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920290 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.04BRnk 2146 / 4648
2022
Top Exporter | Top Importer $435M | $233MChina | United States
2022
Product Complexity 0.27Rnk 2074 / 4653
2021 - 2022
Export Growth (CAGR) -5.31%Rnk 3595 / 4648
2022
Share of World Trade 0.0044%Rnk 2146 / 4648

About

Overview This page contains the latest trade data of String musical instruments nes. In 2022, String musical instruments nes were the world's 2146th most traded product, with a total trade of $1.04B. Between 2021 and 2022 the exports of String musical instruments nes decreased by -5.31%, from $1.1B to $1.04B. Trade in String musical instruments nes represent 0.0044% of total world trade.

String musical instruments nes are a part of String Instruments.

Exports In 2022 the top exporters of String musical instruments nes  were China ($435M), United States ($142M), Indonesia ($105M), Mexico ($96.5M), and Germany ($53.7M).

Imports In 2022 the top importers of String musical instruments nes were United States ($233M), Germany ($81.4M), Netherlands ($55.3M), United Kingdom ($51.7M), and France ($48.4M).

Ranking String musical instruments nes ranks 2074th in the Product Complexity Index (PCI).

Description String musical instruments are typically used in orchestral and chamber music to produce a full, rich sound. They are also commonly used in jazz and popular music.

Latest Trends

Latest Data

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The following visualization shows the latest trends on String musical instruments 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)China$435M
Top Destination (2022)United States$233M

In 2022 String musical instruments nes were the world's 2146th most traded product (out of 4,648).

In 2022, the top exporters of String musical instruments nes were China ($435M), United States ($142M), Indonesia ($105M), Mexico ($96.5M), and Germany ($53.7M).

In 2022, the top importers of String musical instruments nes were United States ($233M), Germany ($81.4M), Netherlands ($55.3M), United Kingdom ($51.7M), and France ($48.4M).

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Exporters of String musical instruments nes (2022)
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Importers of String musical instruments nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Germany$16.7M
Top Destination Growth (2021 -  2022)France$6.56M

Between 2021 and 2022, the exports of String musical instruments nes grew the fastest in Germany ($16.7M), Mexico ($15M), Japan ($3.42M), Singapore ($1.94M), and Vietnam ($925k).

Between 2021 and 2022, the fastest growing importers of String musical instruments nes were France ($6.56M), Canada ($6.1M), Thailand ($5.61M), India ($2.85M), and Mexico ($1.81M).

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Exporters of String musical instruments nes (2021 - 2022)

Importers of String musical instruments nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of String musical instruments nes.

In 2022, market concentration measured using Shannon Entropy, was 3.12. This means that most of the exports of String musical instruments nes are explained by 8 countries.

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Value of Exports in String musical instruments nes

Net Trade

TOP NET EXPORTER (2022)China$400M
TOP NET IMPORTER (2022)United States$91.6M

This map shows which countries export or import more of String musical instruments nes. Each country is colored based on the difference in exports and imports of String musical instruments nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of String musical instruments nes were China ($400M), Indonesia ($99.1M), Mexico ($87M), Bulgaria ($1.09M), and Romania ($1.05M).

In 2022, the countries that had a largest trade value in imports than in exports of String musical instruments nes were United States ($91.6M), United Kingdom ($39M), Canada ($34.6M), France ($31.4M), and Japan ($31.2M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of String musical instruments 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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