HS Icon Parts of equipment to measure or check fluid variable

902690 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.36B, Rnk 728 / 4726

Top Exporter (2018): $624M, United States

Top Importer (2018): $709M, United States

Product Complexity (2018): 0.97, Rnk 445 / 2722

Export Growth (CAGR)(2017 - 2018): 6.68%, Rnk 3125 / 4726

Mean Tariff (2018): 2.85%, Rnk 5813 / 6538

Share of World Trade (2018): 0.024%, Rnk 728 / 4726

Overview:  This page contains the latest trade data of Parts of equipment to measure or check fluid variable. In 2018, Parts of equipment to measure or check fluid variable were the world's 728th most traded product, with a total trade of $4.36B. Between 2017 and 2018 the exports of Parts of equipment to measure or check fluid variable grew by 6.68%, from  $4.09B to $4.36B. Trade in Parts of equipment to measure or check fluid variable represent 0.024% of total world trade.

Exports: In 2018 the top exporters of Parts of equipment to measure or check fluid variable  were United States ($624M), Germany ($618M), China ($491M), Japan ($431M), and Switzerland ($309M).

Imports: In 2018 the top importers of Parts of equipment to measure or check fluid variable were United States ($709M), China ($546M), Germany ($339M), Mexico ($260M), and United Kingdom ($153M).

Tariffs: In 2018 the average tariff for Parts of equipment to measure or check fluid variable was 2.85%, been the 5813 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of equipment to measure or check fluid variable are Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Maldives (19.6%), and Venezuela (15.4%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Parts of equipment to measure or check fluid variable ranks 445th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $624M

Top Destination (2018): United States, $709M

Parts of equipment to measure or check fluid variable are the world's 728th most traded product.

In 2018, the top exporters of Parts of equipment to measure or check fluid variable were United States ($624M), Germany ($618M), China ($491M), Japan ($431M), and Switzerland ($309M).

In 2018, the top importers of Parts of equipment to measure or check fluid variable were United States ($709M), China ($546M), Germany ($339M), Mexico ($260M), and United Kingdom ($153M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $66.7M

Top Destination Growth (2017 - 2018): United States, $98.7M

Between 2017 and 2018, the exports of Parts of equipment to measure or check fluid variable grew the fastest in United States ($66.7M), United Kingdom ($52M), Japan ($49.2M), Switzerland ($39.7M), and Italy ($29.1M).

Between 2017 and 2018, the fastest growing importers of Parts of equipment to measure or check fluid variable were United States ($98.7M), Saudi Arabia ($30.1M), Poland ($30M), Hong Kong ($29.2M), and India ($28.9M).

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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 of equipment to measure or check fluid variable.

In 2018,  market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Parts of equipment to measure or check fluid variable are explained by 20 countries.

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TOP NET EXPORTER (2018): Japan, $283M

TOP NET IMPORTER (2018): Mexico, $98.1M

This map shows which countries export or import more of Parts of equipment to measure or check fluid variable. Each country is colored based on the difference in exports and imports of Parts of equipment to measure or check fluid variable during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts of equipment to measure or check fluid variable were Japan ($283M), Germany ($279M), Switzerland ($231M), Italy ($78.1M), and Malaysia ($57.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts of equipment to measure or check fluid variable were Mexico ($98.1M), United States ($85M), Hong Kong ($64.3M), Poland ($61.8M), and Saudi Arabia ($58.5M).

Import Tariffs

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In 2018, the average tariff for importing Parts of equipment to measure or check fluid variable was 2.85%.  The countries with the highest tariffs for importing Parts of equipment to measure or check fluid variable were Bahamas (40.2%), Ethiopia (29.7%), Bermuda (25%), Maldives (19.6%), and Venezuela (15.4%).

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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.