HS Icon Medical, surgical or laboratory sterilizers

841920 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.17B, Rnk 1863 / 4726

Top Exporter (2018): $149M, Italy

Top Importer (2018): $211M, United States

Product Complexity (2018): 1.05, Rnk 678 / 4873

Export Growth (CAGR)(2017 - 2018): 11.9%, Rnk 2376 / 4726

Mean Tariff (2018): 3.57%, Rnk 1134 / 6538

Share of World Trade (2018): 0.0063%, Rnk 1863 / 4726

Overview: In 2018, Medical, surgical or laboratory sterilizers were the world's 1863rd most traded product, with a total trade of $1.17B. Between 2017 and 2018 the exports of Medical, surgical or laboratory sterilizers grew by 11.9%, from  $1.04B to $1.17B. Trade in Medical, surgical or laboratory sterilizers represent 0.0063% of total world trade.

Exports: In 2018 the top exporters of Medical, surgical or laboratory sterilizers  were Italy ($149M), United States ($135M), Germany ($115M), China ($98M), and Mexico ($72.9M).

Imports: In 2018 the top importers of Medical, surgical or laboratory sterilizers were United States ($211M), China ($55.3M), Germany ($52.5M), France ($39.4M), and Canada ($37M).

Tariffs: In 2018 the average tariff for Medical, surgical or laboratory sterilizers was 3.57%, been the 1134 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Medical, surgical or laboratory sterilizers are Bahamas (40.2%), Bermuda (25%), Aruba (22%), Maldives (19.6%), and Venezuela (13.4%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Medical, surgical or laboratory sterilizers ranks 678th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Italy, $149M

Top Destination (2018): United States, $211M

Medical, surgical or laboratory sterilizers are the world's 1863rd most traded product.

In 2018, the top exporters of Medical, surgical or laboratory sterilizers were Italy ($149M), United States ($135M), Germany ($115M), China ($98M), and Mexico ($72.9M).

In 2018, the top importers of Medical, surgical or laboratory sterilizers were United States ($211M), China ($55.3M), Germany ($52.5M), France ($39.4M), and Canada ($37M).

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $27.8M

Top Destination Growth (2017 - 2018): Poland, $11.4M

Between 2017 and 2018, the exports of Medical, surgical or laboratory sterilizers grew the fastest in China ($27.8M), Italy ($20.4M), United Arab Emirates ($19.9M), United States ($18.3M), and Germany ($16M).

Between 2017 and 2018, the fastest growing importers of Medical, surgical or laboratory sterilizers were Poland ($11.4M), United States ($11.1M), Iran ($11M), Ireland ($9.35M), and France ($8.68M).

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Medical, surgical or laboratory sterilizers.

In 2018,  market concentration measured using Shannon Entropy, was 4.52. This means that most of the exports of Medical, surgical or laboratory sterilizers are explained by 22 countries.

TOP NET EXPORTER (2018): Italy, $137M

TOP NET IMPORTER (2018): United States, $76.6M

This map shows which countries export or import more of Medical, surgical or laboratory sterilizers. Each country is colored based on the difference in exports and imports of Medical, surgical or laboratory sterilizers during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Medical, surgical or laboratory sterilizers were Italy ($137M), Germany ($62M), Mexico ($54.8M), China ($42.7M), and Sweden ($40.6M).

In 2018, the countries that had a largest trade value in imports than exports of Medical, surgical or laboratory sterilizers were United States ($76.6M), Russia ($33.4M), Indonesia ($25.1M), France ($24.6M), and India ($22.3M).

Trade Predictions

#permalink to section

This section shows predictions for total trade for Medical, surgical or laboratory sterilizers. The Prediction is based in a Long Short-Term Memory Model constructed using annual trade data.

Explore Predictions

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Medical, surgical or laboratory sterilizers was 3.57%.  The countries with the highest tariffs for importing Medical, surgical or laboratory sterilizers were Bahamas (40.2%), Bermuda (25%), Aruba (22%), Maldives (19.6%), and Venezuela (13.4%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.