HS Icon Laboratory Glassware

7017 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.1B, Rnk 891 / 1225

Top Exporter (2018): $252M, Germany

Top Importer (2018): $166M, United States

Export Growth (CAGR)(2017 - 2018): 37.6%, Rnk 116 / 1225

Mean Tariff (2018): 5.85%, Rnk 721 / 1259

Share of World Trade (2018): 0.006%, Rnk 891 / 1225

Overview:  This page contains the latest trade data of Laboratory Glassware. In 2018, Laboratory Glassware were the world's 891st most traded product, with a total trade of $1.1B. Between 2017 and 2018 the exports of Laboratory Glassware grew by 37.6%, from  $801M to $1.1B. Trade in Laboratory Glassware represent 0.006% of total world trade.

Exports: In 2018 the top exporters of Laboratory Glassware  were Germany ($252M), United States ($190M), China ($114M), Japan ($91M), and Mexico ($53.7M).

Imports: In 2018 the top importers of Laboratory Glassware were United States ($166M), Germany ($120M), France ($48.7M), Singapore ($47.5M), and China ($47.4M).

Tariffs: In 2018 the average tariff for Laboratory Glassware was 5.85%, been the 721 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Laboratory Glassware are Bahamas (40.2%), Sudan (35%), Bermuda (25%), Latvia (15%), and Algeria (14.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $252M

Top Destination (2018): United States, $166M

Laboratory Glassware are the world's 891st most traded product.

In 2018, the top exporters of Laboratory Glassware were Germany ($252M), United States ($190M), China ($114M), Japan ($91M), and Mexico ($53.7M).

In 2018, the top importers of Laboratory Glassware were United States ($166M), Germany ($120M), France ($48.7M), Singapore ($47.5M), and China ($47.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $48.1M

Top Destination Growth (2017 - 2018): United States, $125M

Between 2017 and 2018, the exports of Laboratory Glassware grew the fastest in Germany ($48.1M), Japan ($43.3M), Mexico ($40.9M), China ($35.4M), and United States ($35.1M).

Between 2017 and 2018, the fastest growing importers of Laboratory Glassware were United States ($125M), Singapore ($35M), Germany ($23M), Denmark ($20.8M), and Australia ($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 Laboratory Glassware.

In 2018,  market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Laboratory Glassware are explained by 15 countries.

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TOP NET EXPORTER (2018): Germany, $132M

TOP NET IMPORTER (2018): South Korea, $32.5M

This map shows which countries export or import more of Laboratory Glassware. Each country is colored based on the difference in exports and imports of Laboratory Glassware during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Laboratory Glassware were Germany ($132M), China ($66.8M), Japan ($48.8M), Mexico ($39.7M), and Sweden ($30.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Laboratory Glassware were South Korea ($32.5M), Singapore ($31.3M), France ($28.5M), Spain ($19.5M), and Chinese Taipei ($17.5M).

Trade Forecasts

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This section shows forecasts for total trade for Laboratory Glassware. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Laboratory Glassware was 5.85%.  The countries with the highest tariffs for importing Laboratory Glassware were Bahamas (40.2%), Sudan (35%), Bermuda (25%), Latvia (15%), and Algeria (14.6%).

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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.