HS Icon Chemical Analysis Instruments

9027 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $46.6B, Rnk 80 / 1217

2019
Top Exporter | Top Importer
: $9.49B | $6.63B, United States | United States

2019
Product Complexity
: 1.63, Rnk 28 / 961

2018 - 2019
Export Growth (CAGR)
: 0.41%, Rnk 364 / 1217

2018
Mean Tariff
: 3.51%, Rnk 1078 / 1259

 2019
Share of World Trade
: 0.26%, Rnk 80 / 1217

Overview:  This page contains the latest trade data of Chemical Analysis Instruments. In 2019, Chemical Analysis Instruments were the world's 80th most traded product, with a total trade of $46.6B. Between 2018 and 2019 the exports of Chemical Analysis Instruments grew by 0.41%, from  $46.4B to $46.6B. Trade in Chemical Analysis Instruments represent 0.26% of total world trade.

Exports: In 2019 the top exporters of Chemical Analysis Instruments  were United States ($9.49B), Germany ($8.66B), Japan ($4.53B), Singapore ($3.86B), and China ($2.63B).

Imports: In 2019 the top importers of Chemical Analysis Instruments were United States ($6.63B), China ($6.51B), Germany ($4.15B), South Korea ($1.92B), and Netherlands ($1.67B).

Tariffs: In 2018 the average tariff for Chemical Analysis Instruments was 3.51%, making it the 1078th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Chemical Analysis Instruments are Bahamas (34.4%), Bermuda (25%), Liberia (18.9%), Maldives (15.2%), and Iran (14.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Chemical Analysis Instruments ranks 28th in the Product Complexity Index (PCI).

Description: Instruments and apparatus for physical or chemical analysis are used to determine the properties of materials. They can be used to measure things like viscosity, porosity, expansion, surface tension, or other properties. Instruments and apparatus for measuring quantities of heat, sound or light are also included in this category.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $9.49B

Top Destination (2019): United States, $6.63B

Chemical Analysis Instruments are the world's 80th most traded product.

In 2019, the top exporters of Chemical Analysis Instruments were United States ($9.49B), Germany ($8.66B), Japan ($4.53B), Singapore ($3.86B), and China ($2.63B).

In 2019, the top importers of Chemical Analysis Instruments were United States ($6.63B), China ($6.51B), Germany ($4.15B), South Korea ($1.92B), and Netherlands ($1.67B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Singapore, $236M

Top Destination Growth (2018 - 2019): Russia, $95.2M

Between 2018 and 2019, the exports of Chemical Analysis Instruments grew the fastest in Singapore ($236M), Sweden ($148M), Czechia ($130M), United States ($100M), and Romania ($87.8M).

Between 2018 and 2019, the fastest growing importers of Chemical Analysis Instruments were Russia ($95.2M), Chinese Taipei ($93.7M), India ($77.9M), Poland ($69.8M), and Japan ($65.1M).

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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 Chemical Analysis Instruments.

In 2019,  market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Chemical Analysis Instruments are explained by 16 countries.

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TOP NET EXPORTER (2019): Germany, $4.51B

TOP NET IMPORTER (2019): China, $3.87B

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

In 2019, the countries that had a largest trade value in exports than in imports of Chemical Analysis Instruments were Germany ($4.51B), Japan ($2.89B), United States ($2.87B), Singapore ($2.32B), and Switzerland ($1.03B).

In 2019, the countries that had a largest trade value in imports than in exports of Chemical Analysis Instruments were China ($3.87B), India ($1.28B), South Korea ($1.12B), Hong Kong ($1.05B), and Spain ($587M).

Disaggregation

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Value

In 2019, the world most traded Chemical Analysis Instruments, disaggragated by their HS6 level were Instruments and apparatus for physical or... ($12.7B), Microtomes, parts of scientific analysis equipment ($12.2B), Instruments nes using optical radiations ($8.98B), Gas/smoke analysis apparatus ($6.55B), and Spectrometers, spectrophotometers, etc using light ($3.9B)

Import Tariffs

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In 2018, the average tariff for importing Chemical Analysis Instruments was 3.51%.  The countries with the highest tariffs for importing Chemical Analysis Instruments were Bahamas (34.4%), Bermuda (25%), Liberia (18.9%), Maldives (15.2%), and Iran (14.2%).

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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.