HS Icon Binoculars

900510 (Harmonized System 1992 for 6-digit)

World Trade (2018): $680M, Rnk 2465 / 4726

Top Exporter (2018): $215M, China

Top Importer (2018): $159M, United States

Product Complexity (2018): 0.87, Rnk 997 / 4873

Export Growth (CAGR)(2017 - 2018): 0.73%, Rnk 3771 / 4726

Mean Tariff (2018): 8.66%, Rnk 2649 / 6538

Share of World Trade (2018): 0.0037%, Rnk 2465 / 4726

Overview:  This page contains the latest trade data of Binoculars. In 2018, Binoculars were the world's 2465th most traded product, with a total trade of $680M. Between 2017 and 2018 the exports of Binoculars grew by 0.73%, from  $675M to $680M. Trade in Binoculars represent 0.0037% of total world trade.

Exports: In 2018 the top exporters of Binoculars  were China ($215M), United States ($98M), Germany ($74.8M), France ($60.6M), and Austria ($50.4M).

Imports: In 2018 the top importers of Binoculars were United States ($159M), Saudi Arabia ($76.7M), Germany ($60M), Japan ($34.4M), and United Kingdom ($30.7M).

Tariffs: In 2018 the average tariff for Binoculars was 8.66%, been the 2649 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Binoculars are Bahamas (40.2%), Zimbabwe (36.5%), Cambodia (35%), Ethiopia (29.7%), and Uzbekistan (28.7%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Binoculars ranks 997th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $215M

Top Destination (2018): United States, $159M

Binoculars are the world's 2465th most traded product.

In 2018, the top exporters of Binoculars were China ($215M), United States ($98M), Germany ($74.8M), France ($60.6M), and Austria ($50.4M).

In 2018, the top importers of Binoculars were United States ($159M), Saudi Arabia ($76.7M), Germany ($60M), Japan ($34.4M), and United Kingdom ($30.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Austria, $18M

Top Destination Growth (2017 - 2018): Saudi Arabia, $50.6M

Between 2017 and 2018, the exports of Binoculars grew the fastest in Austria ($18M), Singapore ($9.77M), Hong Kong ($5.92M), United States ($5.91M), and Netherlands ($5.37M).

Between 2017 and 2018, the fastest growing importers of Binoculars were Saudi Arabia ($50.6M), United States ($16.7M), Indonesia ($15.5M), United Kingdom ($8.51M), and Ukraine ($6.54M).

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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 Binoculars.

In 2018,  market concentration measured using Shannon Entropy, was 3.53. This means that most of the exports of Binoculars are explained by 11 countries.

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TOP NET EXPORTER (2018): China, $210M

TOP NET IMPORTER (2018): Saudi Arabia, $76.7M

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

In 2018, the countries that had a largest trade value in exports than in imports of Binoculars were China ($210M), Austria ($41.4M), France ($40M), Germany ($14.8M), and Portugal ($11.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Binoculars were Saudi Arabia ($76.7M), United States ($60.5M), Indonesia ($19.7M), United Kingdom ($18.8M), and Canada ($12.5M).

Trade Forecasts

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This section shows forecasts for total trade for Binoculars. 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 Binoculars was 8.66%.  The countries with the highest tariffs for importing Binoculars were Bahamas (40.2%), Zimbabwe (36.5%), Cambodia (35%), Ethiopia (29.7%), and Uzbekistan (28.7%).

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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.