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Machines and appliances, instruments or apparatus of chapter 90; parts and accessories n.e.c. in chapter 90

9033 (Harmonized System 1992 for 4-digit)

2022
World Trade $3.15BRnk 670 / 1218
2022
Top Exporter | Top Importer $435M | $380MUnited States | United States
2022
Product Complexity 1.01Rnk 175 / 1033
2021 - 2022
Export Growth (CAGR) 2.13%Rnk 747 / 1218
2022
Share of World Trade 0.013%Rnk 670 / 1218

About

Overview This page contains the latest trade data of Opto-Electric Instrument Parts. In 2022, Opto-Electric Instrument Parts were the world's 670th most traded product, with a total trade of $3.15B. Between 2021 and 2022 the exports of Opto-Electric Instrument Parts grew by 2.13%, from $3.08B to $3.15B. Trade in Opto-Electric Instrument Parts represent 0.013% of total world trade.

Opto-Electric Instrument Parts are a part of Optical, photo, & film equipment; medical instruments. They include Parts/accessories nes for optical/electric instrument.

Exports In 2022 the top exporters of Opto-Electric Instrument Parts  were United States ($435M), Germany ($420M), China ($354M), Netherlands ($151M), and Italy ($124M).

Imports In 2022 the top importers of Opto-Electric Instrument Parts were United States ($380M), Germany ($308M), Hong Kong ($170M), China ($159M), and Japan ($113M).

Ranking Opto-Electric Instrument Parts ranks 175th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Opto-Electric Instrument Parts. 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)United States$435M
Top Destination (2022)United States$380M

In 2022 Opto-Electric Instrument Parts were the world's 670th most traded product (out of 1,218).

In 2022, the top exporters of Opto-Electric Instrument Parts were United States ($435M), Germany ($420M), China ($354M), Netherlands ($151M), and Italy ($124M).

In 2022, the top importers of Opto-Electric Instrument Parts were United States ($380M), Germany ($308M), Hong Kong ($170M), China ($159M), and Japan ($113M).

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Exporters of Opto-Electric Instrument Parts (2022)
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Importers of Opto-Electric Instrument Parts (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$129M
Top Destination Growth (2021 -  2022)Kuwait$68.5M

Between 2021 and 2022, the exports of Opto-Electric Instrument Parts grew the fastest in United States ($129M), Vietnam ($72.9M), Netherlands ($41.3M), India ($17.7M), and Canada ($17.3M).

Between 2021 and 2022, the fastest growing importers of Opto-Electric Instrument Parts were Kuwait ($68.5M), Germany ($43.8M), Mexico ($24.6M), India ($22.6M), and Belgium ($15.7M).

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Exporters of Opto-Electric Instrument Parts (2021 - 2022)

Importers of Opto-Electric Instrument Parts (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Opto-Electric Instrument Parts.

In 2022, market concentration measured using Shannon Entropy, was 4.71. This means that most of the exports of Opto-Electric Instrument Parts are explained by 26 countries.

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Value of Exports in Opto-Electric Instrument Parts

Net Trade

TOP NET EXPORTER (2022)China$195M
TOP NET IMPORTER (2022)Hong Kong$147M

This map shows which countries export or import more of Opto-Electric Instrument Parts. Each country is colored based on the difference in exports and imports of Opto-Electric Instrument Parts during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Opto-Electric Instrument Parts were China ($195M), Germany ($112M), Vietnam ($80.4M), Netherlands ($60.6M), and Thailand ($58.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Opto-Electric Instrument Parts were Hong Kong ($147M), Kuwait ($71.2M), Greece ($48.4M), South Korea ($32.1M), and France ($27.2M).

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 Opto-Electric Instrument Parts.
It is possible to select the main countries that export or import Opto-Electric Instrument Parts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Opto-Electric Instrument Parts by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALFrance+ $7.65M
TOP IMPORT POTENTIALNetherlands+ $6.9M

Opto-Electric Instrument Parts’s highest export potential is France. With an export gap of $7.65M.  Opto-Electric Instrument Parts’s highest import potential is Netherlands with an import gap of $6.9M.

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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Opto-Electric Instrument Parts.

Country by Relatedness

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

Relative Relatedness by Country (2022)

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