HS Icon Instruments, apparatus and models, for demonstration

902300 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Instruments, apparatus and models, for demonstration. In 2019, Instruments, apparatus and models, for demonstration were the world's 910th most traded product, with a total trade of $3.28B. Between 2018 and 2019 the exports of Instruments, apparatus and models, for demonstration grew by 2.4%, from $3.2B to $3.28B. Trade in Instruments, apparatus and models, for demonstration represent 0.018% of total world trade.

Exports: In 2019 the top exporters of Instruments, apparatus and models, for demonstration  were China ($681M), United States ($597M), Germany ($341M), United Kingdom ($164M), and Norway ($107M).

Imports: In 2019 the top importers of Instruments, apparatus and models, for demonstration were United States ($540M), China ($191M), Germany ($190M), Japan ($171M), and Canada ($129M).

Tariffs: In 2018 the average tariff for Instruments, apparatus and models, for demonstration was 3.68%, making it the 5273rd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Instruments, apparatus and models, for demonstration are Bahamas (40.2%), Bermuda (25%), Slovakia (21.6%), Czechia (21.6%), and Cuba (19.7%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Instruments, apparatus and models, for demonstration ranks 1257th in the Product Complexity Index (PCI).

Description: Instruments, apparatus and models are used in a variety of contexts, from the classroom to the science lab. Instruments are used to measure or detect something, like a thermometer, while apparatus are designed for a particular purpose, like an oven. Models are used to simulate real-life objects or to illustrate a particular concept.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $681M

Top Destination (2019): United States, $540M

Instruments, apparatus and models, for demonstration are the world's 910th most traded product.

In 2019, the top exporters of Instruments, apparatus and models, for demonstration were China ($681M), United States ($597M), Germany ($341M), United Kingdom ($164M), and Norway ($107M).

In 2019, the top importers of Instruments, apparatus and models, for demonstration were United States ($540M), China ($191M), Germany ($190M), Japan ($171M), and Canada ($129M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Arab Emirates, $61.4M

Top Destination Growth (2018 - 2019): United States, $36.2M

Between 2018 and 2019, the exports of Instruments, apparatus and models, for demonstration grew the fastest in United Arab Emirates ($61.4M), Norway ($27.1M), United Kingdom ($16.7M), Malaysia ($13.1M), and Hungary ($12.4M).

Between 2018 and 2019, the fastest growing importers of Instruments, apparatus and models, for demonstration were United States ($36.2M), Russia ($28.4M), Canada ($25.5M), South Korea ($15.7M), and Thailand ($13.8M).

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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 Instruments, apparatus and models, for demonstration.

In 2019,  market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Instruments, apparatus and models, for demonstration are explained by 20 countries.

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TOP NET EXPORTER (2019): China, $489M

TOP NET IMPORTER (2019): Hong Kong, $105M

This map shows which countries export or import more of Instruments, apparatus and models, for demonstration. Each country is colored based on the difference in exports and imports of Instruments, apparatus and models, for demonstration during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Instruments, apparatus and models, for demonstration were China ($489M), Germany ($152M), Norway ($79.6M), United Kingdom ($57.7M), and United States ($56.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Instruments, apparatus and models, for demonstration were Hong Kong ($105M), Japan ($92.8M), Saudi Arabia ($58.5M), Russia ($50.9M), and South Korea ($49.8M).

Import Tariffs

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In 2018, the average tariff for importing Instruments, apparatus and models, for demonstration was 3.68%. The countries with the highest tariffs for importing Instruments, apparatus and models, for demonstration were Bahamas (40.2%), Bermuda (25%), Slovakia (21.6%), Czechia (21.6%), and Cuba (19.7%).

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.