HS Icon Opto-Electric Instrument Parts

9033 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Opto-Electric Instrument Parts. In 2019, Opto-Electric Instrument Parts were the world's 644th most traded product, with a total trade of $2.85B. Between 2018 and 2019 the exports of Opto-Electric Instrument Parts decreased by -2.46%, from $2.92B to $2.85B. Trade in Opto-Electric Instrument Parts represent 0.016% of total world trade.

Exports: In 2019 the top exporters of Opto-Electric Instrument Parts  were United States ($379M), Germany ($337M), China ($285M), United Kingdom ($154M), and Netherlands ($124M).

Imports: In 2019 the top importers of Opto-Electric Instrument Parts were Germany ($307M), United States ($298M), China ($182M), Japan ($121M), and Hong Kong ($115M).

Tariffs: In 2018 the average tariff for Opto-Electric Instrument Parts was 4.01%, making it the 990th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Opto-Electric Instrument Parts are Ethiopia (29.7%), Bermuda (25%), Bahamas (20.1%), Republic of the Congo (19.6%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Opto-Electric Instrument Parts ranks 237th 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, $379M

Top Destination (2019): Germany, $307M

Opto-Electric Instrument Parts are the world's 644th most traded product.

In 2019, the top exporters of Opto-Electric Instrument Parts were United States ($379M), Germany ($337M), China ($285M), United Kingdom ($154M), and Netherlands ($124M).

In 2019, the top importers of Opto-Electric Instrument Parts were Germany ($307M), United States ($298M), China ($182M), Japan ($121M), and Hong Kong ($115M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Australia, $67.1M

Top Destination Growth (2018 - 2019): Thailand, $18.8M

Between 2018 and 2019, the exports of Opto-Electric Instrument Parts grew the fastest in Australia ($67.1M), Czechia ($16.9M), Romania ($16M), China ($11.3M), and Singapore ($11M).

Between 2018 and 2019, the fastest growing importers of Opto-Electric Instrument Parts were Thailand ($18.8M), Germany ($11.9M), South Korea ($8.85M), Myanmar ($8.83M), and Israel ($7.19M).

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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 Opto-Electric Instrument Parts.

In 2019,  market concentration measured using Shannon Entropy, was 4.76. This means that most of the exports of Opto-Electric Instrument Parts are explained by 27 countries.

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TOP NET EXPORTER (2019): China, $103M

TOP NET IMPORTER (2019): Hong Kong, $91.8M

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

In 2019, the countries that had a largest trade value in exports than in imports of Opto-Electric Instrument Parts were China ($103M), United States ($80.9M), Netherlands ($63.2M), Australia ($61.5M), and Romania ($59.2M).

In 2019, the countries that had a largest trade value in imports than in exports of Opto-Electric Instrument Parts were Hong Kong ($91.8M), Kuwait ($45.4M), Iraq ($37.7M), Pakistan ($32.8M), and France ($24.5M).

Disaggregation

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Value

In 2019, the world most traded Opto-Electric Instrument Parts, disaggragated by their HS6 level were Parts/accessories nes for optical/electric instrument ($2.85B)

Import Tariffs

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In 2018, the average tariff for importing Opto-Electric Instrument Parts was 4.01%. The countries with the highest tariffs for importing Opto-Electric Instrument Parts were Ethiopia (29.7%), Bermuda (25%), Bahamas (20.1%), Republic of the Congo (19.6%), and Maldives (19.6%).

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 Opto-Electric Instrument Parts to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.