HS Icon Contact lenses

900130 (Harmonized System 1992 for 6-digit)

World Trade (2018): $6.8B, Rnk 478 / 4726

Top Exporter (2018): $1.5B, Ireland

Top Importer (2018): $1.31B, Japan

Product Complexity (2018): 0.71, Rnk 1269 / 4873

Export Growth (CAGR)(2017 - 2018): 6.23%, Rnk 3183 / 4726

Mean Tariff (2018): 4.29%, Rnk 4718 / 6538

Share of World Trade (2018): 0.037%, Rnk 478 / 4726

Overview:  This page contains the latest trade data of Contact lenses. In 2018, Contact lenses were the world's 478th most traded product, with a total trade of $6.8B. Between 2017 and 2018 the exports of Contact lenses grew by 6.23%, from  $6.4B to $6.8B. Trade in Contact lenses represent 0.037% of total world trade.

Exports: In 2018 the top exporters of Contact lenses  were Ireland ($1.5B), United Kingdom ($1.02B), United States ($909M), Germany ($779M), and Chinese Taipei ($428M).

Imports: In 2018 the top importers of Contact lenses were Japan ($1.31B), United States ($911M), United Kingdom ($558M), Germany ($418M), and China ($351M).

Tariffs: In 2018 the average tariff for Contact lenses was 4.29%, been the 4718 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Contact lenses are Tunisia (20%), Samoa (20%), Venezuela (17.3%), Brazil (17.3%), and Argentina (17.3%). The countries with the lowest tariffs are Kenya (0%), Madagascar (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Contact lenses ranks 1269th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Ireland, $1.5B

Top Destination (2018): Japan, $1.31B

Contact lenses are the world's 478th most traded product.

In 2018, the top exporters of Contact lenses were Ireland ($1.5B), United Kingdom ($1.02B), United States ($909M), Germany ($779M), and Chinese Taipei ($428M).

In 2018, the top importers of Contact lenses were Japan ($1.31B), United States ($911M), United Kingdom ($558M), Germany ($418M), and China ($351M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Ireland, $106M

Top Destination Growth (2017 - 2018): China, $71.4M

Between 2017 and 2018, the exports of Contact lenses grew the fastest in Ireland ($106M), Belgium-Luxembourg ($104M), Chinese Taipei ($78.1M), Germany ($72M), and Singapore ($62.7M).

Between 2017 and 2018, the fastest growing importers of Contact lenses were China ($71.4M), United Kingdom ($67.7M), Japan ($49.8M), Hong Kong ($49.3M), and Italy ($43.7M).

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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 Contact lenses.

In 2018,  market concentration measured using Shannon Entropy, was 3.72. This means that most of the exports of Contact lenses are explained by 13 countries.

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TOP NET EXPORTER (2018): Ireland, $1.48B

TOP NET IMPORTER (2018): Japan, $1.29B

This map shows which countries export or import more of Contact lenses. Each country is colored based on the difference in exports and imports of Contact lenses during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Contact lenses were Ireland ($1.48B), United Kingdom ($465M), Germany ($361M), Chinese Taipei ($334M), and Malaysia ($222M).

In 2018, the countries that had a largest trade value in imports than in exports of Contact lenses were Japan ($1.29B), China ($340M), Italy ($225M), France ($182M), and Canada ($162M).

Trade Forecasts

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This section shows forecasts for total trade for Contact lenses. 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 Contact lenses was 4.29%.  The countries with the highest tariffs for importing Contact lenses were Tunisia (20%), Samoa (20%), Venezuela (17.3%), Brazil (17.3%), and Argentina (17.3%).

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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.