HS Icon Artificial joints

902111 (Harmonized System 1992 for 6-digit)

World Trade (2019): $12.2B, Rnk 236 / 4648

Top Exporter (2019): $2.59B, Ireland

Top Importer (2019): $3.35B, United States

Product Complexity (2019): 1.4, Rnk 295 / 4826

Export Growth (CAGR)(2018 - 2019): 6.05%, Rnk 676 / 4648

Mean Tariff (2018): 0.3%, Rnk 6441 / 6538

Share of World Trade (2019): 0.068%, Rnk 236 / 4648

Overview:  This page contains the latest trade data of Artificial joints. In 2019, Artificial joints were the world's 236th most traded product, with a total trade of $12.2B. Between 2018 and 2019 the exports of Artificial joints grew by 6.05%, from  $11.5B to $12.2B. Trade in Artificial joints represent 0.068% of total world trade.

Exports: In 2019 the top exporters of Artificial joints  were Ireland ($2.59B), United States ($2.14B), Netherlands ($1.71B), Switzerland ($1.13B), and Germany ($1.04B).

Imports: In 2019 the top importers of Artificial joints were United States ($3.35B), Netherlands ($1.1B), Germany ($732M), Belgium ($702M), and France ($571M).

Tariffs: In 2018 the average tariff for Artificial joints was 0.3%, making it the 6441st lowest tariff using the HS6 product classification.

Ranking: Artificial joints ranks 295th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2019): Ireland, $2.59B

Top Destination (2019): United States, $3.35B

Artificial joints are the world's 236th most traded product.

In 2019, the top exporters of Artificial joints were Ireland ($2.59B), United States ($2.14B), Netherlands ($1.71B), Switzerland ($1.13B), and Germany ($1.04B).

In 2019, the top importers of Artificial joints were United States ($3.35B), Netherlands ($1.1B), Germany ($732M), Belgium ($702M), and France ($571M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Netherlands, $359M

Top Destination Growth (2018 - 2019): United States, $436M

Between 2018 and 2019, the exports of Artificial joints grew the fastest in Netherlands ($359M), Ireland ($322M), United Kingdom ($125M), China ($49.6M), and Italy ($38.1M).

Between 2018 and 2019, the fastest growing importers of Artificial joints were United States ($436M), Netherlands ($164M), China ($59.2M), India ($49.2M), and Italy ($47M).

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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 Artificial joints.

In 2019,  market concentration measured using Shannon Entropy, was 3.4. This means that most of the exports of Artificial joints are explained by 10 countries.

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TOP NET EXPORTER (2019): Ireland, $2.26B

TOP NET IMPORTER (2019): United States, $1.22B

This map shows which countries export or import more of Artificial joints. Each country is colored based on the difference in exports and imports of Artificial joints during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Artificial joints were Ireland ($2.26B), Netherlands ($608M), Switzerland ($572M), Germany ($310M), and Belgium ($295M).

In 2019, the countries that had a largest trade value in imports than in exports of Artificial joints were United States ($1.22B), Japan ($477M), Australia ($275M), China ($248M), and Spain ($216M).

Import Tariffs

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In 2018, the average tariff for importing Artificial joints was 0.3%.  The countries with the highest tariffs for importing Artificial joints were Austria (2.95%), Sweden (0%), Finland (0%), Latvia (0%), and Turkmenistan (0%).

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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.