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903180 (Harmonized System 1992 for 6-digit)

2023
World Trade $26.5BRnk 116 / 4644
2023
Top Exporter | Top Importer $4.56B | $4.05BGermany | China
2023
Product Complexity 1.41Rnk 237 / 4656
2022 - 2023
Export Growth (CAGR) 1.34%Rnk 1406 / 4644
2023
Share of World Trade 0.12%Rnk 116 / 4644

About

Overview This page contains the latest trade data of Measuring or checking equipment, nes. In 2023, Measuring or checking equipment, nes were the world's 116th most traded product, with a total trade of $26.5B. Between 2022 and 2023 the exports of Measuring or checking equipment, nes grew by 1.34%, from $26.2B to $26.5B. Trade in Measuring or checking equipment, nes represent 0.12% of total world trade.

Measuring or checking equipment, nes are a part of Other Measuring Instruments.

Exports In 2023 the top exporters of Measuring or checking equipment, nes  were Germany ($4.56B), United States ($3.54B), China ($3.26B), Japan ($1.93B), and United Kingdom ($1.02B).

Imports In 2023 the top importers of Measuring or checking equipment, nes were China ($4.05B), United States ($3.35B), Germany ($2.06B), Mexico ($1.32B), and India ($969M).

Ranking Measuring or checking equipment, nes ranks 237th in the Product Complexity Index (PCI).

Description Measurement equipment is used to help people measure accurate measurements such as length, weight, volume, area, and time. Checking equipment is used to check if the measurements taken are accurate.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Measuring or checking equipment, 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)Germany$4.56B
Top Destination (2023)China$4.05B

In 2023 Measuring or checking equipment, nes were the world's 116th most traded product (out of 4,644).

In 2023, the top exporters of Measuring or checking equipment, nes were Germany ($4.56B), United States ($3.54B), China ($3.26B), Japan ($1.93B), and United Kingdom ($1.02B).

In 2023, the top importers of Measuring or checking equipment, nes were China ($4.05B), United States ($3.35B), Germany ($2.06B), Mexico ($1.32B), and India ($969M).

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Exporters of Measuring or checking equipment, nes (2023)
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Importers of Measuring or checking equipment, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$342M
Top Destination Growth (2022 -  2023)China$424M

Between 2022 and 2023, the exports of Measuring or checking equipment, nes grew the fastest in United States ($342M), Germany ($273M), Malaysia ($268M), Hungary ($101M), and Poland ($91.8M).

Between 2022 and 2023, the fastest growing importers of Measuring or checking equipment, nes were China ($424M), United States ($197M), Netherlands ($158M), United Kingdom ($155M), and India ($134M).

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Exporters of Measuring or checking equipment, nes (2022 - 2023)

Importers of Measuring or checking equipment, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Measuring or checking equipment, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Measuring or checking equipment, nes are explained by 22 countries.

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Value of Exports in Measuring or checking equipment, nes

Net Trade

TOP NET EXPORTER (2023)Germany$2.5B
TOP NET IMPORTER (2023)India$820M

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

In 2023, the countries that had a largest trade value in exports than in imports of Measuring or checking equipment, nes were Germany ($2.5B), Japan ($1.09B), Chinese Taipei ($641M), Switzerland ($571M), and Malaysia ($461M).

In 2023, the countries that had a largest trade value in imports than in exports of Measuring or checking equipment, nes were India ($820M), China ($797M), Mexico ($755M), Poland ($351M), and Hong Kong ($347M).

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 Measuring or checking equipment, nes.
It is possible to select the main countries that export or import Measuring or checking equipment, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Measuring or checking equipment, 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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