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Reagents; diagnostic or laboratory reagents on a backing and prepared diagnostic or laboratory reagents whether or not on a backing, other than those of heading no. 3002 or 3006; certified reference material

3822 (Harmonized System 1992 for 4-digit)

2023
World Trade $396MRnk 1076 / 1217
2023
Top Exporter | Top Importer $108M | $132MUnited States | Argentina
2023
Product Complexity 0.99Rnk 186 / 1044
2022 - 2023
Export Growth (CAGR) -80.8%Rnk 1214 / 1217
2023
Share of World Trade 0.0018%Rnk 1076 / 1217

About

Overview This page contains the latest trade data of Laboratory Reagents. In 2023, Laboratory Reagents were the world's 1076th most traded product, with a total trade of $396M. Between 2022 and 2023 the exports of Laboratory Reagents decreased by -80.8%, from $2.06B to $396M. Trade in Laboratory Reagents represent 0.0018% of total world trade.

Laboratory Reagents are a part of Chemical products n.e.s.. They include Other Diagnostic or Lab Reagents.

Exports In 2023 the top exporters of Laboratory Reagents  were United States ($108M), Germany ($59.3M), China ($22.8M), United Kingdom ($19.1M), and Sweden ($19M).

Imports In 2023 the top importers of Laboratory Reagents were Argentina ($132M), Philippines ($69.2M), Lebanon ($43.2M), Angola ($28.8M), and Ghana ($26.8M).

Ranking Laboratory Reagents ranks 186th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Laboratory Reagents. 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$108M
Top Destination (2023)Argentina$132M

In 2023 Laboratory Reagents were the world's 1076th most traded product (out of 1,217).

In 2023, the top exporters of Laboratory Reagents were United States ($108M), Germany ($59.3M), China ($22.8M), United Kingdom ($19.1M), and Sweden ($19M).

In 2023, the top importers of Laboratory Reagents were Argentina ($132M), Philippines ($69.2M), Lebanon ($43.2M), Angola ($28.8M), and Ghana ($26.8M).

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Exporters of Laboratory Reagents (2023)
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Importers of Laboratory Reagents (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Lebanon$794k
Top Destination Growth (2022 -  2023)Ghana$4.74M

Between 2022 and 2023, the exports of Laboratory Reagents grew the fastest in Lebanon ($794k), Georgia ($780k), Trinidad and Tobago ($204k), Senegal ($198k), and Dominican Republic ($143k).

Between 2022 and 2023, the fastest growing importers of Laboratory Reagents were Ghana ($4.74M), Armenia ($452k), Guyana ($91.3k), Central African Republic ($86.5k), and Samoa ($78.8k).

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Exporters of Laboratory Reagents (2022 - 2023)

Importers of Laboratory Reagents (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Laboratory Reagents.

In 2023, market concentration measured using Shannon Entropy, was 4.11. This means that most of the exports of Laboratory Reagents are explained by 17 countries.

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Value of Exports in Laboratory Reagents

Net Trade

TOP NET EXPORTER (2023)United States$108M
TOP NET IMPORTER (2023)Argentina$118M

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

In 2023, the countries that had a largest trade value in exports than in imports of Laboratory Reagents were United States ($108M), Germany ($59.3M), China ($21.7M), United Kingdom ($19.1M), and Sweden ($19M).

In 2023, the countries that had a largest trade value in imports than in exports of Laboratory Reagents were Argentina ($118M), Philippines ($65.8M), Lebanon ($42.2M), Angola ($28.8M), and Ghana ($26.7M).

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 Laboratory Reagents.
It is possible to select the main countries that export or import Laboratory Reagents in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Laboratory Reagents by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALJapan+ $225M
TOP IMPORT POTENTIALGermany+ $120M

Laboratory Reagents’s highest export potential is Japan. With an export gap of $225M.  Laboratory Reagents’s highest import potential is Germany with an import gap of $120M.

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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 Laboratory Reagents.

Country by Relatedness

The following visualization shows the relatedness of Laboratory Reagents 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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