HS Icon Instruments, appliances for medical, etc science, nes

901890 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $59.1B, Rnk 35 / 4648

2019
Top Exporter | Top Importer
: $14.2B | $13.3B, United States | United States

2019
Product Complexity
: 0.47, Rnk 1730 / 4826

2018 - 2019
Export Growth (CAGR)
: 4.85%, Rnk 776 / 4648

2018
Mean Tariff
: 2.78%, Rnk 5842 / 6538

 2019
Share of World Trade
: 0.33%, Rnk 35 / 4648

Overview:  This page contains the latest trade data of Instruments, appliances for medical, etc science, nes. In 2019, Instruments, appliances for medical, etc science, nes were the world's 35th most traded product, with a total trade of $59.1B. Between 2018 and 2019 the exports of Instruments, appliances for medical, etc science, nes grew by 4.85%, from  $56.4B to $59.1B. Trade in Instruments, appliances for medical, etc science, nes represent 0.33% of total world trade.

Exports: In 2019 the top exporters of Instruments, appliances for medical, etc science, nes  were United States ($14.2B), Germany ($7.03B), Mexico ($5.86B), Netherlands ($4.07B), and China ($2.7B).

Imports: In 2019 the top importers of Instruments, appliances for medical, etc science, nes were United States ($13.3B), Germany ($4.33B), Netherlands ($3.89B), Belgium ($3.1B), and China ($2.95B).

Tariffs: In 2018 the average tariff for Instruments, appliances for medical, etc science, nes was 2.78%, making it the 5842nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Instruments, appliances for medical, etc science, nes are Rwanda (23.5%), Bermuda (12.5%), Aruba (12%), Jamaica (10%), and Venezuela (9.83%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Tanzania (0%).

Ranking: Instruments, appliances for medical, etc science, nes ranks 1730th in the Product Complexity Index (PCI).

Description: Scientific instruments/appliances are used in many situations. They are used for measuring temperature, weight, length, pressure, time, and many other things. They can also be used for scientific experiments, surgery, and other medical procedures.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $14.2B

Top Destination (2019): United States, $13.3B

Instruments, appliances for medical, etc science, nes are the world's 35th most traded product.

In 2019, the top exporters of Instruments, appliances for medical, etc science, nes were United States ($14.2B), Germany ($7.03B), Mexico ($5.86B), Netherlands ($4.07B), and China ($2.7B).

In 2019, the top importers of Instruments, appliances for medical, etc science, nes were United States ($13.3B), Germany ($4.33B), Netherlands ($3.89B), Belgium ($3.1B), and China ($2.95B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $1.09B

Top Destination Growth (2018 - 2019): United States, $1.12B

Between 2018 and 2019, the exports of Instruments, appliances for medical, etc science, nes grew the fastest in United States ($1.09B), Netherlands ($516M), China ($306M), Mexico ($217M), and Costa Rica ($148M).

Between 2018 and 2019, the fastest growing importers of Instruments, appliances for medical, etc science, nes were United States ($1.12B), China ($338M), Netherlands ($310M), Mexico ($235M), and Russia ($118M).

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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, appliances for medical, etc science, nes.

In 2019,  market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Instruments, appliances for medical, etc science, nes are explained by 19 countries.

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TOP NET EXPORTER (2019): Mexico, $3.97B

TOP NET IMPORTER (2019): Australia, $1.05B

This map shows which countries export or import more of Instruments, appliances for medical, etc science, nes. Each country is colored based on the difference in exports and imports of Instruments, appliances for medical, etc science, nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Instruments, appliances for medical, etc science, nes were Mexico ($3.97B), Germany ($2.7B), Ireland ($1.61B), Costa Rica ($946M), and United States ($858M).

In 2019, the countries that had a largest trade value in imports than in exports of Instruments, appliances for medical, etc science, nes were Australia ($1.05B), Canada ($1.02B), Spain ($937M), Japan ($880M), and United Kingdom ($808M).

Import Tariffs

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In 2018, the average tariff for importing Instruments, appliances for medical, etc science, nes was 2.78%.  The countries with the highest tariffs for importing Instruments, appliances for medical, etc science, nes were Rwanda (23.5%), Bermuda (12.5%), Aruba (12%), Jamaica (10%), and Venezuela (9.83%).

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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.