Overview: This page contains the latest trade data of Instruments. In 2018, Instruments were the world's 8th most traded product, with a total trade of $682B. Between 2017 and 2018 the exports of Instruments grew by 11.9%, from $609B to $682B. Trade in Instruments represent 3.71% of total world trade.
Top Origin Growth (2017 - 2018): Netherlands, $12.8B
Top Destination Growth (2017 - 2018): United States, $21.3B
Between 2017 and 2018, the exports of Instruments grew the fastest in Netherlands ($12.8B), Germany ($12.1B), United States ($8.81B), Mexico ($5.99B), and China ($4.23B).
This chart shows the evolution of the market concentration of exports of Instruments.
In 2018, market concentration measured using Shannon Entropy, was 4.51. This means that most of the exports of Instruments are explained by 22 countries.
This map shows which countries export or import more of Instruments. Each country is colored based on the difference in exports and imports of Instruments during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Instruments were Germany ($35.3B), Switzerland ($27.5B), Japan ($22.4B), Ireland ($12.1B), and Netherlands ($8.95B).
In 2018, the countries that had a largest trade value in imports than in exports of Instruments were Hong Kong ($24B), India ($7.29B), United States ($6.92B), Spain ($6.8B), and China ($6.39B).
In 2018, the average tariff for importing Instruments was 6.69%. The countries with the highest tariffs for importing Instruments were Bahamas (24.1%), Bermuda (20.7%), Ethiopia (19.8%), Iran (17.6%), and Chad (17.5%).
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.