HS Icon Laboratory Reagents

3822 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Laboratory Reagents. In 2019, Laboratory Reagents were the world's 131st most traded product, with a total trade of $28.3B. Between 2018 and 2019 the exports of Laboratory Reagents grew by 1.83%, from $27.8B to $28.3B. Trade in Laboratory Reagents represent 0.16% of total world trade.

Exports: In 2019 the top exporters of Laboratory Reagents  were United States ($7.97B), Germany ($4.33B), United Kingdom ($2.09B), Netherlands ($2.05B), and Singapore ($1.34B).

Imports: In 2019 the top importers of Laboratory Reagents were United States ($3.76B), Germany ($3.07B), China ($2.34B), Netherlands ($1.71B), and France ($1.37B).

Tariffs: In 2018 the average tariff for Laboratory Reagents was 3.43%, making it the 1092nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Laboratory Reagents are Bermuda (25%), Pakistan (19.5%), Azerbaijan (14.4%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).

Ranking: Laboratory Reagents ranks 173rd in the Product Complexity Index (PCI).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $7.97B

Top Destination (2019): United States, $3.76B

Laboratory Reagents are the world's 131st most traded product.

In 2019, the top exporters of Laboratory Reagents were United States ($7.97B), Germany ($4.33B), United Kingdom ($2.09B), Netherlands ($2.05B), and Singapore ($1.34B).

In 2019, the top importers of Laboratory Reagents were United States ($3.76B), Germany ($3.07B), China ($2.34B), Netherlands ($1.71B), and France ($1.37B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $338M

Top Destination Growth (2018 - 2019): United States, $264M

Between 2018 and 2019, the exports of Laboratory Reagents grew the fastest in United States ($338M), Poland ($143M), Netherlands ($139M), Singapore ($134M), and Japan ($127M).

Between 2018 and 2019, the fastest growing importers of Laboratory Reagents were United States ($264M), China ($165M), Netherlands ($131M), United Kingdom ($99M), and Ireland ($34M).

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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 Reagents.

In 2019,  market concentration measured using Shannon Entropy, was 3.9. This means that most of the exports of Laboratory Reagents are explained by 14 countries.

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TOP NET EXPORTER (2019): United States, $4.21B

TOP NET IMPORTER (2019): China, $1.8B

This map shows which countries export or import more of Laboratory Reagents. Each country is colored based on the difference in exports and imports of Laboratory Reagents during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Laboratory Reagents were United States ($4.21B), Germany ($1.25B), United Kingdom ($841M), Singapore ($794M), and Sweden ($572M).

In 2019, the countries that had a largest trade value in imports than in exports of Laboratory Reagents were China ($1.8B), Italy ($603M), India ($349M), Saudi Arabia ($342M), and Brazil ($331M).

Disaggregation

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Value

In 2019, the world most traded Laboratory Reagents, disaggragated by their HS6 level were Composite diagnostic or laboratory reagents, including... ($28.3B)

Import Tariffs

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In 2018, the average tariff for importing Laboratory Reagents was 3.43%. The countries with the highest tariffs for importing Laboratory Reagents were Bermuda (25%), Pakistan (19.5%), Azerbaijan (14.4%), Algeria (12.2%), and Aruba (12%).

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.

Country by Relatedness

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The following visualization shows the relatedness of Laboratory Reagents to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.