HS Icon Photosensitive/photovoltaic/LED semiconductor devices

854140 (Harmonized System 1992 for 6-digit)

World Trade (2018): $41.7B, Rnk 54 / 4726

Top Exporter (2018): $18.4B, China

Top Importer (2018): $5.54B, China

Product Complexity (2018): 0.91, Rnk 926 / 4873

Export Growth (CAGR)(2017 - 2018): -2.1%, Rnk 3993 / 4726

Mean Tariff (2018): 2.71%, Rnk 5871 / 6538

Share of World Trade (2018): 0.23%, Rnk 54 / 4726

Overview:  This page contains the latest trade data of Photosensitive/photovoltaic/LED semiconductor devices. In 2018, Photosensitive/photovoltaic/LED semiconductor devices were the world's 54th most traded product, with a total trade of $41.7B. Between 2017 and 2018 the exports of Photosensitive/photovoltaic/LED semiconductor devices decreased by -2.1%, from  $42.6B to $41.7B. Trade in Photosensitive/photovoltaic/LED semiconductor devices represent 0.23% of total world trade.

Exports: In 2018 the top exporters of Photosensitive/photovoltaic/LED semiconductor devices  were China ($18.4B), South Korea ($4.34B), Chinese Taipei ($3.41B), Japan ($2.82B), and Germany ($2.61B).

Imports: In 2018 the top importers of Photosensitive/photovoltaic/LED semiconductor devices were China ($5.54B), Hong Kong ($3.39B), Japan ($2.89B), Germany ($2.88B), and India ($2.54B).

Tariffs: In 2018 the average tariff for Photosensitive/photovoltaic/LED semiconductor devices was 2.71%, been the 5871 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Photosensitive/photovoltaic/LED semiconductor devices are Samoa (20%), Uzbekistan (16.8%), Maldives (14.7%), Iran (12%), and Tunisia (10%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Egypt (0%), Ethiopia (0%), and Ghana (0%).

Ranking: Photosensitive/photovoltaic/LED semiconductor devices ranks 926th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $18.4B

Top Destination (2018): China, $5.54B

Photosensitive/photovoltaic/LED semiconductor devices are the world's 54th most traded product.

In 2018, the top exporters of Photosensitive/photovoltaic/LED semiconductor devices were China ($18.4B), South Korea ($4.34B), Chinese Taipei ($3.41B), Japan ($2.82B), and Germany ($2.61B).

In 2018, the top importers of Photosensitive/photovoltaic/LED semiconductor devices were China ($5.54B), Hong Kong ($3.39B), Japan ($2.89B), Germany ($2.88B), and India ($2.54B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $880M

Top Destination Growth (2017 - 2018): Vietnam, $1.07B

Between 2017 and 2018, the exports of Photosensitive/photovoltaic/LED semiconductor devices grew the fastest in China ($880M), Netherlands ($335M), Hong Kong ($189M), United States ($176M), and Singapore ($118M).

Between 2017 and 2018, the fastest growing importers of Photosensitive/photovoltaic/LED semiconductor devices were Vietnam ($1.07B), Hong Kong ($807M), Thailand ($772M), Australia ($642M), and Netherlands ($619M).

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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 Photosensitive/photovoltaic/LED semiconductor devices.

In 2018,  market concentration measured using Shannon Entropy, was 3.14. This means that most of the exports of Photosensitive/photovoltaic/LED semiconductor devices are explained by 8 countries.

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TOP NET EXPORTER (2018): China, $12.8B

TOP NET IMPORTER (2018): Hong Kong, $3.09B

This map shows which countries export or import more of Photosensitive/photovoltaic/LED semiconductor devices. Each country is colored based on the difference in exports and imports of Photosensitive/photovoltaic/LED semiconductor devices during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Photosensitive/photovoltaic/LED semiconductor devices were China ($12.8B), South Korea ($2.52B), Chinese Taipei ($2.34B), Malaysia ($1.59B), and Philippines ($492M).

In 2018, the countries that had a largest trade value in imports than in exports of Photosensitive/photovoltaic/LED semiconductor devices were Hong Kong ($3.09B), India ($2.47B), Mexico ($1.75B), Australia ($1.41B), and Netherlands ($1.05B).

Trade Forecasts

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This section shows forecasts for total trade for Photosensitive/photovoltaic/LED semiconductor devices. 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 Photosensitive/photovoltaic/LED semiconductor devices was 2.71%.  The countries with the highest tariffs for importing Photosensitive/photovoltaic/LED semiconductor devices were Samoa (20%), Uzbekistan (16.8%), Maldives (14.7%), Iran (12%), and Tunisia (10%).

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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.