HS Icon Parts and accessories for surveying etc instruments

901590 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.02B, Rnk 1310 / 4726

Top Exporter (2018): $363M, United States

Top Importer (2018): $257M, United States

Export Growth (CAGR)(2017 - 2018): 56.8%, Rnk 269 / 4726

Mean Tariff (2018): 3.76%, Rnk 5206 / 6538

Share of World Trade (2018): 0.011%, Rnk 1310 / 4726

Overview:  This page contains the latest trade data of Parts and accessories for surveying etc instruments. In 2018, Parts and accessories for surveying etc instruments were the world's 1310th most traded product, with a total trade of $2.02B. Between 2017 and 2018 the exports of Parts and accessories for surveying etc instruments grew by 56.8%, from  $1.29B to $2.02B. Trade in Parts and accessories for surveying etc instruments represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Parts and accessories for surveying etc instruments  were United States ($363M), China ($190M), Germany ($159M), United Kingdom ($145M), and United Arab Emirates ($114M).

Imports: In 2018 the top importers of Parts and accessories for surveying etc instruments were United States ($257M), United Arab Emirates ($154M), Singapore ($118M), United Kingdom ($109M), and China ($108M).

Tariffs: In 2018 the average tariff for Parts and accessories for surveying etc instruments was 3.76%, been the 5206 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts and accessories for surveying etc instruments are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Ethiopia (17.3%), and Jordan (15.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $363M

Top Destination (2018): United States, $257M

Parts and accessories for surveying etc instruments are the world's 1310th most traded product.

In 2018, the top exporters of Parts and accessories for surveying etc instruments were United States ($363M), China ($190M), Germany ($159M), United Kingdom ($145M), and United Arab Emirates ($114M).

In 2018, the top importers of Parts and accessories for surveying etc instruments were United States ($257M), United Arab Emirates ($154M), Singapore ($118M), United Kingdom ($109M), and China ($108M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Singapore, $96.9M

Top Destination Growth (2017 - 2018): United States, $251M

Between 2017 and 2018, the exports of Parts and accessories for surveying etc instruments grew the fastest in Singapore ($96.9M), United Arab Emirates ($89.1M), China ($73.3M), United States ($62.6M), and Canada ($60.8M).

Between 2017 and 2018, the fastest growing importers of Parts and accessories for surveying etc instruments were United States ($251M), Singapore ($118M), United Arab Emirates ($101M), Saudi Arabia ($61M), and China ($44.9M).

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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 Parts and accessories for surveying etc instruments.

In 2018,  market concentration measured using Shannon Entropy, was 4.59. This means that most of the exports of Parts and accessories for surveying etc instruments are explained by 24 countries.

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TOP NET EXPORTER (2018): United States, $106M

TOP NET IMPORTER (2018): Saudi Arabia, $48.9M

This map shows which countries export or import more of Parts and accessories for surveying etc instruments. Each country is colored based on the difference in exports and imports of Parts and accessories for surveying etc instruments during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts and accessories for surveying etc instruments were United States ($106M), China ($82.9M), Germany ($73M), Canada ($55.5M), and Netherlands ($42.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts and accessories for surveying etc instruments were Saudi Arabia ($48.9M), United Arab Emirates ($40.4M), Russia ($39M), Kuwait ($31.5M), and Indonesia ($26.4M).

Trade Forecasts

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This section shows forecasts for total trade for Parts and accessories for surveying etc instruments. 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 Parts and accessories for surveying etc instruments was 3.76%.  The countries with the highest tariffs for importing Parts and accessories for surveying etc instruments were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Ethiopia (17.3%), and Jordan (15.6%).

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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.