HS Icon Equipment to measure or check pressure

902620 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $9.65B, Rnk 318 / 4648

2019
Top Exporter | Top Importer
: $2.38B | $1.64B, Germany | United States

2019
Product Complexity
: 1, Rnk 768 / 4826

2018 - 2019
Export Growth (CAGR)
: -0.26%, Rnk 1588 / 4648

2018
Mean Tariff
: 4.23%, Rnk 4772 / 6538

 2019
Share of World Trade
: 0.053%, Rnk 318 / 4648

Overview:  This page contains the latest trade data of Equipment to measure or check pressure. In 2019, Equipment to measure or check pressure were the world's 318th most traded product, with a total trade of $9.65B. Between 2018 and 2019 the exports of Equipment to measure or check pressure decreased by -0.26%, from  $9.68B to $9.65B. Trade in Equipment to measure or check pressure represent 0.053% of total world trade.

Exports: In 2019 the top exporters of Equipment to measure or check pressure  were Germany ($2.38B), United States ($1.47B), China ($972M), Mexico ($756M), and United Kingdom ($524M).

Imports: In 2019 the top importers of Equipment to measure or check pressure were United States ($1.64B), Germany ($1.07B), China ($786M), France ($406M), and South Korea ($388M).

Tariffs: In 2018 the average tariff for Equipment to measure or check pressure was 4.23%, making it the 4772nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Equipment to measure or check pressure are Bahamas (40.2%), Ethiopia (29.7%), Iran (25%), Bermuda (25%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Equipment to measure or check pressure ranks 768th in the Product Complexity Index (PCI).

Description: Pressure is a measure of the force applied to an area. Pressure can be measured by determining the force applied to an area, the area over which the force is applied, and the distance between the two. The pressure unit is the pascal in the metric system or the pounds per square inch (psi) in the imperial system. There are many types of equipment for measuring pressure including hydraulic presses, piezometers, manometers, and transducers. Hydraulic presses are often used to measure the pressure at which the fluid will no longer flow. Piezometers are used to measure

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Germany, $2.38B

Top Destination (2019): United States, $1.64B

Equipment to measure or check pressure are the world's 318th most traded product.

In 2019, the top exporters of Equipment to measure or check pressure were Germany ($2.38B), United States ($1.47B), China ($972M), Mexico ($756M), and United Kingdom ($524M).

In 2019, the top importers of Equipment to measure or check pressure were United States ($1.64B), Germany ($1.07B), China ($786M), France ($406M), and South Korea ($388M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Singapore, $22.6M

Top Destination Growth (2018 - 2019): Singapore, $46.6M

Between 2018 and 2019, the exports of Equipment to measure or check pressure grew the fastest in Singapore ($22.6M), Malaysia ($22.3M), Malta ($22.2M), South Korea ($17.1M), and Belgium ($15.6M).

Between 2018 and 2019, the fastest growing importers of Equipment to measure or check pressure were Singapore ($46.6M), France ($30.2M), Indonesia ($18.2M), Iraq ($13.1M), and Denmark ($10.9M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Equipment to measure or check pressure.

In 2019,  market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Equipment to measure or check pressure are explained by 15 countries.

Explore Visualizations

TOP NET EXPORTER (2019): Germany, $1.31B

TOP NET IMPORTER (2019): South Korea, $291M

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

In 2019, the countries that had a largest trade value in exports than in imports of Equipment to measure or check pressure were Germany ($1.31B), Mexico ($416M), Switzerland ($288M), United Kingdom ($202M), and China ($185M).

In 2019, the countries that had a largest trade value in imports than in exports of Equipment to measure or check pressure were South Korea ($291M), Canada ($189M), United States ($171M), Hong Kong ($125M), and Hungary ($118M).

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Equipment to measure or check pressure was 4.23%.  The countries with the highest tariffs for importing Equipment to measure or check pressure were Bahamas (40.2%), Ethiopia (29.7%), Iran (25%), Bermuda (25%), and Maldives (19.6%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.