Drafting Tools9017 (Harmonized System 1992 for 4-digit)
World Trade (2019): $2.35B, Rnk 690 / 1217
Top Exporter (2019): $850M, China
Top Importer (2019): $321M, United States
Product Complexity (2019): 1.21, Rnk 93 / 961
Export Growth (CAGR)(2018 - 2019): -4.84%, Rnk 734 / 1217
Mean Tariff (2018): 5.06%, Rnk 816 / 1259
Share of World Trade (2019): 0.013%, Rnk 690 / 1217
Overview: This page contains the latest trade data of Drafting Tools. In 2019, Drafting Tools were the world's 690th most traded product, with a total trade of $2.35B. Between 2018 and 2019 the exports of Drafting Tools decreased by -4.84%, from $2.47B to $2.35B. Trade in Drafting Tools represent 0.013% of total world trade.
Exports: In 2019 the top exporters of Drafting Tools were China ($850M), United States ($250M), Japan ($243M), Germany ($233M), and United Kingdom ($75.9M).
Imports: In 2019 the top importers of Drafting Tools were United States ($321M), Germany ($192M), France ($92.8M), China ($92M), and Netherlands ($89.6M).
Tariffs: In 2018 the average tariff for Drafting Tools was 5.06%, making it the 816th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Drafting Tools are Bahamas (34.9%), Ethiopia (29.7%), Bermuda (25%), Algeria (24.3%), and Maldives (17.4%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).
Ranking: Drafting Tools ranks 93rd in the Product Complexity Index (PCI).
Description: Drawing, marking-out or mathematical calculating instruments are used to make technical drawings. They can be made from a variety of materials, including plastic and metal.
Trade By Country
Top Origin (2019): China, $850M
Top Destination (2019): United States, $321M
Drafting Tools are the world's 690th most traded product.
In 2019, the top exporters of Drafting Tools were China ($850M), United States ($250M), Japan ($243M), Germany ($233M), and United Kingdom ($75.9M).
In 2019, the top importers of Drafting Tools were United States ($321M), Germany ($192M), France ($92.8M), China ($92M), and Netherlands ($89.6M).
Trade by country
Top Origin Growth (2018 - 2019): Guyana, $6.21M
Top Destination Growth (2018 - 2019): Trinidad and Tobago, $6.23M
Between 2018 and 2019, the exports of Drafting Tools grew the fastest in Guyana ($6.21M), Poland ($5.89M), Vietnam ($2.98M), Singapore ($2.6M), and Trinidad and Tobago ($2.53M).
Between 2018 and 2019, the fastest growing importers of Drafting Tools were Trinidad and Tobago ($6.23M), Chinese Taipei ($4.34M), United Arab Emirates ($3.51M), Nigeria ($3.42M), and Suriname ($3.37M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Drafting Tools.
In 2019, market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Drafting Tools are explained by 12 countries.
TOP NET EXPORTER (2019): China, $758M
TOP NET IMPORTER (2019): United States, $71.3M
This map shows which countries export or import more of Drafting Tools. Each country is colored based on the difference in exports and imports of Drafting Tools during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Drafting Tools were China ($758M), Japan ($157M), Thailand ($41.6M), Germany ($41.3M), and Chinese Taipei ($15M).
In 2019, the countries that had a largest trade value in imports than in exports of Drafting Tools were United States ($71.3M), Canada ($61.6M), France ($52.1M), Mexico ($46.6M), and Russia ($40.8M).
In 2019, the world most traded Drafting Tools, disaggragated by their HS6 level were Instruments for measuring length, hand use,... ($1.03B), Micrometers, callipers and gauges ($718M), Drawing, marking-out, instruments nes, slide rules ($440M), Parts and accessories for drawing, etc... ($114M), and Drafting tables and machines ($48.3M)
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.
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