HS Icon Composite diagnostic or laboratory reagents, nes

382200 (Harmonized System 1992 for 6-digit)

World Trade (2018): $27.1B, Rnk 93 / 4726

Top Exporter (2018): $7.05B, United States

Top Importer (2018): $3.49B, United States

Export Growth (CAGR)(2017 - 2018): 7.4%, Rnk 3046 / 4726

Mean Tariff (2018): 3.43%, Rnk 5451 / 6538

Share of World Trade (2018): 0.15%, Rnk 93 / 4726

Overview:  This page contains the latest trade data of Composite diagnostic or laboratory reagents, nes. In 2018, Composite diagnostic or laboratory reagents, nes were the world's 93rd most traded product, with a total trade of $27.1B. Between 2017 and 2018 the exports of Composite diagnostic or laboratory reagents, nes grew by 7.4%, from  $25.2B to $27.1B. Trade in Composite diagnostic or laboratory reagents, nes represent 0.15% of total world trade.

Exports: In 2018 the top exporters of Composite diagnostic or laboratory reagents, nes  were United States ($7.05B), Germany ($4.46B), United Kingdom ($2.04B), Netherlands ($1.92B), and France ($1.35B).

Imports: In 2018 the top importers of Composite diagnostic or laboratory reagents, nes were United States ($3.49B), Germany ($3.1B), China ($2.18B), Netherlands ($1.58B), and France ($1.47B).

Tariffs: In 2018 the average tariff for Composite diagnostic or laboratory reagents, nes was 3.43%, been the 5451 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Composite diagnostic or laboratory reagents, nes are Bermuda (25%), Pakistan (19.5%), Azerbaijan (14.4%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $7.05B

Top Destination (2018): United States, $3.49B

Composite diagnostic or laboratory reagents, nes are the world's 93rd most traded product.

In 2018, the top exporters of Composite diagnostic or laboratory reagents, nes were United States ($7.05B), Germany ($4.46B), United Kingdom ($2.04B), Netherlands ($1.92B), and France ($1.35B).

In 2018, the top importers of Composite diagnostic or laboratory reagents, nes were United States ($3.49B), Germany ($3.1B), China ($2.18B), Netherlands ($1.58B), and France ($1.47B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $738M

Top Destination Growth (2017 - 2018): China, $461M

Between 2017 and 2018, the exports of Composite diagnostic or laboratory reagents, nes grew the fastest in Netherlands ($738M), United States ($377M), Ireland ($339M), Lithuania ($270M), and Singapore ($209M).

Between 2017 and 2018, the fastest growing importers of Composite diagnostic or laboratory reagents, nes were China ($461M), Brazil ($289M), Japan ($235M), Netherlands ($222M), and United States ($175M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Composite diagnostic or laboratory reagents, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Composite diagnostic or laboratory reagents, nes are explained by 15 countries.

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TOP NET EXPORTER (2018): United States, $3.56B

TOP NET IMPORTER (2018): China, $1.68B

This map shows which countries export or import more of Composite diagnostic or laboratory reagents, nes. Each country is colored based on the difference in exports and imports of Composite diagnostic or laboratory reagents, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Composite diagnostic or laboratory reagents, nes were United States ($3.56B), Germany ($1.36B), United Kingdom ($901M), Ireland ($776M), and Singapore ($695M).

In 2018, the countries that had a largest trade value in imports than in exports of Composite diagnostic or laboratory reagents, nes were China ($1.68B), Italy ($617M), Brazil ($419M), India ($347M), and Saudi Arabia ($335M).

Trade Forecasts

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This section shows forecasts for total trade for Composite diagnostic or laboratory reagents, nes. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Composite diagnostic or laboratory reagents, nes was 3.43%.  The countries with the highest tariffs for importing Composite diagnostic or laboratory reagents, nes were Bermuda (25%), Pakistan (19.5%), Azerbaijan (14.4%), Algeria (12.2%), and Aruba (12%).

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Product Complexity

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Diversification Frontier

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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.