HS Icon Spectrometers, spectrophotometers, etc using light

902730 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Spectrometers, spectrophotometers, etc using light. In 2019, Spectrometers, spectrophotometers, etc using light were the world's 791st most traded product, with a total trade of $3.9B. Between 2018 and 2019 the exports of Spectrometers, spectrophotometers, etc using light decreased by -4.04%, from $4.06B to $3.9B. Trade in Spectrometers, spectrophotometers, etc using light represent 0.022% of total world trade.

Exports: In 2019 the top exporters of Spectrometers, spectrophotometers, etc using light  were United States ($851M), Germany ($739M), United Kingdom ($330M), Singapore ($314M), and Japan ($153M).

Imports: In 2019 the top importers of Spectrometers, spectrophotometers, etc using light were China ($629M), United States ($497M), Germany ($259M), South Korea ($213M), and Singapore ($178M).

Tariffs: In 2018 the average tariff for Spectrometers, spectrophotometers, etc using light was 3.03%, making it the 5699th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Spectrometers, spectrophotometers, etc using light are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Liberia (18.9%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Spectrometers, spectrophotometers, etc using light ranks 206th in the Product Complexity Index (PCI).

Description: A spectrometer is an instrument that is used to measure the intensity of a particular wavelength in light. Spectrophotometers are used to measure the spectral intensity of light.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $851M

Top Destination (2019): China, $629M

Spectrometers, spectrophotometers, etc using light are the world's 791st most traded product.

In 2019, the top exporters of Spectrometers, spectrophotometers, etc using light were United States ($851M), Germany ($739M), United Kingdom ($330M), Singapore ($314M), and Japan ($153M).

In 2019, the top importers of Spectrometers, spectrophotometers, etc using light were China ($629M), United States ($497M), Germany ($259M), South Korea ($213M), and Singapore ($178M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Mexico, $44.2M

Top Destination Growth (2018 - 2019): Italy, $12.1M

Between 2018 and 2019, the exports of Spectrometers, spectrophotometers, etc using light grew the fastest in Mexico ($44.2M), New Zealand ($10.1M), Denmark ($8.3M), Czechia ($7.96M), and Italy ($4.62M).

Between 2018 and 2019, the fastest growing importers of Spectrometers, spectrophotometers, etc using light were Italy ($12.1M), India ($10.9M), France ($10.2M), Denmark ($8.74M), and South Korea ($7.05M).

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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 Spectrometers, spectrophotometers, etc using light.

In 2019,  market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Spectrometers, spectrophotometers, etc using light are explained by 16 countries.

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TOP NET EXPORTER (2019): Germany, $480M

TOP NET IMPORTER (2019): China, $482M

This map shows which countries export or import more of Spectrometers, spectrophotometers, etc using light. Each country is colored based on the difference in exports and imports of Spectrometers, spectrophotometers, etc using light during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Spectrometers, spectrophotometers, etc using light were Germany ($480M), United States ($354M), United Kingdom ($204M), Singapore ($135M), and Malaysia ($115M).

In 2019, the countries that had a largest trade value in imports than in exports of Spectrometers, spectrophotometers, etc using light were China ($482M), South Korea ($180M), India ($144M), Hong Kong ($107M), and Italy ($60.1M).

Import Tariffs

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In 2018, the average tariff for importing Spectrometers, spectrophotometers, etc using light was 3.03%. The countries with the highest tariffs for importing Spectrometers, spectrophotometers, etc using light were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Liberia (18.9%), and Aruba (12%).

Product Complexity

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Diversification Frontier

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Specialization

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.