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Hydrometers and similar floating instruments, thermometers, pyrometers, barometers, hygrometers and psychrometers, recording or not

9025 (Harmonized System 1992 for 4-digit)

2023
World Trade $7.95BRnk 415 / 1217
2023
Top Exporter | Top Importer $1.63B | $1.23BChina | United States
2023
Product Complexity 0.73Rnk 277 / 1044
2022 - 2023
Export Growth (CAGR) -1.9%Rnk 470 / 1217
2023
Share of World Trade 0.035%Rnk 415 / 1217

About

Overview This page contains the latest trade data of Hydrometers. In 2023, Hydrometers were the world's 415th most traded product, with a total trade of $7.95B. Between 2022 and 2023 the exports of Hydrometers decreased by -1.9%, from $8.1B to $7.95B. Trade in Hydrometers represent 0.035% of total world trade.

Hydrometers are a part of Optical, photo, & film equipment; medical instruments. They include Thermometers, except liquid filled, Hydrometer, pyrometer, hygrometer, alone or combined, Parts and accessories for thermometers, etc, Thermometers, liquid-filled, and Barometers.

Exports In 2023 the top exporters of Hydrometers  were China ($1.63B), United States ($1.02B), Germany ($975M), Mexico ($448M), and Japan ($332M).

Imports In 2023 the top importers of Hydrometers were United States ($1.23B), Germany ($787M), China ($749M), Netherlands ($301M), and France ($294M).

Ranking Hydrometers ranks 277th in the Product Complexity Index (PCI).

Description Hydrometers, areometers and similar floating instruments are used to measure the density of liquids. Thermometers are used to measure temperature. Pyrometers and barometers are used to measure air pressure. Hygrometers and psychrometers are used to measure humidity.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hydrometers. 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)China$1.63B
Top Destination (2023)United States$1.23B

In 2023 Hydrometers were the world's 415th most traded product (out of 1,217).

In 2023, the top exporters of Hydrometers were China ($1.63B), United States ($1.02B), Germany ($975M), Mexico ($448M), and Japan ($332M).

In 2023, the top importers of Hydrometers were United States ($1.23B), Germany ($787M), China ($749M), Netherlands ($301M), and France ($294M).

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Exporters of Hydrometers (2023)
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Importers of Hydrometers (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$92.5M
Top Destination Growth (2022 -  2023)United Kingdom$59.1M

Between 2022 and 2023, the exports of Hydrometers grew the fastest in United States ($92.5M), Mexico ($41.3M), Singapore ($38M), Chinese Taipei ($35.5M), and Germany ($34.9M).

Between 2022 and 2023, the fastest growing importers of Hydrometers were United Kingdom ($59.1M), Turkey ($31.3M), China ($28.6M), United States ($25.9M), and Saudi Arabia ($24.2M).

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Exporters of Hydrometers (2022 - 2023)

Importers of Hydrometers (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hydrometers.

In 2023, market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Hydrometers are explained by 21 countries.

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Value of Exports in Hydrometers

Net Trade

TOP NET EXPORTER (2023)China$878M
TOP NET IMPORTER (2023)United States$206M

This map shows which countries export or import more of Hydrometers. Each country is colored based on the difference in exports and imports of Hydrometers during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hydrometers were China ($878M), Mexico ($231M), Bulgaria ($230M), Germany ($189M), and Finland ($121M).

In 2023, the countries that had a largest trade value in imports than in exports of Hydrometers were United States ($206M), South Korea ($140M), Turkey ($122M), Canada ($96.8M), and Hong Kong ($91M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Hydrometers, disaggragated by their HS6 level were Thermometers, except liquid filled ($4.48B), Hydrometer, pyrometer, hygrometer, alone or combined ($1.78B), Parts and accessories for thermometers, etc ($1.53B), and Thermometers, liquid-filled ($161M)

HS6 Disaggregation for Hydrometers (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Hydrometers by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $29.9M
TOP IMPORT POTENTIALUnited States+ $17.7M

Hydrometers’s highest export potential is India. With an export gap of $29.9M.  Hydrometers’s highest import potential is United States with an import gap of $17.7M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Hydrometers.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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