HS Icon Balances

9016 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $452M, Rnk 1039 / 1217

2019
Top Exporter | Top Importer
: $114M | $88.8M, Switzerland | United States

2018 - 2019
Export Growth (CAGR)
: -6.24%, Rnk 803 / 1217

2018
Mean Tariff
: 5.25%, Rnk 781 / 1259

 2019
Share of World Trade
: 0.0025%, Rnk 1039 / 1217

Overview:  This page contains the latest trade data of Balances. In 2019, Balances were the world's 1039th most traded product, with a total trade of $452M. Between 2018 and 2019 the exports of Balances decreased by -6.24%, from  $482M to $452M. Trade in Balances represent 0.0025% of total world trade.

Exports: In 2019 the top exporters of Balances  were Switzerland ($114M), Germany ($105M), China ($70.2M), Netherlands ($58.7M), and Japan ($20.6M).

Imports: In 2019 the top importers of Balances were United States ($88.8M), China ($55.2M), Germany ($23.9M), India ($23.7M), and Japan ($21.6M).

Tariffs: In 2018 the average tariff for Balances was 5.25%, making it the 781st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Balances are Bahamas (40.2%), Ethiopia (29.7%), Algeria (26.6%), Bermuda (25%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2019): Switzerland, $114M

Top Destination (2019): United States, $88.8M

Balances are the world's 1039th most traded product.

In 2019, the top exporters of Balances were Switzerland ($114M), Germany ($105M), China ($70.2M), Netherlands ($58.7M), and Japan ($20.6M).

In 2019, the top importers of Balances were United States ($88.8M), China ($55.2M), Germany ($23.9M), India ($23.7M), and Japan ($21.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Netherlands, $6.92M

Top Destination Growth (2018 - 2019): Netherlands, $5.97M

Between 2018 and 2019, the exports of Balances grew the fastest in Netherlands ($6.92M), Germany ($2.43M), Philippines ($2.08M), United Arab Emirates ($1.1M), and Malaysia ($1.08M).

Between 2018 and 2019, the fastest growing importers of Balances were Netherlands ($5.97M), United States ($3.41M), Vietnam ($1.53M), Iraq ($1.47M), and Russia ($1.13M).

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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 Balances.

In 2019,  market concentration measured using Shannon Entropy, was 3.18. This means that most of the exports of Balances are explained by 9 countries.

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TOP NET EXPORTER (2019): Switzerland, $105M

TOP NET IMPORTER (2019): United States, $75.9M

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

In 2019, the countries that had a largest trade value in exports than in imports of Balances were Switzerland ($105M), Germany ($81.3M), Netherlands ($40.5M), China ($15.1M), and Philippines ($14.4M).

In 2019, the countries that had a largest trade value in imports than in exports of Balances were United States ($75.9M), India ($22.3M), France ($11.7M), South Korea ($10.9M), and Russia ($10.2M).

Disaggregation

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Value

In 2019, the world most traded Balances, disaggragated by their HS6 level were Balances of a sensitivity of 50... ($452M)

Import Tariffs

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In 2018, the average tariff for importing Balances was 5.25%.  The countries with the highest tariffs for importing Balances were Bahamas (40.2%), Ethiopia (29.7%), Algeria (26.6%), Bermuda (25%), and Maldives (19.6%).

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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.