HS Icon Microtomes, parts of scientific analysis equipment

902790 (Harmonized System 1992 for 6-digit)

World Trade (2018): $12.1B, Rnk 245 / 4726

Top Exporter (2018): $2.09B, Japan

Top Importer (2018): $2.13B, United States

Product Complexity (2018): 1.93, Rnk 71 / 4873

Export Growth (CAGR)(2017 - 2018): 12.1%, Rnk 2358 / 4726

Mean Tariff (2018): 4.43%, Rnk 4585 / 6538

Share of World Trade (2018): 0.066%, Rnk 245 / 4726

Overview: In 2018, Microtomes, parts of scientific analysis equipment were the world's 245th most traded product, with a total trade of $12.1B. Between 2017 and 2018 the exports of Microtomes, parts of scientific analysis equipment grew by 12.1%, from  $10.8B to $12.1B. Trade in Microtomes, parts of scientific analysis equipment represent 0.066% of total world trade.

Exports: In 2018 the top exporters of Microtomes, parts of scientific analysis equipment  were Japan ($2.09B), Germany ($1.99B), United States ($1.91B), China ($755M), and Singapore ($707M).

Imports: In 2018 the top importers of Microtomes, parts of scientific analysis equipment were United States ($2.13B), Germany ($1.45B), China ($1.23B), Singapore ($623M), and Netherlands ($583M).

Tariffs: In 2018 the average tariff for Microtomes, parts of scientific analysis equipment was 4.43%, been the 4585 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Microtomes, parts of scientific analysis equipment are Bahamas (40.2%), Bermuda (25%), Iran (19.8%), Maldives (19.6%), and Liberia (18.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Microtomes, parts of scientific analysis equipment ranks 71st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $2.09B

Top Destination (2018): United States, $2.13B

Microtomes, parts of scientific analysis equipment are the world's 245th most traded product.

In 2018, the top exporters of Microtomes, parts of scientific analysis equipment were Japan ($2.09B), Germany ($1.99B), United States ($1.91B), China ($755M), and Singapore ($707M).

In 2018, the top importers of Microtomes, parts of scientific analysis equipment were United States ($2.13B), Germany ($1.45B), China ($1.23B), Singapore ($623M), and Netherlands ($583M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $509M

Top Destination Growth (2017 - 2018): United States, $329M

Between 2017 and 2018, the exports of Microtomes, parts of scientific analysis equipment grew the fastest in Japan ($509M), Germany ($244M), Singapore ($209M), Netherlands ($165M), and Belgium-Luxembourg ($62M).

Between 2017 and 2018, the fastest growing importers of Microtomes, parts of scientific analysis equipment were United States ($329M), Germany ($242M), China ($221M), Netherlands ($94.3M), and Poland ($91.5M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Microtomes, parts of scientific analysis equipment.

In 2018,  market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Microtomes, parts of scientific analysis equipment are explained by 15 countries.

TOP NET EXPORTER (2018): Japan, $1.57B

TOP NET IMPORTER (2018): China, $474M

This map shows which countries export or import more of Microtomes, parts of scientific analysis equipment. Each country is colored based on the difference in exports and imports of Microtomes, parts of scientific analysis equipment during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Microtomes, parts of scientific analysis equipment were Japan ($1.57B), Germany ($541M), Switzerland ($230M), Ireland ($176M), and Sweden ($172M).

In 2018, the countries that had a largest trade value in imports than exports of Microtomes, parts of scientific analysis equipment were China ($474M), India ($269M), Poland ($230M), United States ($220M), and Hong Kong ($215M).

Trade Forecasts

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This section shows forecasts for total trade for Microtomes, parts of scientific analysis equipment. 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 Microtomes, parts of scientific analysis equipment was 4.43%.  The countries with the highest tariffs for importing Microtomes, parts of scientific analysis equipment were Bahamas (40.2%), Bermuda (25%), Iran (19.8%), Maldives (19.6%), and Liberia (18.9%).

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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.