HS Icon Parts & accessories, electrical measuring instruments

903090 (Harmonized System 1992 for 6-digit)

World Trade (2018): $7.51B, Rnk 429 / 4726

Top Exporter (2018): $1.52B, United States

Top Importer (2018): $1.11B, United States

Product Complexity (2018): 1.32, Rnk 354 / 4873

Export Growth (CAGR)(2017 - 2018): 24.1%, Rnk 1114 / 4726

Mean Tariff (2018): 3.18%, Rnk 5606 / 6538

Share of World Trade (2018): 0.041%, Rnk 429 / 4726

Overview: In 2018, Parts & accessories, electrical measuring instruments were the world's 429th most traded product, with a total trade of $7.51B. Between 2017 and 2018 the exports of Parts & accessories, electrical measuring instruments grew by 24.1%, from  $6.05B to $7.51B. Trade in Parts & accessories, electrical measuring instruments represent 0.041% of total world trade.

Exports: In 2018 the top exporters of Parts & accessories, electrical measuring instruments  were United States ($1.52B), Malaysia ($1.32B), Japan ($1.23B), Germany ($508M), and China ($476M).

Imports: In 2018 the top importers of Parts & accessories, electrical measuring instruments were United States ($1.11B), Chinese Taipei ($1.06B), China ($1.05B), Malaysia ($550M), and Singapore ($475M).

Tariffs: In 2018 the average tariff for Parts & accessories, electrical measuring instruments was 3.18%, been the 5606 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts & accessories, electrical measuring instruments are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Ethiopia (17.3%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Parts & accessories, electrical measuring instruments ranks 354th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $1.52B

Top Destination (2018): United States, $1.11B

Parts & accessories, electrical measuring instruments are the world's 429th most traded product.

In 2018, the top exporters of Parts & accessories, electrical measuring instruments were United States ($1.52B), Malaysia ($1.32B), Japan ($1.23B), Germany ($508M), and China ($476M).

In 2018, the top importers of Parts & accessories, electrical measuring instruments were United States ($1.11B), Chinese Taipei ($1.06B), China ($1.05B), Malaysia ($550M), and Singapore ($475M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $335M

Top Destination Growth (2017 - 2018): Chinese Taipei, $457M

Between 2017 and 2018, the exports of Parts & accessories, electrical measuring instruments grew the fastest in United States ($335M), Japan ($316M), Malaysia ($285M), Chinese Taipei ($168M), and South Korea ($95.8M).

Between 2017 and 2018, the fastest growing importers of Parts & accessories, electrical measuring instruments were Chinese Taipei ($457M), China ($280M), United States ($139M), Hong Kong ($79.2M), and Philippines ($75.3M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Parts & accessories, electrical measuring instruments.

In 2018,  market concentration measured using Shannon Entropy, was 3.75. This means that most of the exports of Parts & accessories, electrical measuring instruments are explained by 13 countries.

TOP NET EXPORTER (2018): Japan, $832M

TOP NET IMPORTER (2018): Chinese Taipei, $656M

This map shows which countries export or import more of Parts & accessories, electrical measuring instruments. Each country is colored based on the difference in exports and imports of Parts & accessories, electrical measuring instruments during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Parts & accessories, electrical measuring instruments were Japan ($832M), Malaysia ($775M), United States ($415M), Germany ($201M), and United Kingdom ($45.6M).

In 2018, the countries that had a largest trade value in imports than exports of Parts & accessories, electrical measuring instruments were Chinese Taipei ($656M), China ($572M), Philippines ($177M), Hong Kong ($158M), and Singapore ($108M).

Trade Forecasts

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This section shows forecasts for total trade for Parts & accessories, electrical measuring instruments. 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 Parts & accessories, electrical measuring instruments was 3.18%.  The countries with the highest tariffs for importing Parts & accessories, electrical measuring instruments were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Ethiopia (17.3%), and Cambodia (15%).

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