HS Icon Spectrometers, spectrophotometers, etc using light

902730 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.06B, Rnk 777 / 4726

Top Exporter (2018): $897M, United States

Top Importer (2018): $688M, China

Product Complexity (2018): 1.49, Rnk 96 / 2722

Export Growth (CAGR)(2017 - 2018): 11.7%, Rnk 2419 / 4726

Mean Tariff (2018): 3.03%, Rnk 5699 / 6538

Share of World Trade (2018): 0.022%, Rnk 777 / 4726

Overview:  This page contains the latest trade data of Spectrometers, spectrophotometers, etc using light. In 2018, Spectrometers, spectrophotometers, etc using light were the world's 777th most traded product, with a total trade of $4.06B. Between 2017 and 2018 the exports of Spectrometers, spectrophotometers, etc using light grew by 11.7%, from  $3.64B to $4.06B. Trade in Spectrometers, spectrophotometers, etc using light represent 0.022% of total world trade.

Exports: In 2018 the top exporters of Spectrometers, spectrophotometers, etc using light  were United States ($897M), Germany ($777M), Singapore ($334M), United Kingdom ($333M), and Japan ($165M).

Imports: In 2018 the top importers of Spectrometers, spectrophotometers, etc using light were China ($688M), United States ($511M), Germany ($278M), Singapore ($216M), and South Korea ($206M).

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 96th 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.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): United States, $897M

Top Destination (2018): China, $688M

Spectrometers, spectrophotometers, etc using light are the world's 777th most traded product.

In 2018, the top exporters of Spectrometers, spectrophotometers, etc using light were United States ($897M), Germany ($777M), Singapore ($334M), United Kingdom ($333M), and Japan ($165M).

In 2018, the top importers of Spectrometers, spectrophotometers, etc using light were China ($688M), United States ($511M), Germany ($278M), Singapore ($216M), and South Korea ($206M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $106M

Top Destination Growth (2017 - 2018): China, $94.3M

Between 2017 and 2018, the exports of Spectrometers, spectrophotometers, etc using light grew the fastest in United States ($106M), Singapore ($91.1M), Denmark ($72.5M), United Kingdom ($70.2M), and Canada ($43M).

Between 2017 and 2018, the fastest growing importers of Spectrometers, spectrophotometers, etc using light were China ($94.3M), United States ($92.6M), Singapore ($44.5M), Germany ($37.7M), and Hong Kong ($33.6M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Spectrometers, spectrophotometers, etc using light.

In 2018,  market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Spectrometers, spectrophotometers, etc using light are explained by 15 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Germany, $499M

TOP NET IMPORTER (2018): China, $545M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Spectrometers, spectrophotometers, etc using light were Germany ($499M), United States ($386M), United Kingdom ($204M), Malaysia ($123M), and Singapore ($118M).

In 2018, the countries that had a largest trade value in imports than in exports of Spectrometers, spectrophotometers, etc using light were China ($545M), South Korea ($154M), Hong Kong ($136M), India ($131M), and Italy ($52.8M).

Import Tariffs

#permalink to section

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%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.