HS Icon Rangefinders

901510 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.07B, Rnk 1933 / 4726

Top Exporter (2018): $198M, China

Top Importer (2018): $262M, United States

Export Growth (CAGR)(2017 - 2018): 36.4%, Rnk 580 / 4726

Mean Tariff (2018): 3.85%, Rnk 5124 / 6538

Share of World Trade (2018): 0.0058%, Rnk 1933 / 4726

Overview:  This page contains the latest trade data of Rangefinders. In 2018, Rangefinders were the world's 1933rd most traded product, with a total trade of $1.07B. Between 2017 and 2018 the exports of Rangefinders grew by 36.4%, from  $787M to $1.07B. Trade in Rangefinders represent 0.0058% of total world trade.

Exports: In 2018 the top exporters of Rangefinders  were China ($198M), Germany ($142M), United States ($134M), Austria ($67M), and Malaysia ($60.3M).

Imports: In 2018 the top importers of Rangefinders were United States ($262M), Germany ($99.7M), China ($88.3M), Canada ($50.6M), and Netherlands ($47.3M).

Tariffs: In 2018 the average tariff for Rangefinders was 3.85%, been the 5124 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Rangefinders are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Ethiopia (17.3%), and Cambodia (15%). 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): China, $198M

Top Destination (2018): United States, $262M

Rangefinders are the world's 1933rd most traded product.

In 2018, the top exporters of Rangefinders were China ($198M), Germany ($142M), United States ($134M), Austria ($67M), and Malaysia ($60.3M).

In 2018, the top importers of Rangefinders were United States ($262M), Germany ($99.7M), China ($88.3M), Canada ($50.6M), and Netherlands ($47.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $92.4M

Top Destination Growth (2017 - 2018): United States, $103M

Between 2017 and 2018, the exports of Rangefinders grew the fastest in China ($92.4M), United States ($40.7M), Austria ($34.8M), Hong Kong ($33.8M), and Philippines ($19.3M).

Between 2017 and 2018, the fastest growing importers of Rangefinders were United States ($103M), China ($57.7M), Germany ($31.7M), Canada ($19.9M), and Netherlands ($19.1M).

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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 Rangefinders.

In 2018,  market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Rangefinders are explained by 18 countries.

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TOP NET EXPORTER (2018): China, $110M

TOP NET IMPORTER (2018): United States, $129M

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

In 2018, the countries that had a largest trade value in exports than in imports of Rangefinders were China ($110M), Malaysia ($57M), Austria ($53.3M), Germany ($41.9M), and Hungary ($40.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Rangefinders were United States ($129M), Canada ($28.6M), Saudi Arabia ($27.9M), Netherlands ($24.4M), and Japan ($20.4M).

Trade Forecasts

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This section shows forecasts for total trade for Rangefinders. 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 Rangefinders was 3.85%.  The countries with the highest tariffs for importing Rangefinders were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Ethiopia (17.3%), and Cambodia (15%).

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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.