HS Icon Other Musical Instruments

9208 (Harmonized System 1992 for 4-digit)

World Trade (2018): $115M, Rnk 1168 / 1225

Top Exporter (2018): $60.6M, China

Top Importer (2018): $21.6M, United States

Export Growth (CAGR)(2017 - 2018): 22.6%, Rnk 272 / 1225

Mean Tariff (2018): 15.1%, Rnk 198 / 1259

Share of World Trade (2018): 0.00062%, Rnk 1168 / 1225

Overview:  This page contains the latest trade data of Other Musical Instruments. In 2018, Other Musical Instruments were the world's 1168th most traded product, with a total trade of $115M. Between 2017 and 2018 the exports of Other Musical Instruments grew by 22.6%, from  $93.5M to $115M. Trade in Other Musical Instruments represent 0.00062% of total world trade.

Exports: In 2018 the top exporters of Other Musical Instruments  were China ($60.6M), United States ($15.1M), Germany ($4.7M), United Kingdom ($3.75M), and Chinese Taipei ($3.53M).

Imports: In 2018 the top importers of Other Musical Instruments were United States ($21.6M), United Kingdom ($7.45M), Germany ($6.98M), Canada ($6.21M), and Japan ($5.18M).

Tariffs: In 2018 the average tariff for Other Musical Instruments was 15.1%, been the 198 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Musical Instruments are Iran (100%), Sudan (35%), Ethiopia (29.7%), Cameroon (29.4%), and Gabon (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, $60.6M

Top Destination (2018): United States, $21.6M

Other Musical Instruments are the world's 1168th most traded product.

In 2018, the top exporters of Other Musical Instruments were China ($60.6M), United States ($15.1M), Germany ($4.7M), United Kingdom ($3.75M), and Chinese Taipei ($3.53M).

In 2018, the top importers of Other Musical Instruments were United States ($21.6M), United Kingdom ($7.45M), Germany ($6.98M), Canada ($6.21M), and Japan ($5.18M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $10.9M

Top Destination Growth (2017 - 2018): United States, $3.39M

Between 2017 and 2018, the exports of Other Musical Instruments grew the fastest in United States ($10.9M), China ($2.49M), Italy ($1.99M), Chinese Taipei ($1.94M), and Canada ($1.78M).

Between 2017 and 2018, the fastest growing importers of Other Musical Instruments were United States ($3.39M), United Kingdom ($2.56M), Jamaica ($2.47M), India ($2.39M), and Canada ($2.27M).

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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 Musical Instruments.

In 2018,  market concentration measured using Shannon Entropy, was 2.91. This means that most of the exports of Other Musical Instruments are explained by 7 countries.

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TOP NET EXPORTER (2018): China, $59.4M

TOP NET IMPORTER (2018): United States, $6.51M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Musical Instruments were China ($59.4M), Switzerland ($1.38M), Bulgaria ($900k), Italy ($619k), and Chinese Taipei ($559k).

In 2018, the countries that had a largest trade value in imports than in exports of Other Musical Instruments were United States ($6.51M), South Korea ($4.06M), Japan ($3.71M), United Kingdom ($3.69M), and Canada ($2.85M).

Import Tariffs

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In 2018, the average tariff for importing Other Musical Instruments was 15.1%.  The countries with the highest tariffs for importing Other Musical Instruments were Iran (100%), Sudan (35%), Ethiopia (29.7%), Cameroon (29.4%), and Gabon (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.