HS Icon Gas and Liquid Flow Measuring Instruments

9026 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Gas and Liquid Flow Measuring Instruments. In 2019, Gas and Liquid Flow Measuring Instruments were the world's 165th most traded product, with a total trade of $23.3B. Between 2018 and 2019 the exports of Gas and Liquid Flow Measuring Instruments decreased by -0.93%, from $23.5B to $23.3B. Trade in Gas and Liquid Flow Measuring Instruments represent 0.13% of total world trade.

Exports In 2019 the top exporters of Gas and Liquid Flow Measuring Instruments  were Germany ($5.02B), United States ($3.57B), China ($2.06B), United Kingdom ($1.28B), and Mexico ($1.24B).

Imports In 2019 the top importers of Gas and Liquid Flow Measuring Instruments were United States ($3.5B), Germany ($2.13B), China ($2.07B), United Kingdom ($900M), and France ($878M).

Tariffs In 2018 the average tariff for Gas and Liquid Flow Measuring Instruments was 3.46%, making it the 1087th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Gas and Liquid Flow Measuring Instruments are Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Maldives (19.6%), and Pakistan (16.3%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking Gas and Liquid Flow Measuring Instruments ranks 59th in the Product Complexity Index (PCI).

Description Flow meters are used to measure the flow of liquids or gases. They can be made from a variety of materials, including metal, plastic, and glass.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $5.02B

Top Destination (2019): United States, $3.5B

Gas and Liquid Flow Measuring Instruments are the world's 165th most traded product.

In 2019, the top exporters of Gas and Liquid Flow Measuring Instruments were Germany ($5.02B), United States ($3.57B), China ($2.06B), United Kingdom ($1.28B), and Mexico ($1.24B).

In 2019, the top importers of Gas and Liquid Flow Measuring Instruments were United States ($3.5B), Germany ($2.13B), China ($2.07B), United Kingdom ($900M), and France ($878M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Norway, $95.3M

Top Destination Growth (2018 - 2019): Singapore, $67.4M

Between 2018 and 2019, the exports of Gas and Liquid Flow Measuring Instruments grew the fastest in Norway ($95.3M), Netherlands ($53.7M), Singapore ($50.7M), Vietnam ($22.6M), and Malta ($22.4M).

Between 2018 and 2019, the fastest growing importers of Gas and Liquid Flow Measuring Instruments were Singapore ($67.4M), Netherlands ($37.9M), France ($37.5M), Norway ($35.3M), and United Arab Emirates ($27.1M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Gas and Liquid Flow Measuring Instruments.

In 2019,  market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Gas and Liquid Flow Measuring Instruments are explained by 18 countries.

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TOP NET EXPORTER (2019): Germany, $2.89B

TOP NET IMPORTER (2019): South Korea, $538M

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

In 2019, the countries that had a largest trade value in exports than in imports of Gas and Liquid Flow Measuring Instruments were Germany ($2.89B), Switzerland ($776M), Japan ($465M), Mexico ($443M), and United Kingdom ($382M).

In 2019, the countries that had a largest trade value in imports than in exports of Gas and Liquid Flow Measuring Instruments were South Korea ($538M), Canada ($369M), Russia ($323M), India ($238M), and Hong Kong ($237M).

Disaggregation

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Value

In 2019, the world most traded Gas and Liquid Flow Measuring Instruments, disaggragated by their HS6 level were Equipment to measure or check pressure ($9.65B), Equipment to measure or check liquid... ($5.87B), Parts of equipment to measure or... ($4.24B), and Equipment to measure, check gas/liquid properties... ($3.55B)

Import Tariffs

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In 2018, the average tariff for importing Gas and Liquid Flow Measuring Instruments was 3.46%. The countries with the highest tariffs for importing Gas and Liquid Flow Measuring Instruments were Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Maldives (19.6%), and Pakistan (16.3%).

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 Gas and Liquid Flow Measuring Instruments to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.