HS Icon Musical Instrument Parts

9209 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $1.57B, Rnk 795 / 1217

2019
Top Exporter | Top Importer
: $298M | $253M, China | United States

2019
Product Complexity
: 1.2, Rnk 95 / 961

2018 - 2019
Export Growth (CAGR)
: 4.72%, Rnk 170 / 1217

2018
Mean Tariff
: 8.67%, Rnk 497 / 1259

 2019
Share of World Trade
: 0.0087%, Rnk 795 / 1217

Overview:  This page contains the latest trade data of Musical Instrument Parts. In 2019, Musical Instrument Parts were the world's 795th most traded product, with a total trade of $1.57B. Between 2018 and 2019 the exports of Musical Instrument Parts grew by 4.72%, from  $1.5B to $1.57B. Trade in Musical Instrument Parts represent 0.0087% of total world trade.

Exports: In 2019 the top exporters of Musical Instrument Parts  were China ($298M), United States ($257M), Germany ($198M), Chinese Taipei ($101M), and Japan ($94.6M).

Imports: In 2019 the top importers of Musical Instrument Parts were United States ($253M), Germany ($147M), Indonesia ($142M), Japan ($141M), and China ($102M).

Tariffs: In 2018 the average tariff for Musical Instrument Parts was 8.67%, making it the 497th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Musical Instrument Parts are Iran (30%), Ethiopia (29.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Musical Instrument Parts ranks 95th in the Product Complexity Index (PCI).

Description: Parts and accessories for musical instruments are used in the production of other goods. They can be made from a variety of materials, including wood, metal, plastic, rubber, and glass.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $298M

Top Destination (2019): United States, $253M

Musical Instrument Parts are the world's 795th most traded product.

In 2019, the top exporters of Musical Instrument Parts were China ($298M), United States ($257M), Germany ($198M), Chinese Taipei ($101M), and Japan ($94.6M).

In 2019, the top importers of Musical Instrument Parts were United States ($253M), Germany ($147M), Indonesia ($142M), Japan ($141M), and China ($102M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $23.7M

Top Destination Growth (2018 - 2019): Indonesia, $15.5M

Between 2018 and 2019, the exports of Musical Instrument Parts grew the fastest in China ($23.7M), Malaysia ($17.9M), United Kingdom ($14.8M), United States ($5.21M), and South Korea ($4.18M).

Between 2018 and 2019, the fastest growing importers of Musical Instrument Parts were Indonesia ($15.5M), United States ($14.4M), Japan ($9.75M), Germany ($8.48M), and France ($7.25M).

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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 Musical Instrument Parts.

In 2019,  market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Musical Instrument Parts are explained by 17 countries.

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TOP NET EXPORTER (2019): China, $196M

TOP NET IMPORTER (2019): Indonesia, $83.4M

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

In 2019, the countries that had a largest trade value in exports than in imports of Musical Instrument Parts were China ($196M), Chinese Taipei ($88.4M), Germany ($51.1M), South Korea ($21.8M), and Malaysia ($17.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Musical Instrument Parts were Indonesia ($83.4M), Japan ($46.3M), United Kingdom ($25.8M), Spain ($23.9M), and Hong Kong ($22.3M).

Disaggregation

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Value

In 2019, the world most traded Musical Instrument Parts, disaggragated by their HS6 level were Parts and accessories for the musical... ($503M), Parts/accessories for electric amplified instruments ($452M), Strings, musical instrument ($224M), Parts and accessories for string musical... ($209M), and Parts and accessories for pianos ($187M)

Import Tariffs

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In 2018, the average tariff for importing Musical Instrument Parts was 8.67%.  The countries with the highest tariffs for importing Musical Instrument Parts were Iran (30%), Ethiopia (29.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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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.