HS Icon Tensile Testing Machines

9024 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Tensile Testing Machines. In 2019, Tensile Testing Machines were the world's 666th most traded product, with a total trade of $2.55B. Between 2018 and 2019 the exports of Tensile Testing Machines decreased by -0.11%, from $2.55B to $2.55B. Trade in Tensile Testing Machines represent 0.014% of total world trade.

Exports: In 2019 the top exporters of Tensile Testing Machines  were United States ($696M), Germany ($508M), United Kingdom ($220M), China ($147M), and Italy ($140M).

Imports: In 2019 the top importers of Tensile Testing Machines were China ($470M), United States ($216M), Germany ($149M), India ($111M), and South Korea ($103M).

Tariffs: In 2018 the average tariff for Tensile Testing Machines was 4.72%, making it the 874th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Tensile Testing Machines are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Iran (14.7%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Tensile Testing Machines ranks 34th in the Product Complexity Index (PCI).

Description: These machines are used to test the hardness, strength, compressibility, elasticity or other mechanical properties of materials. They can be made from a variety of materials, including steel and aluminum.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $696M

Top Destination (2019): China, $470M

Tensile Testing Machines are the world's 666th most traded product.

In 2019, the top exporters of Tensile Testing Machines were United States ($696M), Germany ($508M), United Kingdom ($220M), China ($147M), and Italy ($140M).

In 2019, the top importers of Tensile Testing Machines were China ($470M), United States ($216M), Germany ($149M), India ($111M), and South Korea ($103M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United States, $31M

Top Destination Growth (2018 - 2019): China, $21.1M

Between 2018 and 2019, the exports of Tensile Testing Machines grew the fastest in United States ($31M), Malaysia ($24M), Netherlands ($6.28M), Israel ($4.83M), and Argentina ($4.29M).

Between 2018 and 2019, the fastest growing importers of Tensile Testing Machines were China ($21.1M), Singapore ($13.5M), United States ($10.3M), Japan ($9M), and Slovakia ($8.54M).

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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 Tensile Testing Machines.

In 2019,  market concentration measured using Shannon Entropy, was 3.84. This means that most of the exports of Tensile Testing Machines are explained by 14 countries.

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TOP NET EXPORTER (2019): United States, $480M

TOP NET IMPORTER (2019): China, $323M

This map shows which countries export or import more of Tensile Testing Machines. Each country is colored based on the difference in exports and imports of Tensile Testing Machines during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Tensile Testing Machines were United States ($480M), Germany ($359M), United Kingdom ($142M), Italy ($99.1M), and Switzerland ($47.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Tensile Testing Machines were China ($323M), India ($89.1M), South Korea ($73.5M), Mexico ($61.8M), and Russia ($47M).

Disaggregation

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Value

In 2019, the world most traded Tensile Testing Machines, disaggragated by their HS6 level were Machines for testing mechanical properties nes ($1.36B), Machines for testing mechanical properties of... ($653M), and Parts and accessories of material testing... ($529M)

Import Tariffs

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In 2018, the average tariff for importing Tensile Testing Machines was 4.72%. The countries with the highest tariffs for importing Tensile Testing Machines were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Iran (14.7%).

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.

Country by Relatedness

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The following visualization shows the relatedness of Tensile Testing Machines to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.