HS Icon Medical Furniture

9402 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.91B, Rnk 571 / 1225

Top Exporter (2018): $847M, China

Top Importer (2018): $893M, United States

Product Complexity (2018): 0.76, Rnk 265 / 1018

Export Growth (CAGR)(2017 - 2018): 18.1%, Rnk 386 / 1225

Mean Tariff (2018): 8.49%, Rnk 507 / 1259

Share of World Trade (2018): 0.021%, Rnk 571 / 1225

Overview:  This page contains the latest trade data of Medical Furniture. In 2018, Medical Furniture were the world's 571st most traded product, with a total trade of $3.91B. Between 2017 and 2018 the exports of Medical Furniture grew by 18.1%, from  $3.31B to $3.91B. Trade in Medical Furniture represent 0.021% of total world trade.

Exports: In 2018 the top exporters of Medical Furniture  were China ($847M), Germany ($615M), United States ($410M), Poland ($229M), and Mexico ($207M).

Imports: In 2018 the top importers of Medical Furniture were United States ($893M), Germany ($282M), United Kingdom ($193M), France ($167M), and Netherlands ($166M).

Tariffs: In 2018 the average tariff for Medical Furniture was 8.49%, been the 507 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Medical Furniture are Iran (45%), Bahamas (31.8%), Algeria (27.2%), Ethiopia (23.1%), and Sudan (19.7%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Zambia (0%), and China (0%).

Ranking: Medical Furniture ranks 265th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $847M

Top Destination (2018): United States, $893M

Medical Furniture are the world's 571st most traded product.

In 2018, the top exporters of Medical Furniture were China ($847M), Germany ($615M), United States ($410M), Poland ($229M), and Mexico ($207M).

In 2018, the top importers of Medical Furniture were United States ($893M), Germany ($282M), United Kingdom ($193M), France ($167M), and Netherlands ($166M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $160M

Top Destination Growth (2017 - 2018): United States, $114M

Between 2017 and 2018, the exports of Medical Furniture grew the fastest in China ($160M), United States ($118M), Poland ($71.8M), Germany ($59M), and Netherlands ($42.7M).

Between 2017 and 2018, the fastest growing importers of Medical Furniture were United States ($114M), Australia ($98.4M), Germany ($53.3M), Netherlands ($42.4M), and United Kingdom ($36M).

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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 Medical Furniture.

In 2018,  market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Medical Furniture are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $736M

TOP NET IMPORTER (2018): United States, $483M

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

In 2018, the countries that had a largest trade value in exports than in imports of Medical Furniture were China ($736M), Germany ($333M), Poland ($168M), Czechia ($149M), and Mexico ($145M).

In 2018, the countries that had a largest trade value in imports than in exports of Medical Furniture were United States ($483M), Australia ($94.5M), United Kingdom ($93.8M), Saudi Arabia ($75.1M), and Russia ($64.4M).

Trade Forecasts

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This section shows forecasts for total trade for Medical Furniture. 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 Medical Furniture was 8.49%.  The countries with the highest tariffs for importing Medical Furniture were Iran (45%), Bahamas (31.8%), Algeria (27.2%), Ethiopia (23.1%), and Sudan (19.7%).

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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.