# Musical instruments (HS2 92) Sector Trade Overview | Yugalinks

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Musical instruments at HS2 92, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs2/92

## Answer

The musical instruments sector recorded $7.4B in reported global trade in 2024, with -0.7% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $7.4B |
| Latest annual change | -0.7% |
| Active exporters | 194 |
| Active importers | 200 |
| Active HS6 products | 17 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $3.4B | 3,888 | 17 |
| 1996 | $3.4B | 4,025 | 17 |
| 1997 | $3.7B | 4,084 | 17 |
| 1998 | $3.4B | 4,095 | 17 |
| 1999 | $3.5B | 4,517 | 17 |
| 2000 | $3.8B | 5,247 | 17 |
| 2001 | $3.6B | 5,275 | 17 |
| 2002 | $3.7B | 5,361 | 17 |
| 2003 | $4.1B | 5,580 | 17 |
| 2004 | $4.7B | 5,793 | 17 |
| 2005 | $4.9B | 5,855 | 17 |
| 2006 | $5.1B | 6,119 | 17 |
| 2007 | $5.7B | 6,200 | 17 |
| 2008 | $6.4B | 6,252 | 17 |
| 2009 | $5.3B | 6,340 | 17 |
| 2010 | $5.8B | 6,377 | 17 |
| 2011 | $6.4B | 6,528 | 17 |
| 2012 | $6.5B | 6,559 | 17 |
| 2013 | $6.2B | 6,623 | 17 |
| 2014 | $6.4B | 6,923 | 17 |
| 2015 | $6.1B | 6,900 | 17 |
| 2016 | $6.1B | 7,098 | 17 |
| 2017 | $6.2B | 7,220 | 17 |
| 2018 | $6.8B | 7,370 | 17 |
| 2019 | $7.0B | 7,563 | 17 |
| 2020 | $6.6B | 7,235 | 17 |
| 2021 | $8.1B | 7,481 | 17 |
| 2022 | $8.2B | 7,850 | 17 |
| 2023 | $7.3B | 7,823 | 17 |
| 2024 | $7.4B | 7,763 | 17 |

## Growth and market structure

- Trend: Stable
- Three-year CAGR: -2.8%
- Five-year CAGR: +1.1%
- Historical peak: $8.2B in 2,022
- Positive-growth years: 69%
- Exporter concentration HHI: 2,313.1
- Importer concentration HHI: 855.3
- Trade volatility coefficient: 0.3

## Leading corridors

| Rank | Exporter | Importer | Trade value | Growth | HS6 products | Distance | FTA |
| ---: | --- | --- | ---: | ---: | ---: | ---: | --- |
| 1 | China | USA, Puerto Rico and US Virgin Islands | $584.3M | -2.9% | 17 | 11,883 km | No |
| 2 | China | Germany | $200.8M | -7% | 17 | 8,415 km | No |
| 3 | Indonesia | USA, Puerto Rico and US Virgin Islands | $190.5M | -0.5% | 16 | 16,181 km | No |
| 4 | Japan | USA, Puerto Rico and US Virgin Islands | $170.6M | +7.2% | 17 | 10,872 km | No |
| 5 | China | Japan | $130.1M | -5.3% | 17 | 1,763 km | No |
| 6 | China | Malaysia | $114.0M | +34.6% | 17 | 3,737 km | Yes |
| 7 | USA, Puerto Rico and US Virgin Islands | Netherlands | $108.4M | +6.9% | 17 | 5,877 km | No |
| 8 | Indonesia | Japan | $104.1M | -1.3% | 15 | 5,772 km | Yes |
| 9 | Japan | China | $102.9M | -20.9% | 17 | 1,763 km | No |
| 10 | Mexico | USA, Puerto Rico and US Virgin Islands | $102.5M | -2.1% | 15 | 3,359 km | Yes |

## Leading exporters

| Rank | Country | Exports | Partners | HS6 products |
| ---: | --- | ---: | ---: | ---: |
| 1 | China | $2.2B | 193 | 17 |
| 2 | USA, Puerto Rico and US Virgin Islands | $838.4M | 170 | 17 |
| 3 | Germany | $818.7M | 163 | 17 |
| 4 | Indonesia | $748.5M | 133 | 17 |
| 5 | Japan | $570.2M | 142 | 17 |
| 6 | France | $256.7M | 156 | 17 |
| 7 | Malaysia | $212.2M | 116 | 17 |
| 8 | Netherlands | $196.2M | 132 | 17 |
| 9 | Taiwan | $176.3M | 125 | 17 |
| 10 | Italy | $156.5M | 135 | 17 |

## Leading importers

| Rank | Country | Imports | Partners | HS6 products |
| ---: | --- | ---: | ---: | ---: |
| 1 | USA, Puerto Rico and US Virgin Islands | $1.6B | 130 | 17 |
| 2 | Germany | $698.6M | 119 | 17 |
| 3 | Japan | $482.4M | 85 | 17 |
| 4 | China | $338.5M | 85 | 17 |
| 5 | United Kingdom | $317.1M | 111 | 17 |
| 6 | France | $306.4M | 132 | 17 |
| 7 | Netherlands | $298.3M | 102 | 17 |
| 8 | Canada | $224.9M | 115 | 17 |
| 9 | Republic of Korea | $185.3M | 84 | 17 |
| 10 | Australia | $165.5M | 90 | 17 |

## HS6 products

- Musical instruments: pianos, upright, including automatic pianos (HS6 920110)
- Musical instruments: pianos, grand (HS6 920120)
- Musical instruments: harpsichords and other keyboard stringed instruments n.e.s. in heading no. 9201 (HS6 920190)
- Musical instruments: string, played with a bow (eg violins) (HS6 920210)
- Musical instruments: string, played other than with a bow (e.g. guitars and harps) (HS6 920290)
- Musical instruments: keyboard pipe organs, harmoniums and similar keyboard instruments with free metal reeds (HS6 920300)
- Musical instruments: accordions and similar instruments (HS6 920410)
- Musical instruments: mouth organs (HS6 920420)
- Musical instruments: wind, brass (e.g. trumpets) (HS6 920510)
- Musical instruments: wind, other than brass (eg clarinets, bagpipes) (HS6 920590)
- Musical instruments: percussion (e.g. drums, xylophones, cymbals, castanets, maracas) (HS6 920600)
- Musical instruments: keyboard, (other than accordions), the sound of which is produced or must be amplified electrically (HS6 920710)
- Musical instruments: (other than keyboard), the sound of which is produced or must be amplified electrically (HS6 920790)
- Musical boxes (HS6 920810)
- Fairground and mechanical street organs, mechanical singing birds, musical saws and musical instruments nes in chapter 92: decoy calls of all kinds: whistles: call horns and other mouth-blown sound signalling instruments (HS6 920890)
- Musical instruments: parts and accessories, metronomes, tuning forks and pitch pipes (HS6 920910)
- Musical boxes: parts, mechanisms (HS6 920920)
- Musical instrument strings (HS6 920930)
- Musical instruments: parts and accessories for pianos (HS6 920991)
- Musical instruments: parts and accessories for string musical instruments other than keyboard instruments (HS6 920992)
- Musical instruments: parts and accessories for non-stringed keyboard instruments (HS6 920993)
- Musical instruments: parts and accessories for the musical instruments the sound of which is produced or must be amplified electrically (e.g. organs, guitars and accordions) (HS6 920994)
- Musical instruments: parts and accessories for the musical instruments n.e.s. in heading no. 9209 and for other mechanical noise makers of chapter 92, n.e.s. in heading no. 9202 (HS6 920999)

## Definitions and coverage

Merchandise trade observations aggregated to HS2. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024. The data release was refreshed 2026-07-20 09:34:08.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.