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903180 (Harmonized System 1992 for 6-digit)

2022
World Trade $25.1BRnk 123 / 4648
2022
Top Exporter | Top Importer $4.43B | $3.49BGermany | China
2022
Product Complexity 1.33Rnk 334 / 4653
2021 - 2022
Export Growth (CAGR) -1.65%Rnk 3216 / 4648
2022
Share of World Trade 0.11%Rnk 123 / 4648

About

Overview This page contains the latest trade data of Measuring or checking equipment, nes. In 2022, Measuring or checking equipment, nes were the world's 123rd most traded product, with a total trade of $25.1B. Between 2021 and 2022 the exports of Measuring or checking equipment, nes decreased by -1.65%, from $25.6B to $25.1B. Trade in Measuring or checking equipment, nes represent 0.11% of total world trade.

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

Exports In 2022 the top exporters of Measuring or checking equipment, nes  were Germany ($4.43B), China ($3.63B), United States ($2.92B), Japan ($1.85B), and South Korea ($1.22B).

Imports In 2022 the top importers of Measuring or checking equipment, nes were China ($3.49B), United States ($3.23B), Germany ($1.98B), Mexico ($1B), and South Korea ($883M).

Ranking Measuring or checking equipment, nes ranks 334th 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 (2022)Germany$4.43B
Top Destination (2022)China$3.49B

In 2022 Measuring or checking equipment, nes were the world's 123rd most traded product (out of 4,648).

In 2022, the top exporters of Measuring or checking equipment, nes were Germany ($4.43B), China ($3.63B), United States ($2.92B), Japan ($1.85B), and South Korea ($1.22B).

In 2022, the top importers of Measuring or checking equipment, nes were China ($3.49B), United States ($3.23B), Germany ($1.98B), Mexico ($1B), and South Korea ($883M).

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Exporters of Measuring or checking equipment, nes (2022)
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Importers of Measuring or checking equipment, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$395M
Top Destination Growth (2021 -  2022)United States$163M

Between 2021 and 2022, the exports of Measuring or checking equipment, nes grew the fastest in United States ($395M), Japan ($246M), Thailand ($87.7M), South Korea ($79.2M), and Mexico ($73.7M).

Between 2021 and 2022, the fastest growing importers of Measuring or checking equipment, nes were United States ($163M), Singapore ($145M), Mexico ($145M), Thailand ($134M), and Germany ($104M).

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Exporters of Measuring or checking equipment, nes (2021 - 2022)

Importers of Measuring or checking equipment, nes (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Measuring or checking equipment, nes are explained by 21 countries.

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Value of Exports in Measuring or checking equipment, nes

Net Trade

TOP NET EXPORTER (2022)Germany$2.44B
TOP NET IMPORTER (2022)Mexico$567M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Measuring or checking equipment, nes were Germany ($2.44B), Japan ($972M), Switzerland ($465M), United Kingdom ($389M), and Israel ($342M).

In 2022, the countries that had a largest trade value in imports than in exports of Measuring or checking equipment, nes were Mexico ($567M), Hong Kong ($565M), India ($539M), Vietnam ($449M), and Poland ($325M).

Net Trade (2022)

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 (2022)

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