HS Icon Hydrometers

9025 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $6B, Rnk 451 / 1217

2019
Top Exporter | Top Importer
: $1.22B | $979M, China | United States

2019
Product Complexity
: 1.15, Rnk 112 / 961

2018 - 2019
Export Growth (CAGR)
: 1.51%, Rnk 298 / 1217

2018
Mean Tariff
: 4.41%, Rnk 924 / 1259

 2019
Share of World Trade
: 0.033%, Rnk 451 / 1217

Overview:  This page contains the latest trade data of Hydrometers. In 2019, Hydrometers were the world's 451st most traded product, with a total trade of $6B. Between 2018 and 2019 the exports of Hydrometers grew by 1.51%, from  $5.91B to $6B. Trade in Hydrometers represent 0.033% of total world trade.

Exports: In 2019 the top exporters of Hydrometers  were China ($1.22B), Germany ($859M), United States ($834M), Japan ($256M), and United Kingdom ($253M).

Imports: In 2019 the top importers of Hydrometers were United States ($979M), Germany ($535M), China ($397M), Netherlands ($249M), and Japan ($242M).

Tariffs: In 2018 the average tariff for Hydrometers was 4.41%, making it the 924th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hydrometers are Bahamas (40.2%), Bermuda (25%), Maldives (16%), Venezuela (15.1%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Hydrometers ranks 112th in the Product Complexity Index (PCI).

Description: Hydrometers, areometers and similar floating instruments are used to measure the density of liquids. Thermometers are used to measure temperature. Pyrometers and barometers are used to measure air pressure. Hygrometers and psychrometers are used to measure humidity.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.22B

Top Destination (2019): United States, $979M

Hydrometers are the world's 451st most traded product.

In 2019, the top exporters of Hydrometers were China ($1.22B), Germany ($859M), United States ($834M), Japan ($256M), and United Kingdom ($253M).

In 2019, the top importers of Hydrometers were United States ($979M), Germany ($535M), China ($397M), Netherlands ($249M), and Japan ($242M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Estonia, $32.6M

Top Destination Growth (2018 - 2019): Germany, $41.2M

Between 2018 and 2019, the exports of Hydrometers grew the fastest in Estonia ($32.6M), United States ($26.5M), Bulgaria ($24M), France ($20.3M), and Vietnam ($18.9M).

Between 2018 and 2019, the fastest growing importers of Hydrometers were Germany ($41.2M), United States ($15.9M), China ($13.9M), Netherlands ($13.1M), and United Kingdom ($11.1M).

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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 Hydrometers.

In 2019,  market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Hydrometers are explained by 19 countries.

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TOP NET EXPORTER (2019): China, $827M

TOP NET IMPORTER (2019): United States, $145M

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

In 2019, the countries that had a largest trade value in exports than in imports of Hydrometers were China ($827M), Germany ($324M), Finland ($68.4M), Estonia ($57.8M), and Mexico ($53.6M).

In 2019, the countries that had a largest trade value in imports than in exports of Hydrometers were United States ($145M), Canada ($97.6M), South Korea ($96.1M), Hong Kong ($88.9M), and Spain ($70.1M).

Disaggregation

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Value

In 2019, the world most traded Hydrometers, disaggragated by their HS6 level were Thermometers, except liquid filled ($3.3B), Parts and accessories for thermometers, etc ($1.3B), Hydrometer, pyrometer, hygrometer, alone or combined ($1.25B), and Thermometers, liquid-filled ($143M)

Import Tariffs

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In 2018, the average tariff for importing Hydrometers was 4.41%.  The countries with the highest tariffs for importing Hydrometers were Bahamas (40.2%), Bermuda (25%), Maldives (16%), Venezuela (15.1%), and Cambodia (15%).

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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.