HS Icon Blank Audio Media

8523 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Blank Audio Media. In 2019, Blank Audio Media were the world's 83rd most traded product, with a total trade of $44.7B. Between 2018 and 2019 the exports of Blank Audio Media decreased by -5.4%, from $47.2B to $44.7B. Trade in Blank Audio Media represent 0.25% of total world trade.

Exports: In 2019 the top exporters of Blank Audio Media  were China ($6.22B), Chinese Taipei ($5.59B), South Korea ($5.02B), United States ($3.86B), and Malaysia ($3.82B).

Imports: In 2019 the top importers of Blank Audio Media were United States ($7.83B), China ($5.22B), Hong Kong ($4.1B), Germany ($2.44B), and Thailand ($2.13B).

Tariffs: In 2018 the average tariff for Blank Audio Media was 6.61%, making it the 644th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Blank Audio Media are Cameroon (29.4%), Chad (29.4%), Uzbekistan (27.8%), Gabon (26.6%), and Algeria (25.2%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Singapore (0%).

Ranking: Blank Audio Media ranks 41st in the Product Complexity Index (PCI).

Description: These products are used to store information. They can be made from a variety of materials, including plastic and metal.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $6.22B

Top Destination (2019): United States, $7.83B

Blank Audio Media are the world's 83rd most traded product.

In 2019, the top exporters of Blank Audio Media were China ($6.22B), Chinese Taipei ($5.59B), South Korea ($5.02B), United States ($3.86B), and Malaysia ($3.82B).

In 2019, the top importers of Blank Audio Media were United States ($7.83B), China ($5.22B), Hong Kong ($4.1B), Germany ($2.44B), and Thailand ($2.13B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): South Korea, $2.38B

Top Destination Growth (2018 - 2019): United States, $1.94B

Between 2018 and 2019, the exports of Blank Audio Media grew the fastest in South Korea ($2.38B), Mexico ($138M), China ($121M), United States ($35M), and Belgium ($30.9M).

Between 2018 and 2019, the fastest growing importers of Blank Audio Media were United States ($1.94B), Japan ($252M), Mexico ($191M), Qatar ($127M), and Chinese Taipei ($120M).

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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 Blank Audio Media.

In 2019,  market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Blank Audio Media are explained by 18 countries.

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TOP NET EXPORTER (2019): Chinese Taipei, $4.7B

TOP NET IMPORTER (2019): United States, $3.98B

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

In 2019, the countries that had a largest trade value in exports than in imports of Blank Audio Media were Chinese Taipei ($4.7B), South Korea ($4.17B), Malaysia ($3.26B), Singapore ($2.3B), and China ($999M).

In 2019, the countries that had a largest trade value in imports than in exports of Blank Audio Media were United States ($3.98B), Hong Kong ($3.74B), Thailand ($1.98B), Mexico ($1.23B), and Canada ($679M).

Disaggregation

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Value

In 2019, the world most traded Blank Audio Media, disaggragated by their HS6 level were Unrecorded sound recording media except photo/magneti ($40.5B), Unrecorded magnetic tapes, width > 6.5... ($4.01B), and Unrecorded magnetic discs ($140M)

Import Tariffs

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In 2018, the average tariff for importing Blank Audio Media was 6.61%. The countries with the highest tariffs for importing Blank Audio Media were Cameroon (29.4%), Chad (29.4%), Uzbekistan (27.8%), Gabon (26.6%), and Algeria (25.2%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Blank Audio Media to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.