HS Icon Laboratory Reagents

3822 (Harmonized System 1992 for 4-digit)

World Trade (2018): $27.1B, Rnk 138 / 1225

Top Exporter (2018): $7.05B, United States

Top Importer (2018): $3.49B, United States

Product Complexity (2018): 0.8, Rnk 237 / 1018

Export Growth (CAGR)(2017 - 2018): 7.4%, Rnk 881 / 1225

Mean Tariff (2018): 3.43%, Rnk 1092 / 1259

Share of World Trade (2018): 0.15%, Rnk 138 / 1225

Overview:  This page contains the latest trade data of Laboratory Reagents. In 2018, Laboratory Reagents were the world's 138th most traded product, with a total trade of $27.1B. Between 2017 and 2018 the exports of Laboratory Reagents grew by 7.4%, from  $25.2B to $27.1B. Trade in Laboratory Reagents represent 0.15% of total world trade.

Exports: In 2018 the top exporters of Laboratory Reagents  were United States ($7.05B), Germany ($4.46B), United Kingdom ($2.04B), Netherlands ($1.92B), and France ($1.35B).

Imports: In 2018 the top importers of Laboratory Reagents were United States ($3.49B), Germany ($3.1B), China ($2.18B), Netherlands ($1.58B), and France ($1.47B).

Tariffs: In 2018 the average tariff for Laboratory Reagents was 3.43%, been the 1092 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Laboratory Reagents are Bermuda (25%), Pakistan (19.5%), Azerbaijan (14.4%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).

Ranking: Laboratory Reagents ranks 237th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $7.05B

Top Destination (2018): United States, $3.49B

Laboratory Reagents are the world's 138th most traded product.

In 2018, the top exporters of Laboratory Reagents were United States ($7.05B), Germany ($4.46B), United Kingdom ($2.04B), Netherlands ($1.92B), and France ($1.35B).

In 2018, the top importers of Laboratory Reagents were United States ($3.49B), Germany ($3.1B), China ($2.18B), Netherlands ($1.58B), and France ($1.47B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $738M

Top Destination Growth (2017 - 2018): China, $461M

Between 2017 and 2018, the exports of Laboratory Reagents grew the fastest in Netherlands ($738M), United States ($377M), Ireland ($339M), Lithuania ($270M), and Singapore ($209M).

Between 2017 and 2018, the fastest growing importers of Laboratory Reagents were China ($461M), Brazil ($289M), Japan ($235M), Netherlands ($222M), and United States ($175M).

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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 Laboratory Reagents.

In 2018,  market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Laboratory Reagents are explained by 15 countries.

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TOP NET EXPORTER (2018): United States, $3.56B

TOP NET IMPORTER (2018): China, $1.68B

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

In 2018, the countries that had a largest trade value in exports than in imports of Laboratory Reagents were United States ($3.56B), Germany ($1.36B), United Kingdom ($901M), Ireland ($776M), and Singapore ($695M).

In 2018, the countries that had a largest trade value in imports than in exports of Laboratory Reagents were China ($1.68B), Italy ($617M), Brazil ($419M), India ($347M), and Saudi Arabia ($335M).

Trade Forecasts

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This section shows forecasts for total trade for Laboratory Reagents. 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 Laboratory Reagents was 3.43%.  The countries with the highest tariffs for importing Laboratory Reagents were Bermuda (25%), Pakistan (19.5%), Azerbaijan (14.4%), Algeria (12.2%), and Aruba (12%).

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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.