HS Icon Equipment to measure, check gas/liquid properties nes

902680 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.55B, Rnk 867 / 4726

Top Exporter (2018): $857M, Germany

Top Importer (2018): $398M, United States

Product Complexity (2018): 1.16, Rnk 535 / 4873

Export Growth (CAGR)(2017 - 2018): 13.2%, Rnk 2175 / 4726

Mean Tariff (2018): 2.85%, Rnk 5808 / 6538

Share of World Trade (2018): 0.019%, Rnk 867 / 4726

Overview:  This page contains the latest trade data of Equipment to measure, check gas/liquid properties nes. In 2018, Equipment to measure, check gas/liquid properties nes were the world's 867th most traded product, with a total trade of $3.55B. Between 2017 and 2018 the exports of Equipment to measure, check gas/liquid properties nes grew by 13.2%, from  $3.14B to $3.55B. Trade in Equipment to measure, check gas/liquid properties nes represent 0.019% of total world trade.

Exports: In 2018 the top exporters of Equipment to measure, check gas/liquid properties nes  were Germany ($857M), United States ($566M), Switzerland ($280M), United Kingdom ($210M), and China ($187M).

Imports: In 2018 the top importers of Equipment to measure, check gas/liquid properties nes were United States ($398M), China ($315M), Germany ($276M), United Kingdom ($191M), and France ($147M).

Tariffs: In 2018 the average tariff for Equipment to measure, check gas/liquid properties nes was 2.85%, been the 5808 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Equipment to measure, check gas/liquid properties nes are Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Maldives (19.6%), and Venezuela (17.3%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Equipment to measure, check gas/liquid properties nes ranks 535th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $857M

Top Destination (2018): United States, $398M

Equipment to measure, check gas/liquid properties nes are the world's 867th most traded product.

In 2018, the top exporters of Equipment to measure, check gas/liquid properties nes were Germany ($857M), United States ($566M), Switzerland ($280M), United Kingdom ($210M), and China ($187M).

In 2018, the top importers of Equipment to measure, check gas/liquid properties nes were United States ($398M), China ($315M), Germany ($276M), United Kingdom ($191M), and France ($147M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $118M

Top Destination Growth (2017 - 2018): South Korea, $56.8M

Between 2017 and 2018, the exports of Equipment to measure, check gas/liquid properties nes grew the fastest in Germany ($118M), United States ($75.5M), France ($59.8M), United Kingdom ($39.9M), and Austria ($39.2M).

Between 2017 and 2018, the fastest growing importers of Equipment to measure, check gas/liquid properties nes were South Korea ($56.8M), United States ($46.3M), China ($29.4M), India ($28.2M), and Spain ($24.9M).

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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 Equipment to measure, check gas/liquid properties nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Equipment to measure, check gas/liquid properties nes are explained by 17 countries.

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TOP NET EXPORTER (2018): Germany, $581M

TOP NET IMPORTER (2018): China, $128M

This map shows which countries export or import more of Equipment to measure, check gas/liquid properties nes. Each country is colored based on the difference in exports and imports of Equipment to measure, check gas/liquid properties nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Equipment to measure, check gas/liquid properties nes were Germany ($581M), Switzerland ($236M), United States ($169M), Japan ($78.4M), and Denmark ($42M).

In 2018, the countries that had a largest trade value in imports than in exports of Equipment to measure, check gas/liquid properties nes were China ($128M), South Korea ($110M), India ($74.8M), Russia ($57.7M), and Canada ($57.2M).

Trade Forecasts

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This section shows forecasts for total trade for Equipment to measure, check gas/liquid properties 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 Equipment to measure, check gas/liquid properties nes was 2.85%.  The countries with the highest tariffs for importing Equipment to measure, check gas/liquid properties nes were Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Maldives (19.6%), and Venezuela (17.3%).

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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.