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903300 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.3BRnk 1042 / 4644
2023
Top Exporter | Top Importer $485M | $276MUnited States | United States
2023
Product Complexity 1.12Rnk 585 / 4656
2022 - 2023
Export Growth (CAGR) 3.96%Rnk 1130 / 4644
2023
Share of World Trade 0.015%Rnk 1042 / 4644

About

Overview This page contains the latest trade data of Parts/accessories nes for optical/electric instrument. In 2023, Parts/accessories nes for optical/electric instrument were the world's 1042nd most traded product, with a total trade of $3.3B. Between 2022 and 2023 the exports of Parts/accessories nes for optical/electric instrument grew by 3.96%, from $3.17B to $3.3B. Trade in Parts/accessories nes for optical/electric instrument represent 0.015% of total world trade.

Parts/accessories nes for optical/electric instrument are a part of Opto-Electric Instrument Parts.

Exports In 2023 the top exporters of Parts/accessories nes for optical/electric instrument  were United States ($485M), Germany ($481M), China ($397M), Japan ($147M), and Italy ($137M).

Imports In 2023 the top importers of Parts/accessories nes for optical/electric instrument were United States ($276M), Germany ($240M), Hong Kong ($177M), Japan ($162M), and India ($142M).

Ranking Parts/accessories nes for optical/electric instrument ranks 585th in the Product Complexity Index (PCI).

Description Optical and electric instruments use lenses, prisms, mirrors, and a variety of other pieces to complete the device. For example, a telescope would need lenses to help it see, and a microscope would need a lens and a prism to see microscopic things.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Parts/accessories nes for optical/electric instrument. 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$485M
Top Destination (2023)United States$276M

In 2023 Parts/accessories nes for optical/electric instrument were the world's 1042nd most traded product (out of 4,644).

In 2023, the top exporters of Parts/accessories nes for optical/electric instrument were United States ($485M), Germany ($481M), China ($397M), Japan ($147M), and Italy ($137M).

In 2023, the top importers of Parts/accessories nes for optical/electric instrument were United States ($276M), Germany ($240M), Hong Kong ($177M), Japan ($162M), and India ($142M).

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Exporters of Parts/accessories nes for optical/electric instrument (2023)
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Importers of Parts/accessories nes for optical/electric instrument (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$92.1M
Top Destination Growth (2022 -  2023)Japan$80.7M

Between 2022 and 2023, the exports of Parts/accessories nes for optical/electric instrument grew the fastest in United States ($92.1M), Germany ($59.6M), Singapore ($44M), Hong Kong ($26.3M), and Italy ($21.6M).

Between 2022 and 2023, the fastest growing importers of Parts/accessories nes for optical/electric instrument were Japan ($80.7M), Kuwait ($43.4M), Romania ($27.3M), Saudi Arabia ($18.2M), and Mexico ($17.1M).

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Exporters of Parts/accessories nes for optical/electric instrument (2022 - 2023)

Importers of Parts/accessories nes for optical/electric instrument (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts/accessories nes for optical/electric instrument.

In 2023, market concentration measured using Shannon Entropy, was 4.65. This means that most of the exports of Parts/accessories nes for optical/electric instrument are explained by 25 countries.

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Value of Exports in Parts/accessories nes for optical/electric instrument

Net Trade

TOP NET EXPORTER (2023)China$277M
TOP NET IMPORTER (2023)Hong Kong$130M

This map shows which countries export or import more of Parts/accessories nes for optical/electric instrument. Each country is colored based on the difference in exports and imports of Parts/accessories nes for optical/electric instrument during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts/accessories nes for optical/electric instrument were China ($277M), Germany ($241M), United States ($209M), Italy ($57.8M), and Vietnam ($42.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts/accessories nes for optical/electric instrument were Hong Kong ($130M), India ($93.8M), Kuwait ($56.4M), Romania ($54.8M), and Indonesia ($39.9M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Parts/accessories nes for optical/electric instrument.
It is possible to select the main countries that export or import Parts/accessories nes for optical/electric instrument in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts/accessories nes for optical/electric instrument 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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