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902780 (Harmonized System 1992 for 6-digit)

2023
World Trade $14.6BRnk 238 / 4644
2023
Top Exporter | Top Importer $3.05B | $2.97BUnited States | China
2023
Product Complexity 1.76Rnk 67 / 4656
2022 - 2023
Export Growth (CAGR) 2.96%Rnk 1231 / 4644
2023
Share of World Trade 0.064%Rnk 238 / 4644

About

Overview This page contains the latest trade data of Equipment for physical or chemical analysis, nes. In 2023, Equipment for physical or chemical analysis, nes were the world's 238th most traded product, with a total trade of $14.6B. Between 2022 and 2023 the exports of Equipment for physical or chemical analysis, nes grew by 2.96%, from $14.1B to $14.6B. Trade in Equipment for physical or chemical analysis, nes represent 0.064% of total world trade.

Equipment for physical or chemical analysis, nes are a part of Chemical Analysis Instruments.

Exports In 2023 the top exporters of Equipment for physical or chemical analysis, nes  were United States ($3.05B), Germany ($2.36B), Singapore ($1.69B), China ($1.17B), and Japan ($1.04B).

Imports In 2023 the top importers of Equipment for physical or chemical analysis, nes were China ($2.97B), United States ($1.99B), Germany ($941M), South Korea ($587M), and Netherlands ($545M).

Ranking Equipment for physical or chemical analysis, nes ranks 67th in the Product Complexity Index (PCI).

Description Physical analysis is the study of physical properties of substances, such as their mass and volume, while chemical analysis is the study of the composition of substances, such as their chemical compounds. Equipment used for physical analysis includes the triple-beam balance and analytical balance. Equipment used for chemical analysis includes the spectrophotometer, which uses a prism to split light into a rainbow of colors.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Equipment for physical or chemical analysis, nes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)United States$3.05B
Top Destination (2023)China$2.97B

In 2023 Equipment for physical or chemical analysis, nes were the world's 238th most traded product (out of 4,644).

In 2023, the top exporters of Equipment for physical or chemical analysis, nes were United States ($3.05B), Germany ($2.36B), Singapore ($1.69B), China ($1.17B), and Japan ($1.04B).

In 2023, the top importers of Equipment for physical or chemical analysis, nes were China ($2.97B), United States ($1.99B), Germany ($941M), South Korea ($587M), and Netherlands ($545M).

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Exporters of Equipment for physical or chemical analysis, nes (2023)
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Importers of Equipment for physical or chemical analysis, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$145M
Top Destination Growth (2022 -  2023)Mexico$202M

Between 2022 and 2023, the exports of Equipment for physical or chemical analysis, nes grew the fastest in Germany ($145M), Switzerland ($121M), United States ($75.1M), Finland ($68.4M), and Singapore ($67.3M).

Between 2022 and 2023, the fastest growing importers of Equipment for physical or chemical analysis, nes were Mexico ($202M), India ($100M), United States ($91.3M), China ($88M), and Turkey ($52.2M).

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Exporters of Equipment for physical or chemical analysis, nes (2022 - 2023)

Importers of Equipment for physical or chemical analysis, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Equipment for physical or chemical analysis, nes.

In 2023, market concentration measured using Shannon Entropy, was 3.97. This means that most of the exports of Equipment for physical or chemical analysis, nes are explained by 15 countries.

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Value of Exports in Equipment for physical or chemical analysis, nes

Net Trade

TOP NET EXPORTER (2023)Germany$1.42B
TOP NET IMPORTER (2023)China$1.8B

This map shows which countries export or import more of Equipment for physical or chemical analysis, nes. Each country is colored based on the difference in exports and imports of Equipment for physical or chemical analysis, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Equipment for physical or chemical analysis, nes were Germany ($1.42B), Singapore ($1.34B), United States ($1.06B), Switzerland ($734M), and Japan ($603M).

In 2023, the countries that had a largest trade value in imports than in exports of Equipment for physical or chemical analysis, nes were China ($1.8B), South Korea ($489M), India ($367M), Poland ($228M), and Hong Kong ($225M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Equipment for physical or chemical analysis, nes.
It is possible to select the main countries that export or import Equipment for physical or chemical analysis, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Equipment for physical or chemical analysis, nes by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

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