HS Icon Equipment for physical or chemical analysis, nes

902780 (Harmonized System 1992 for 6-digit)

World Trade (2018): $12.4B, Rnk 236 / 4726

Top Exporter (2018): $2.57B, United States

Top Importer (2018): $2.07B, China

Product Complexity (2018): 1.93, Rnk 69 / 4873

Export Growth (CAGR)(2017 - 2018): 3.31%, Rnk 3518 / 4726

Mean Tariff (2018): 3.3%, Rnk 5535 / 6538

Share of World Trade (2018): 0.067%, Rnk 236 / 4726

Overview: In 2018, Equipment for physical or chemical analysis, nes were the world's 236th most traded product, with a total trade of $12.4B. Between 2017 and 2018 the exports of Equipment for physical or chemical analysis, nes grew by 3.31%, from  $12B to $12.4B. Trade in Equipment for physical or chemical analysis, nes represent 0.067% of total world trade.

Exports: In 2018 the top exporters of Equipment for physical or chemical analysis, nes  were United States ($2.57B), Germany ($2.25B), Japan ($1.08B), Singapore ($1.06B), and China ($871M).

Imports: In 2018 the top importers of Equipment for physical or chemical analysis, nes were China ($2.07B), United States ($1.6B), Germany ($995M), South Korea ($667M), and Japan ($438M).

Tariffs: In 2018 the average tariff for Equipment for physical or chemical analysis, nes was 3.3%, been the 5535 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Equipment for physical or chemical analysis, nes are Bermuda (25%), Bahamas (20.1%), Liberia (18.9%), Iran (16%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Equipment for physical or chemical analysis, nes ranks 69th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): United States, $2.57B

Top Destination (2018): China, $2.07B

Equipment for physical or chemical analysis, nes are the world's 236th most traded product.

In 2018, the top exporters of Equipment for physical or chemical analysis, nes were United States ($2.57B), Germany ($2.25B), Japan ($1.08B), Singapore ($1.06B), and China ($871M).

In 2018, the top importers of Equipment for physical or chemical analysis, nes were China ($2.07B), United States ($1.6B), Germany ($995M), South Korea ($667M), and Japan ($438M).

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $369M

Top Destination Growth (2017 - 2018): United States, $96.6M

Between 2017 and 2018, the exports of Equipment for physical or chemical analysis, nes grew the fastest in Germany ($369M), Netherlands ($108M), South Korea ($98.8M), Chinese Taipei ($89.2M), and France ($81.6M).

Between 2017 and 2018, the fastest growing importers of Equipment for physical or chemical analysis, nes were United States ($96.6M), Netherlands ($68.8M), Chinese Taipei ($58.8M), United Kingdom ($49.4M), and Italy ($46.1M).

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Equipment for physical or chemical analysis, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Equipment for physical or chemical analysis, nes are explained by 15 countries.

TOP NET EXPORTER (2018): Germany, $1.26B

TOP NET IMPORTER (2018): China, $1.2B

This map shows which countries export or import more of Equipment for physical or chemical analysis, nes. Each country is colored based on the difference in exports and imports of Equipment for physical or chemical analysis, nes during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Equipment for physical or chemical analysis, nes were Germany ($1.26B), United States ($972M), Singapore ($765M), Japan ($644M), and Switzerland ($446M).

In 2018, the countries that had a largest trade value in imports than exports of Equipment for physical or chemical analysis, nes were China ($1.2B), India ($357M), Hong Kong ($327M), South Korea ($295M), and Russia ($140M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Equipment for physical or chemical analysis, nes. 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 Equipment for physical or chemical analysis, nes was 3.3%.  The countries with the highest tariffs for importing Equipment for physical or chemical analysis, nes were Bermuda (25%), Bahamas (20.1%), Liberia (18.9%), Iran (16%), and Cambodia (15%).

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.