HS Icon Mirrors and Lenses

9002 (Harmonized System 1992 for 4-digit)

World Trade (2018): $14.5B, Rnk 252 / 1225

Top Exporter (2018): $2.66B, China

Top Importer (2018): $2.25B, China

Product Complexity (2018): 1.42, Rnk 60 / 1018

Export Growth (CAGR)(2017 - 2018): 15.3%, Rnk 502 / 1225

Mean Tariff (2018): 5.24%, Rnk 783 / 1259

Share of World Trade (2018): 0.079%, Rnk 252 / 1225

Overview:  This page contains the latest trade data of Mirrors and Lenses. In 2018, Mirrors and Lenses were the world's 252nd most traded product, with a total trade of $14.5B. Between 2017 and 2018 the exports of Mirrors and Lenses grew by 15.3%, from  $12.6B to $14.5B. Trade in Mirrors and Lenses represent 0.079% of total world trade.

Exports: In 2018 the top exporters of Mirrors and Lenses  were China ($2.66B), Japan ($2.49B), Germany ($2.39B), Chinese Taipei ($2.12B), and South Korea ($662M).

Imports: In 2018 the top importers of Mirrors and Lenses were China ($2.25B), Netherlands ($1.93B), Hong Kong ($1.59B), United States ($1.49B), and Vietnam ($998M).

Tariffs: In 2018 the average tariff for Mirrors and Lenses was 5.24%, been the 783 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Mirrors and Lenses are Cambodia (33%), Bahamas (27.1%), Ethiopia (25.8%), Algeria (25.5%), and Jordan (23.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Mirrors and Lenses ranks 60th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $2.66B

Top Destination (2018): China, $2.25B

Mirrors and Lenses are the world's 252nd most traded product.

In 2018, the top exporters of Mirrors and Lenses were China ($2.66B), Japan ($2.49B), Germany ($2.39B), Chinese Taipei ($2.12B), and South Korea ($662M).

In 2018, the top importers of Mirrors and Lenses were China ($2.25B), Netherlands ($1.93B), Hong Kong ($1.59B), United States ($1.49B), and Vietnam ($998M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $623M

Top Destination Growth (2017 - 2018): Hong Kong, $1.27B

Between 2017 and 2018, the exports of Mirrors and Lenses grew the fastest in Germany ($623M), China ($389M), Singapore ($269M), Thailand ($226M), and United States ($160M).

Between 2017 and 2018, the fastest growing importers of Mirrors and Lenses were Hong Kong ($1.27B), Vietnam ($470M), Netherlands ($378M), United States ($247M), and Singapore ($113M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Mirrors and Lenses.

In 2018,  market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Mirrors and Lenses are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Japan, $1.78B

TOP NET IMPORTER (2018): Netherlands, $1.49B

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

In 2018, the countries that had a largest trade value in exports than in imports of Mirrors and Lenses were Japan ($1.78B), Chinese Taipei ($1.76B), Germany ($1.59B), Thailand ($424M), and China ($409M).

In 2018, the countries that had a largest trade value in imports than in exports of Mirrors and Lenses were Netherlands ($1.49B), Hong Kong ($1.48B), United States ($928M), Vietnam ($557M), and South Korea ($314M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Mirrors and Lenses. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Mirrors and Lenses was 5.24%.  The countries with the highest tariffs for importing Mirrors and Lenses were Cambodia (33%), Bahamas (27.1%), Ethiopia (25.8%), Algeria (25.5%), and Jordan (23.4%).

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.