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Sound recording or reproducing apparatus

8519 (Harmonized System 1992 for 4-digit)

2023
World Trade $3.79BRnk 616 / 1217
2023
Top Exporter | Top Importer $2.14B | $1.01BChina | United States
2023
Product Complexity 0.81Rnk 244 / 1044
2022 - 2023
Export Growth (CAGR) -7.15%Rnk 651 / 1217
2023
Share of World Trade 0.017%Rnk 616 / 1217

About

Overview This page contains the latest trade data of Sound Recording Equipment. In 2023, Sound Recording Equipment were the world's 616th most traded product, with a total trade of $3.79B. Between 2022 and 2023 the exports of Sound Recording Equipment decreased by -7.15%, from $4.08B to $3.79B. Trade in Sound Recording Equipment represent 0.017% of total world trade.

Sound Recording Equipment are a part of Electrical machinery and electronics. They include Sound reproducing apparatus, non-recording, nes, Cassette players, non-recording, Turntables, without record changers, Record-players with loudspeakers, nes, Turntables with automatic record changing mechanism, Coin or disc-operated record-players, Record-players without built-in loudspeaker, nes, and Transcribing machines.

Exports In 2023 the top exporters of Sound Recording Equipment  were China ($2.14B), Vietnam ($402M), Netherlands ($211M), Malaysia ($132M), and Germany ($128M).

Imports In 2023 the top importers of Sound Recording Equipment were United States ($1.01B), Germany ($388M), Netherlands ($243M), United Kingdom ($210M), and France ($181M).

Ranking Sound Recording Equipment ranks 244th in the Product Complexity Index (PCI).

Description Sound recording or sound reproducing apparatus are used to record and play back sounds. They can be made from a variety of materials, including wood, plastic, metal, and glass.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Sound Recording Equipment. 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)China$2.14B
Top Destination (2023)United States$1.01B

In 2023 Sound Recording Equipment were the world's 616th most traded product (out of 1,217).

In 2023, the top exporters of Sound Recording Equipment were China ($2.14B), Vietnam ($402M), Netherlands ($211M), Malaysia ($132M), and Germany ($128M).

In 2023, the top importers of Sound Recording Equipment were United States ($1.01B), Germany ($388M), Netherlands ($243M), United Kingdom ($210M), and France ($181M).

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Exporters of Sound Recording Equipment (2023)
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Importers of Sound Recording Equipment (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Vietnam$97.8M
Top Destination Growth (2022 -  2023)Poland$60M

Between 2022 and 2023, the exports of Sound Recording Equipment grew the fastest in Vietnam ($97.8M), Netherlands ($32.3M), Slovakia ($19.7M), Poland ($17.3M), and United States ($13.2M).

Between 2022 and 2023, the fastest growing importers of Sound Recording Equipment were Poland ($60M), Russia ($49.9M), Hong Kong ($33.7M), Brazil ($25.2M), and Slovakia ($17.4M).

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Exporters of Sound Recording Equipment (2022 - 2023)

Importers of Sound Recording Equipment (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sound Recording Equipment.

In 2023, market concentration measured using Shannon Entropy, was 2.79. This means that most of the exports of Sound Recording Equipment are explained by 6 countries.

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Value of Exports in Sound Recording Equipment

Net Trade

TOP NET EXPORTER (2023)China$2.1B
TOP NET IMPORTER (2023)United States$896M

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

In 2023, the countries that had a largest trade value in exports than in imports of Sound Recording Equipment were China ($2.1B), Vietnam ($388M), Malaysia ($121M), Chinese Taipei ($27.9M), and South Korea ($17.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Sound Recording Equipment were United States ($896M), Germany ($260M), France ($144M), United Kingdom ($126M), and Italy ($87.4M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Sound Recording Equipment, disaggragated by their HS6 level were Sound reproducing apparatus, non-recording, nes ($3.4B), Turntables, without record changers ($348M), Record-players with loudspeakers, nes ($45.7M), and Coin or disc-operated record-players ($363k)

HS6 Disaggregation for Sound Recording Equipment (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Sound Recording Equipment.
It is possible to select the main countries that export or import Sound Recording Equipment in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Sound Recording Equipment by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALHong Kong+ $14.4M
TOP IMPORT POTENTIALVietnam+ $5.99M

Sound Recording Equipment’s highest export potential is Hong Kong. With an export gap of $14.4M.  Sound Recording Equipment’s highest import potential is Vietnam with an import gap of $5.99M.

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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 Sound Recording Equipment.

Country by Relatedness

The following visualization shows the relatedness of Sound Recording Equipment 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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