HS Icon Musical Instrument Parts

9209 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.48B, Rnk 819 / 1225

Top Exporter (2018): $281M, China

Top Importer (2018): $246M, United States

Export Growth (CAGR)(2017 - 2018): 7.31%, Rnk 884 / 1225

Mean Tariff (2018): 8.67%, Rnk 497 / 1259

Share of World Trade (2018): 0.0081%, Rnk 819 / 1225

Overview:  This page contains the latest trade data of Musical Instrument Parts. In 2018, Musical Instrument Parts were the world's 819th most traded product, with a total trade of $1.48B. Between 2017 and 2018 the exports of Musical Instrument Parts grew by 7.31%, from  $1.38B to $1.48B. Trade in Musical Instrument Parts represent 0.0081% of total world trade.

Exports: In 2018 the top exporters of Musical Instrument Parts  were China ($281M), United States ($229M), Germany ($197M), Chinese Taipei ($103M), and Japan ($95.2M).

Imports: In 2018 the top importers of Musical Instrument Parts were United States ($246M), Germany ($138M), Japan ($130M), Indonesia ($126M), and China ($106M).

Tariffs: In 2018 the average tariff for Musical Instrument Parts was 8.67%, been the 497 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%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $281M

Top Destination (2018): United States, $246M

Musical Instrument Parts are the world's 819th most traded product.

In 2018, the top exporters of Musical Instrument Parts were China ($281M), United States ($229M), Germany ($197M), Chinese Taipei ($103M), and Japan ($95.2M).

In 2018, the top importers of Musical Instrument Parts were United States ($246M), Germany ($138M), Japan ($130M), Indonesia ($126M), and China ($106M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $42.8M

Top Destination Growth (2017 - 2018): United States, $48.4M

Between 2017 and 2018, the exports of Musical Instrument Parts grew the fastest in United States ($42.8M), Chinese Taipei ($34.3M), Italy ($13.5M), South Korea ($8.59M), and Denmark ($8.48M).

Between 2017 and 2018, the fastest growing importers of Musical Instrument Parts were United States ($48.4M), Indonesia ($23M), Hong Kong ($11M), Belgium-Luxembourg ($7.89M), and Japan ($7.63M).

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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 2018,  market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Musical Instrument Parts are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $175M

TOP NET IMPORTER (2018): Indonesia, $70.9M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Musical Instrument Parts were China ($175M), Chinese Taipei ($90.1M), Germany ($58.4M), South Korea ($20.1M), and Italy ($15.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Musical Instrument Parts were Indonesia ($70.9M), Japan ($35.1M), United Kingdom ($34.7M), Hong Kong ($29.3M), and Spain ($20.7M).

Trade Forecasts

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This section shows forecasts for total trade for Musical Instrument Parts. 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 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.