HS Icon Other Measuring Instruments

9031 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Other Measuring Instruments. In 2019, Other Measuring Instruments were the world's 75th most traded product, with a total trade of $47.2B. Between 2018 and 2019 the exports of Other Measuring Instruments decreased by -2.45%, from $48.4B to $47.2B. Trade in Other Measuring Instruments represent 0.26% of total world trade.

Exports: In 2019 the top exporters of Other Measuring Instruments  were Germany ($9.16B), United States ($6.09B), Japan ($4.7B), China ($4.23B), and South Korea ($2.67B).

Imports: In 2019 the top importers of Other Measuring Instruments were China ($7.83B), United States ($5.93B), Germany ($3.3B), Chinese Taipei ($2.34B), and Japan ($2.22B).

Tariffs: In 2018 the average tariff for Other Measuring Instruments was 3.71%, making it the 1050th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Measuring Instruments are Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Maldives (19.6%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Other Measuring Instruments ranks 50th in the Product Complexity Index (PCI).

Description: Measuring or checking instruments, appliances and machines are used to measure or check things. They can be made from a variety of materials, including wood, plastic, metal, and glass.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $9.16B

Top Destination (2019): China, $7.83B

Other Measuring Instruments are the world's 75th most traded product.

In 2019, the top exporters of Other Measuring Instruments were Germany ($9.16B), United States ($6.09B), Japan ($4.7B), China ($4.23B), and South Korea ($2.67B).

In 2019, the top importers of Other Measuring Instruments were China ($7.83B), United States ($5.93B), Germany ($3.3B), Chinese Taipei ($2.34B), and Japan ($2.22B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $225M

Top Destination Growth (2018 - 2019): Chinese Taipei, $603M

Between 2018 and 2019, the exports of Other Measuring Instruments grew the fastest in China ($225M), United Arab Emirates ($129M), Malaysia ($93.2M), Netherlands ($75.4M), and Finland ($67.7M).

Between 2018 and 2019, the fastest growing importers of Other Measuring Instruments were Chinese Taipei ($603M), United States ($143M), Vietnam ($102M), India ($96.1M), and Poland ($84.5M).

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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 Other Measuring Instruments.

In 2019,  market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Other Measuring Instruments are explained by 20 countries.

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TOP NET EXPORTER (2019): Germany, $5.87B

TOP NET IMPORTER (2019): China, $3.59B

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

In 2019, the countries that had a largest trade value in exports than in imports of Other Measuring Instruments were Germany ($5.87B), Japan ($2.48B), Israel ($1.14B), Singapore ($723M), and Switzerland ($603M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Measuring Instruments were China ($3.59B), Chinese Taipei ($1.18B), India ($1.06B), Hong Kong ($984M), and Vietnam ($875M).

Disaggregation

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Value

In 2019, the world most traded Other Measuring Instruments, disaggragated by their HS6 level were Measuring or checking equipment, nes ($23.3B), Optical instruments and appliances, nes ($13.4B), Parts and access for measuring, checking... ($7.91B), Test benches for measuring or checking... ($2.16B), and Machines for balancing mechanical parts, nes ($519M)

Import Tariffs

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In 2018, the average tariff for importing Other Measuring Instruments was 3.71%. The countries with the highest tariffs for importing Other Measuring Instruments were Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Maldives (19.6%), and Cambodia (15%).

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 Other Measuring Instruments to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.