HS Icon String Instruments

9202 (Harmonized System 1992 for 4-digit)

World Trade (2018): $997M, Rnk 912 / 1225

Top Exporter (2018): $412M, China

Top Importer (2018): $223M, United States

Product Complexity (2018): 0.067, Rnk 519 / 1018

Export Growth (CAGR)(2017 - 2018): 14%, Rnk 560 / 1225

Mean Tariff (2018): 14.3%, Rnk 226 / 1259

Share of World Trade (2018): 0.0054%, Rnk 912 / 1225

Overview:  This page contains the latest trade data of String Instruments. In 2018, String Instruments were the world's 912th most traded product, with a total trade of $997M. Between 2017 and 2018 the exports of String Instruments grew by 14%, from  $874M to $997M. Trade in String Instruments represent 0.0054% of total world trade.

Exports: In 2018 the top exporters of String Instruments  were China ($412M), United States ($135M), Indonesia ($82.4M), Mexico ($65.1M), and Netherlands ($47.8M).

Imports: In 2018 the top importers of String Instruments were United States ($223M), Germany ($83.9M), Japan ($64M), United Kingdom ($53.4M), and France ($48.3M).

Tariffs: In 2018 the average tariff for String Instruments was 14.3%, been the 226 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for String Instruments 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: String Instruments ranks 519th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $412M

Top Destination (2018): United States, $223M

String Instruments are the world's 912th most traded product.

In 2018, the top exporters of String Instruments were China ($412M), United States ($135M), Indonesia ($82.4M), Mexico ($65.1M), and Netherlands ($47.8M).

In 2018, the top importers of String Instruments were United States ($223M), Germany ($83.9M), Japan ($64M), United Kingdom ($53.4M), and France ($48.3M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $23.4M

Top Destination Growth (2017 - 2018): Germany, $19.5M

Between 2017 and 2018, the exports of String Instruments grew the fastest in China ($23.4M), Netherlands ($20.8M), United States ($15.4M), Mexico ($11.8M), and Tanzania ($9.87M).

Between 2017 and 2018, the fastest growing importers of String Instruments were Germany ($19.5M), United States ($18.2M), France ($10.1M), China ($8.33M), and India ($5.38M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of String Instruments.

In 2018,  market concentration measured using Shannon Entropy, was 3.31. This means that most of the exports of String Instruments are explained by 9 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $384M

TOP NET IMPORTER (2018): United States, $88.6M

This map shows which countries export or import more of String Instruments. Each country is colored based on the difference in exports and imports of String Instruments during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of String Instruments were China ($384M), Indonesia ($79.1M), Mexico ($54.7M), Tanzania ($9.69M), and Romania ($8.21M).

In 2018, the countries that had a largest trade value in imports than in exports of String Instruments were United States ($88.6M), Japan ($53.8M), Germany ($39.5M), Canada ($28.3M), and United Kingdom ($27.5M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for String Instruments. 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 String Instruments was 14.3%.  The countries with the highest tariffs for importing String Instruments were Iran (100%), Sudan (35%), Ethiopia (29.7%), Cameroon (29.4%), and Gabon (29.4%).

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.