HS Icon Surveying, etc instruments nes

901580 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.06B, Rnk 776 / 4726

Top Exporter (2018): $914M, United States

Top Importer (2018): $555M, United States

Export Growth (CAGR)(2017 - 2018): 15.7%, Rnk 1815 / 4726

Mean Tariff (2018): 4.51%, Rnk 4512 / 6538

Share of World Trade (2018): 0.022%, Rnk 776 / 4726

Overview:  This page contains the latest trade data of Surveying, etc instruments nes. In 2018, Surveying, etc instruments nes were the world's 776th most traded product, with a total trade of $4.06B. Between 2017 and 2018 the exports of Surveying, etc instruments nes grew by 15.7%, from  $3.51B to $4.06B. Trade in Surveying, etc instruments nes represent 0.022% of total world trade.

Exports: In 2018 the top exporters of Surveying, etc instruments nes  were United States ($914M), Canada ($384M), United Kingdom ($348M), Germany ($302M), and China ($262M).

Imports: In 2018 the top importers of Surveying, etc instruments nes were United States ($555M), China ($362M), United Arab Emirates ($195M), Norway ($182M), and Singapore ($181M).

Tariffs: In 2018 the average tariff for Surveying, etc instruments nes was 4.51%, been the 4512 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Surveying, etc instruments nes are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Iran (14.5%). 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): United States, $914M

Top Destination (2018): United States, $555M

Surveying, etc instruments nes are the world's 776th most traded product.

In 2018, the top exporters of Surveying, etc instruments nes were United States ($914M), Canada ($384M), United Kingdom ($348M), Germany ($302M), and China ($262M).

In 2018, the top importers of Surveying, etc instruments nes were United States ($555M), China ($362M), United Arab Emirates ($195M), Norway ($182M), and Singapore ($181M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $97.4M

Top Destination Growth (2017 - 2018): United Arab Emirates, $86.7M

Between 2017 and 2018, the exports of Surveying, etc instruments nes grew the fastest in United States ($97.4M), Singapore ($79.6M), Canada ($64.9M), Italy ($56.1M), and France ($54.5M).

Between 2017 and 2018, the fastest growing importers of Surveying, etc instruments nes were United Arab Emirates ($86.7M), Qatar ($48.2M), Kuwait ($41.1M), Germany ($38.6M), and Ghana ($37.8M).

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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 Surveying, etc instruments nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Surveying, etc instruments nes are explained by 20 countries.

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TOP NET EXPORTER (2018): United States, $359M

TOP NET IMPORTER (2018): United Arab Emirates, $132M

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

In 2018, the countries that had a largest trade value in exports than in imports of Surveying, etc instruments nes were United States ($359M), Canada ($336M), United Kingdom ($197M), Germany ($169M), and France ($164M).

In 2018, the countries that had a largest trade value in imports than in exports of Surveying, etc instruments nes were United Arab Emirates ($132M), China ($100M), Russia ($82.3M), Australia ($67M), and India ($66.6M).

Trade Forecasts

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This section shows forecasts for total trade for Surveying, etc instruments nes. 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 Surveying, etc instruments nes was 4.51%.  The countries with the highest tariffs for importing Surveying, etc instruments nes were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Iran (14.5%).

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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.