HS Icon Wind Instruments

9205 (Harmonized System 1992 for 4-digit)

World Trade (2018): $896M, Rnk 935 / 1225

Top Exporter (2018): $203M, China

Top Importer (2018): $228M, United States

Product Complexity (2018): 1.06, Rnk 152 / 1018

Export Growth (CAGR)(2017 - 2018): 12.2%, Rnk 659 / 1225

Mean Tariff (2018): 14.3%, Rnk 227 / 1259

Share of World Trade (2018): 0.0049%, Rnk 935 / 1225

Overview: In 2018, Wind Instruments were the world's 935th most traded product, with a total trade of $896M. Between 2017 and 2018 the exports of Wind Instruments grew by 12.2%, from  $799M to $896M. Trade in Wind Instruments represent 0.0049% of total world trade.

Exports: In 2018 the top exporters of Wind Instruments  were China ($203M), Japan ($136M), France ($129M), Germany ($128M), and Indonesia ($70.7M).

Imports: In 2018 the top importers of Wind Instruments were United States ($228M), Germany ($94M), Japan ($87.8M), France ($47.5M), and South Korea ($44.1M).

Tariffs: In 2018 the average tariff for Wind Instruments was 14.3%, been the 227 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wind 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: Wind Instruments ranks 152nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $203M

Top Destination (2018): United States, $228M

Wind Instruments are the world's 935th most traded product.

In 2018, the top exporters of Wind Instruments were China ($203M), Japan ($136M), France ($129M), Germany ($128M), and Indonesia ($70.7M).

In 2018, the top importers of Wind Instruments were United States ($228M), Germany ($94M), Japan ($87.8M), France ($47.5M), and South Korea ($44.1M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): France, $30.8M

Top Destination Growth (2017 - 2018): United States, $17.1M

Between 2017 and 2018, the exports of Wind Instruments grew the fastest in France ($30.8M), Germany ($17.4M), China ($11M), United Kingdom ($9.14M), and Italy ($7.89M).

Between 2017 and 2018, the fastest growing importers of Wind Instruments were United States ($17.1M), Japan ($13.4M), Germany ($12.3M), China ($11M), and Belgium-Luxembourg ($5.45M).

Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.47. This means that most of the exports of Wind Instruments are explained by 11 countries.

TOP NET EXPORTER (2018): China, $173M

TOP NET IMPORTER (2018): United States, $180M

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

In 2018, the countries that had a largest trade value in exports than imports of Wind Instruments were China ($173M), France ($81.1M), Indonesia ($66.2M), Japan ($48M), and Chinese Taipei ($36.3M).

In 2018, the countries that had a largest trade value in imports than exports of Wind Instruments were United States ($180M), South Korea ($41.2M), Hong Kong ($22M), Spain ($19.8M), and Australia ($12.4M).

Trade Forecasts

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This section shows forecasts for total trade for Wind 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 Wind Instruments was 14.3%.  The countries with the highest tariffs for importing Wind Instruments 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.