Overview: This page contains the latest trade data of Instruments. In 2019, Instruments were the world's 8th most traded product, with a total trade of $696B. Between 2018 and 2019 the exports of Instruments decreased by -0.76%, from $701B to $696B. Trade in Instruments represent 3.84% of total world trade.
Exports: In 2019 the top exporters of Instruments were United States ($104B), China ($81.9B), Germany ($80.4B), Japan ($53.3B), and Switzerland ($40.1B).
Imports: In 2019 the top importers of Instruments were United States ($109B), China ($84.2B), Germany ($46.3B), Japan ($31.9B), and Netherlands ($28.8B).
Tariffs: In 2018 the average tariff for Instruments was 6.69%, making it the 15th lowest tariff using the Section product classification.
The countries with the highest import tariffs for Instruments are Bahamas (24.1%), Bermuda (20.7%), Ethiopia (19.8%), Iran (17.6%), and Chad (17.5%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).
Ranking: Instruments ranks 2nd in the Product Complexity Index (PCI).