Russia ($71M), and South Korea ($69.6M).

Trade Forecasts

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This section shows forecasts for total trade for Hydrometers. 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 Hydrometers was 4.41%.  The countries with the highest tariffs for importing Hydrometers were Bahamas (40.2%), Bermuda (25%), Maldives (16%), Venezuela (15.1%), and Cambodia (15%).

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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.