HS Icon Chemical Analysis Instruments

9027 (Harmonized System 1992 for 4-digit)

World Trade (2018): $45.6B, Rnk 82 / 1225

Top Exporter (2018): $9.09B, Germany

Top Importer (2018): $6.61B, United States

Product Complexity (2018): 1.78, Rnk 17 / 1018

Export Growth (CAGR)(2017 - 2018): 9.54%, Rnk 801 / 1225

Mean Tariff (2018): 3.51%, Rnk 1078 / 1259

Share of World Trade (2018): 0.25%, Rnk 82 / 1225

Overview:  This page contains the latest trade data of Chemical Analysis Instruments. In 2018, Chemical Analysis Instruments were the world's 82nd most traded product, with a total trade of $45.6B. Between 2017 and 2018 the exports of Chemical Analysis Instruments grew by 9.54%, from  $41.6B to $45.6B. Trade in Chemical Analysis Instruments represent 0.25% of total world trade.

Exports: In 2018 the top exporters of Chemical Analysis Instruments  were Germany ($9.09B), United States ($8.96B), Japan ($4.55B), Singapore ($3.47B), and China ($2.55B).

Imports: In 2018 the top importers of Chemical Analysis Instruments were United States ($6.61B), China ($6.26B), Germany ($4.39B), South Korea ($1.91B), and Netherlands ($1.67B).

Tariffs: In 2018 the average tariff for Chemical Analysis Instruments was 3.51%, been the 1078 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Chemical Analysis Instruments are Bahamas (34.4%), Bermuda (25%), Liberia (18.9%), Maldives (15.2%), and Iran (14.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Chemical Analysis Instruments ranks 17th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Germany, $9.09B

Top Destination (2018): United States, $6.61B

Chemical Analysis Instruments are the world's 82nd most traded product.

In 2018, the top exporters of Chemical Analysis Instruments were Germany ($9.09B), United States ($8.96B), Japan ($4.55B), Singapore ($3.47B), and China ($2.55B).

In 2018, the top importers of Chemical Analysis Instruments were United States ($6.61B), China ($6.26B), Germany ($4.39B), South Korea ($1.91B), and Netherlands ($1.67B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $1.59B

Top Destination Growth (2017 - 2018): United States, $521M

Between 2017 and 2018, the exports of Chemical Analysis Instruments grew the fastest in Germany ($1.59B), Singapore ($519M), Netherlands ($436M), Belgium-Luxembourg ($250M), and United Kingdom ($250M).

Between 2017 and 2018, the fastest growing importers of Chemical Analysis Instruments were United States ($521M), Netherlands ($308M), Germany ($295M), Czechia ($195M), and Italy ($190M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Chemical Analysis Instruments.

In 2018,  market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Chemical Analysis Instruments are explained by 16 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Germany, $4.7B

TOP NET IMPORTER (2018): China, $3.71B

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

In 2018, the countries that had a largest trade value in exports than in imports of Chemical Analysis Instruments were Germany ($4.7B), Japan ($2.97B), United States ($2.35B), Singapore ($1.91B), and Switzerland ($959M).

In 2018, the countries that had a largest trade value in imports than in exports of Chemical Analysis Instruments were China ($3.71B), India ($1.21B), South Korea ($1.07B), Hong Kong ($1.03B), and Spain ($566M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Chemical Analysis Instruments. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Chemical Analysis Instruments was 3.51%.  The countries with the highest tariffs for importing Chemical Analysis Instruments were Bahamas (34.4%), Bermuda (25%), Liberia (18.9%), Maldives (15.2%), and Iran (14.2%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.