HS Icon Grand pianos, including auto-players

920120 (Harmonized System 1992 for 6-digit)

World Trade (2018): $393M, Rnk 3034 / 4726

Top Exporter (2018): $124M, Japan

Top Importer (2018): $78.6M, China

Product Complexity (2018): 1.28, Rnk 403 / 4873

Export Growth (CAGR)(2017 - 2018): 11.2%, Rnk 2485 / 4726

Mean Tariff (2018): 15.3%, Rnk 1086 / 6538

Share of World Trade (2018): 0.0021%, Rnk 3034 / 4726

Overview: In 2018, Grand pianos, including auto-players were the world's 3034th most traded product, with a total trade of $393M. Between 2017 and 2018 the exports of Grand pianos, including auto-players grew by 11.2%, from  $353M to $393M. Trade in Grand pianos, including auto-players represent 0.0021% of total world trade.

Exports: In 2018 the top exporters of Grand pianos, including auto-players  were Japan ($124M), Germany ($120M), Indonesia ($40M), China ($25.4M), and United States ($15.6M).

Imports: In 2018 the top importers of Grand pianos, including auto-players were China ($78.6M), United States ($72.7M), Germany ($25.3M), Canada ($19.2M), and United Kingdom ($17.6M).

Tariffs: In 2018 the average tariff for Grand pianos, including auto-players was 15.3%, been the 1086 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Grand pianos, including auto-players are Iran (100%), Sudan (35%), Ethiopia (29.7%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Grand pianos, including auto-players ranks 403rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $124M

Top Destination (2018): China, $78.6M

Grand pianos, including auto-players are the world's 3034th most traded product.

In 2018, the top exporters of Grand pianos, including auto-players were Japan ($124M), Germany ($120M), Indonesia ($40M), China ($25.4M), and United States ($15.6M).

In 2018, the top importers of Grand pianos, including auto-players were China ($78.6M), United States ($72.7M), Germany ($25.3M), Canada ($19.2M), and United Kingdom ($17.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $19.3M

Top Destination Growth (2017 - 2018): China, $17.5M

Between 2017 and 2018, the exports of Grand pianos, including auto-players grew the fastest in Germany ($19.3M), Japan ($6.61M), China ($5.92M), Poland ($2.48M), and United Arab Emirates ($2.11M).

Between 2017 and 2018, the fastest growing importers of Grand pianos, including auto-players were China ($17.5M), Hong Kong ($3.09M), United Arab Emirates ($2.47M), Belgium-Luxembourg ($2.44M), and Netherlands ($2.24M).

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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 Grand pianos, including auto-players.

In 2018,  market concentration measured using Shannon Entropy, was 2.93. This means that most of the exports of Grand pianos, including auto-players are explained by 7 countries.

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TOP NET EXPORTER (2018): Japan, $112M

TOP NET IMPORTER (2018): United States, $57M

This map shows which countries export or import more of Grand pianos, including auto-players. Each country is colored based on the difference in exports and imports of Grand pianos, including auto-players during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Grand pianos, including auto-players were Japan ($112M), Germany ($94.3M), Indonesia ($39.4M), Austria ($5.33M), and Italy ($4.6M).

In 2018, the countries that had a largest trade value in imports than in exports of Grand pianos, including auto-players were United States ($57M), China ($53.3M), Canada ($18.8M), Australia ($12.5M), and United Kingdom ($12.3M).

Trade Forecasts

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This section shows forecasts for total trade for Grand pianos, including auto-players. 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 Grand pianos, including auto-players was 15.3%.  The countries with the highest tariffs for importing Grand pianos, including auto-players were Iran (100%), Sudan (35%), Ethiopia (29.7%), Cameroon (29.4%), and Gabon (29.4%).

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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.