HS Icon Parts and accessories for surveying etc instruments

901590 (Harmonized System 1992 for 6-digit)

World Trade (2019): $2.35B, Rnk 1171 / 4648

Top Exporter (2019): $464M, United States

Top Importer (2019): $324M, United States

Product Complexity (2019): -0.62, Rnk 3547 / 4826

Export Growth (CAGR)(2018 - 2019): 11.6%, Rnk 368 / 4648

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

Share of World Trade (2019): 0.013%, Rnk 1171 / 4648

Overview:  This page contains the latest trade data of Parts and accessories for surveying etc instruments. In 2019, Parts and accessories for surveying etc instruments were the world's 1171st most traded product, with a total trade of $2.35B. Between 2018 and 2019 the exports of Parts and accessories for surveying etc instruments grew by 11.6%, from  $2.1B to $2.35B. Trade in Parts and accessories for surveying etc instruments represent 0.013% of total world trade.

Exports: In 2019 the top exporters of Parts and accessories for surveying etc instruments  were United States ($464M), China ($270M), United Kingdom ($222M), Germany ($195M), and United Arab Emirates ($126M).

Imports: In 2019 the top importers of Parts and accessories for surveying etc instruments were United States ($324M), United Arab Emirates ($211M), Hong Kong ($126M), United Kingdom ($120M), and Saudi Arabia ($109M).

Tariffs: In 2018 the average tariff for Parts and accessories for surveying etc instruments was 3.76%, making it the 5206th 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%).

Ranking: Parts and accessories for surveying etc instruments ranks 3547th in the Product Complexity Index (PCI).

Description: The following are parts and accessories for surveying: tripod, surveyor's compass, surveyor's telescoping staff and electronic distance measuring device.

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $464M

Top Destination (2019): United States, $324M

Parts and accessories for surveying etc instruments are the world's 1171st most traded product.

In 2019, the top exporters of Parts and accessories for surveying etc instruments were United States ($464M), China ($270M), United Kingdom ($222M), Germany ($195M), and United Arab Emirates ($126M).

In 2019, the top importers of Parts and accessories for surveying etc instruments were United States ($324M), United Arab Emirates ($211M), Hong Kong ($126M), United Kingdom ($120M), and Saudi Arabia ($109M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $80.1M

Top Destination Growth (2018 - 2019): Hong Kong, $89.9M

Between 2018 and 2019, the exports of Parts and accessories for surveying etc instruments grew the fastest in China ($80.1M), United Kingdom ($76.1M), Germany ($35.9M), United States ($34.7M), and Norway ($22.2M).

Between 2018 and 2019, the fastest growing importers of Parts and accessories for surveying etc instruments were Hong Kong ($89.9M), United States ($65.3M), United Arab Emirates ($57.4M), Japan ($40.9M), and South Korea ($21.9M).

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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 2019,  market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Parts and accessories for surveying etc instruments are explained by 21 countries.

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TOP NET EXPORTER (2019): China, $183M

TOP NET IMPORTER (2019): Hong Kong, $101M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Parts and accessories for surveying etc instruments were China ($183M), United States ($139M), United Kingdom ($102M), Germany ($101M), and Norway ($43.9M).

In 2019, the countries that had a largest trade value in imports than in exports of Parts and accessories for surveying etc instruments were Hong Kong ($101M), Saudi Arabia ($98.5M), United Arab Emirates ($84.8M), Russia ($48.9M), and South Korea ($34.5M).

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.