Gas and Liquid Flow Measuring Instruments9026 (Harmonized System 1992 for 4-digit)
World Trade (2018): $23.4B, Rnk 163 / 1225
Top Exporter (2018): $5.16B, Germany
Top Importer (2018): $3.61B, United States
Product Complexity (2018): 1.4, Rnk 65 / 1018
Export Growth (CAGR)(2017 - 2018): 10.7%, Rnk 738 / 1225
Mean Tariff (2018): 3.46%, Rnk 1087 / 1259
Share of World Trade (2018): 0.13%, Rnk 163 / 1225
Overview: This page contains the latest trade data of Gas and Liquid Flow Measuring Instruments. In 2018, Gas and Liquid Flow Measuring Instruments were the world's 163rd most traded product, with a total trade of $23.4B. Between 2017 and 2018 the exports of Gas and Liquid Flow Measuring Instruments grew by 10.7%, from $21.1B to $23.4B. Trade in Gas and Liquid Flow Measuring Instruments represent 0.13% of total world trade.
Exports: In 2018 the top exporters of Gas and Liquid Flow Measuring Instruments were Germany ($5.16B), United States ($3.6B), China ($2.11B), United Kingdom ($1.29B), and Japan ($1.23B).
Imports: In 2018 the top importers of Gas and Liquid Flow Measuring Instruments were United States ($3.61B), Germany ($2.19B), China ($2.13B), United Kingdom ($887M), and France ($840M).
Tariffs: In 2018 the average tariff for Gas and Liquid Flow Measuring Instruments was 3.46%, been the 1087 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 65th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Germany, $5.16B
Top Destination (2018): United States, $3.61B
Gas and Liquid Flow Measuring Instruments are the world's 163rd most traded product.
In 2018, the top exporters of Gas and Liquid Flow Measuring Instruments were Germany ($5.16B), United States ($3.6B), China ($2.11B), United Kingdom ($1.29B), and Japan ($1.23B).
In 2018, the top importers of Gas and Liquid Flow Measuring Instruments were United States ($3.61B), Germany ($2.19B), China ($2.13B), United Kingdom ($887M), and France ($840M).
Trade by country
Top Origin Growth (2017 - 2018): Germany, $993M
Top Destination Growth (2017 - 2018): United States, $292M
Between 2017 and 2018, the exports of Gas and Liquid Flow Measuring Instruments grew the fastest in Germany ($993M), United States ($379M), United Kingdom ($165M), France ($159M), and China ($96.2M).
Between 2017 and 2018, the fastest growing importers of Gas and Liquid Flow Measuring Instruments were United States ($292M), India ($182M), Hong Kong ($121M), United Kingdom ($102M), and Japan ($98.5M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Gas and Liquid Flow Measuring Instruments.
In 2018, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Gas and Liquid Flow Measuring Instruments are explained by 18 countries.
TOP NET EXPORTER (2018): Germany, $2.96B
TOP NET IMPORTER (2018): South Korea, $526M
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Gas and Liquid Flow Measuring Instruments were Germany ($2.96B), Switzerland ($803M), Japan ($520M), United Kingdom ($408M), and Mexico ($367M).
In 2018, the countries that had a largest trade value in imports than in exports of Gas and Liquid Flow Measuring Instruments were South Korea ($526M), Canada ($310M), Russia ($295M), Saudi Arabia ($289M), and India ($261M).
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%).
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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