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Instruments nes using optical radiations

902750 (Harmonized System 1992 for 6-digit)

2023
World Trade $11.4BRnk 316 / 4644
2023
Top Exporter | Top Importer $3.1B | $1.79BUnited States | China
2023
Product Complexity 1.47Rnk 201 / 4656
2022 - 2023
Export Growth (CAGR) -3.96%Rnk 1972 / 4644
2023
Share of World Trade 0.05%Rnk 316 / 4644

About

Overview This page contains the latest trade data of Instruments nes using optical radiations. In 2023, Instruments nes using optical radiations were the world's 316th most traded product, with a total trade of $11.4B. Between 2022 and 2023 the exports of Instruments nes using optical radiations decreased by -3.96%, from $11.8B to $11.4B. Trade in Instruments nes using optical radiations represent 0.05% of total world trade.

Instruments nes using optical radiations are a part of Chemical Analysis Instruments.

Exports In 2023 the top exporters of Instruments nes using optical radiations  were United States ($3.1B), Japan ($1.5B), Germany ($1.42B), Singapore ($1.01B), and China ($797M).

Imports In 2023 the top importers of Instruments nes using optical radiations were China ($1.79B), United States ($1.61B), Germany ($1.15B), Netherlands ($662M), and South Korea ($418M).

Ranking Instruments nes using optical radiations ranks 201st in the Product Complexity Index (PCI).

Description Optical radiations are common in the field of medicine. For example, a physician can use an x-ray to detect bone fractures. A physician can also use an ultrasound to detect internal organs and blood flow.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Instruments nes using optical radiations. 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$3.1B
Top Destination (2023)China$1.79B

In 2023 Instruments nes using optical radiations were the world's 316th most traded product (out of 4,644).

In 2023, the top exporters of Instruments nes using optical radiations were United States ($3.1B), Japan ($1.5B), Germany ($1.42B), Singapore ($1.01B), and China ($797M).

In 2023, the top importers of Instruments nes using optical radiations were China ($1.79B), United States ($1.61B), Germany ($1.15B), Netherlands ($662M), and South Korea ($418M).

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Exporters of Instruments nes using optical radiations (2023)
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Importers of Instruments nes using optical radiations (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$139M
Top Destination Growth (2022 -  2023)Japan$58.9M

Between 2022 and 2023, the exports of Instruments nes using optical radiations grew the fastest in United States ($139M), United Kingdom ($86.3M), Ireland ($30.6M), Belgium ($9.89M), and Italy ($8.93M).

Between 2022 and 2023, the fastest growing importers of Instruments nes using optical radiations were Japan ($58.9M), India ($49.7M), Italy ($45.8M), France ($32.4M), and Vietnam ($31.1M).

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Exporters of Instruments nes using optical radiations (2022 - 2023)

Importers of Instruments nes using optical radiations (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Instruments nes using optical radiations.

In 2023, market concentration measured using Shannon Entropy, was 3.76. This means that most of the exports of Instruments nes using optical radiations are explained by 13 countries.

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Value of Exports in Instruments nes using optical radiations

Net Trade

TOP NET EXPORTER (2023)United States$1.49B
TOP NET IMPORTER (2023)China$994M

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

In 2023, the countries that had a largest trade value in exports than in imports of Instruments nes using optical radiations were United States ($1.49B), Japan ($1.13B), Singapore ($640M), Israel ($302M), and Switzerland ($285M).

In 2023, the countries that had a largest trade value in imports than in exports of Instruments nes using optical radiations were China ($994M), South Korea ($370M), Netherlands ($365M), India ($296M), and Italy ($154M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Instruments nes using optical radiations 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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