HS Icon Measuring or checking equipment, nes

903180 (Harmonized System 1992 for 6-digit)

World Trade (2018): $22.8B, Rnk 112 / 4726

Top Exporter (2018): $5.05B, Germany

Top Importer (2018): $3.52B, China

Product Complexity (2018): 1.33, Rnk 347 / 4873

Export Growth (CAGR)(2017 - 2018): 2.63%, Rnk 3582 / 4726

Mean Tariff (2018): 4.34%, Rnk 4671 / 6538

Share of World Trade (2018): 0.12%, Rnk 112 / 4726

Overview:  This page contains the latest trade data of Measuring or checking equipment, nes. In 2018, Measuring or checking equipment, nes were the world's 112th most traded product, with a total trade of $22.8B. Between 2017 and 2018 the exports of Measuring or checking equipment, nes grew by 2.63%, from  $22.2B to $22.8B. Trade in Measuring or checking equipment, nes represent 0.12% of total world trade.

Exports: In 2018 the top exporters of Measuring or checking equipment, nes  were Germany ($5.05B), China ($2.49B), United States ($2.39B), Japan ($2.01B), and South Korea ($1.25B).

Imports: In 2018 the top importers of Measuring or checking equipment, nes were China ($3.52B), United States ($2.92B), Germany ($1.82B), Mexico ($996M), and Japan ($878M).

Tariffs: In 2018 the average tariff for Measuring or checking equipment, nes was 4.34%, been the 4671 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Measuring or checking equipment, nes are Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Maldives (19.6%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Ghana (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Measuring or checking equipment, nes ranks 347th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $5.05B

Top Destination (2018): China, $3.52B

Measuring or checking equipment, nes are the world's 112th most traded product.

In 2018, the top exporters of Measuring or checking equipment, nes were Germany ($5.05B), China ($2.49B), United States ($2.39B), Japan ($2.01B), and South Korea ($1.25B).

In 2018, the top importers of Measuring or checking equipment, nes were China ($3.52B), United States ($2.92B), Germany ($1.82B), Mexico ($996M), and Japan ($878M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $647M

Top Destination Growth (2017 - 2018): Hong Kong, $248M

Between 2017 and 2018, the exports of Measuring or checking equipment, nes grew the fastest in Germany ($647M), Portugal ($128M), Singapore ($124M), China ($105M), and Italy ($97.4M).

Between 2017 and 2018, the fastest growing importers of Measuring or checking equipment, nes were Hong Kong ($248M), Singapore ($212M), Germany ($181M), Italy ($121M), and United Kingdom ($116M).

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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 Measuring or checking equipment, nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Measuring or checking equipment, nes are explained by 19 countries.

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TOP NET EXPORTER (2018): Germany, $3.22B

TOP NET IMPORTER (2018): China, $1.03B

This map shows which countries export or import more of Measuring or checking equipment, nes. Each country is colored based on the difference in exports and imports of Measuring or checking equipment, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Measuring or checking equipment, nes were Germany ($3.22B), Japan ($1.13B), Switzerland ($476M), South Korea ($378M), and Israel ($273M).

In 2018, the countries that had a largest trade value in imports than in exports of Measuring or checking equipment, nes were China ($1.03B), Mexico ($695M), Hong Kong ($649M), India ($576M), and United States ($533M).

Trade Forecasts

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This section shows forecasts for total trade for Measuring or checking equipment, 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 Measuring or checking equipment, nes was 4.34%.  The countries with the highest tariffs for importing Measuring or checking equipment, nes were Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Maldives (19.6%), and Cambodia (15%).

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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.