HS Icon Parts of frames and mountings for spectacles etc

900390 (Harmonized System 1992 for 6-digit)

World Trade (2018): $583M, Rnk 2624 / 4726

Top Exporter (2018): $218M, China

Top Importer (2018): $130M, Italy

Product Complexity (2018): 0.0059, Rnk 2621 / 4873

Export Growth (CAGR)(2017 - 2018): 5.74%, Rnk 3247 / 4726

Mean Tariff (2018): 6.41%, Rnk 3423 / 6538

Share of World Trade (2018): 0.0032%, Rnk 2624 / 4726

Overview:  This page contains the latest trade data of Parts of frames and mountings for spectacles etc. In 2018, Parts of frames and mountings for spectacles etc were the world's 2624th most traded product, with a total trade of $583M. Between 2017 and 2018 the exports of Parts of frames and mountings for spectacles etc grew by 5.74%, from  $551M to $583M. Trade in Parts of frames and mountings for spectacles etc represent 0.0032% of total world trade.

Exports: In 2018 the top exporters of Parts of frames and mountings for spectacles etc  were China ($218M), Italy ($97.7M), Austria ($59.9M), Germany ($31M), and Czechia ($26M).

Imports: In 2018 the top importers of Parts of frames and mountings for spectacles etc were Italy ($130M), Hong Kong ($86.6M), Czechia ($41.3M), United States ($40.8M), and France ($30.1M).

Tariffs: In 2018 the average tariff for Parts of frames and mountings for spectacles etc was 6.41%, been the 3423 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of frames and mountings for spectacles etc are Bahamas (41.8%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Algeria (25.6%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Parts of frames and mountings for spectacles etc ranks 2621st in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $218M

Top Destination (2018): Italy, $130M

Parts of frames and mountings for spectacles etc are the world's 2624th most traded product.

In 2018, the top exporters of Parts of frames and mountings for spectacles etc were China ($218M), Italy ($97.7M), Austria ($59.9M), Germany ($31M), and Czechia ($26M).

In 2018, the top importers of Parts of frames and mountings for spectacles etc were Italy ($130M), Hong Kong ($86.6M), Czechia ($41.3M), United States ($40.8M), and France ($30.1M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $27.9M

Top Destination Growth (2017 - 2018): Italy, $18.5M

Between 2017 and 2018, the exports of Parts of frames and mountings for spectacles etc grew the fastest in Italy ($27.9M), United States ($10.4M), Austria ($5.32M), Switzerland ($5.21M), and Slovenia ($5.15M).

Between 2017 and 2018, the fastest growing importers of Parts of frames and mountings for spectacles etc were Italy ($18.5M), United States ($8.85M), Mexico ($6.76M), Slovenia ($4.78M), and Norway ($4.54M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Parts of frames and mountings for spectacles etc.

In 2018,  market concentration measured using Shannon Entropy, was 3.32. This means that most of the exports of Parts of frames and mountings for spectacles etc are explained by 9 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $195M

TOP NET IMPORTER (2018): Hong Kong, $65.9M

This map shows which countries export or import more of Parts of frames and mountings for spectacles etc. Each country is colored based on the difference in exports and imports of Parts of frames and mountings for spectacles etc during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts of frames and mountings for spectacles etc were China ($195M), Austria ($33.3M), Germany ($8.38M), Switzerland ($6.65M), and Denmark ($6.24M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts of frames and mountings for spectacles etc were Hong Kong ($65.9M), Italy ($31.8M), United States ($25.4M), France ($21M), and Brazil ($19.9M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Parts of frames and mountings for spectacles etc. 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 Parts of frames and mountings for spectacles etc was 6.41%.  The countries with the highest tariffs for importing Parts of frames and mountings for spectacles etc were Bahamas (41.8%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Algeria (25.6%).

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.