HS Icon Optical devices, appliances and instruments, nes

901380 (Harmonized System 1992 for 6-digit)

World Trade (2018): $47B, Rnk 46 / 4726

Top Exporter (2018): $19B, China

Top Importer (2018): $16.9B, China

Product Complexity (2018): 1.24, Rnk 442 / 4873

Export Growth (CAGR)(2017 - 2018): 1.78%, Rnk 3672 / 4726

Mean Tariff (2018): 4.96%, Rnk 4172 / 6538

Share of World Trade (2018): 0.26%, Rnk 46 / 4726

Overview:  This page contains the latest trade data of Optical devices, appliances and instruments, nes. In 2018, Optical devices, appliances and instruments, nes were the world's 46th most traded product, with a total trade of $47B. Between 2017 and 2018 the exports of Optical devices, appliances and instruments, nes grew by 1.78%, from  $46.2B to $47B. Trade in Optical devices, appliances and instruments, nes represent 0.26% of total world trade.

Exports: In 2018 the top exporters of Optical devices, appliances and instruments, nes  were China ($19B), South Korea ($11.6B), Chinese Taipei ($6.82B), Japan ($3.5B), and Vietnam ($2.59B).

Imports: In 2018 the top importers of Optical devices, appliances and instruments, nes were China ($16.9B), Hong Kong ($6.54B), Mexico ($3.81B), Vietnam ($3.55B), and South Korea ($3.08B).

Tariffs: In 2018 the average tariff for Optical devices, appliances and instruments, nes was 4.96%, been the 4172 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Optical devices, appliances and instruments, nes are Bahamas (40.2%), Cambodia (35%), Ethiopia (29.7%), Iran (25%), and Bermuda (25%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Optical devices, appliances and instruments, nes ranks 442nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $19B

Top Destination (2018): China, $16.9B

Optical devices, appliances and instruments, nes are the world's 46th most traded product.

In 2018, the top exporters of Optical devices, appliances and instruments, nes were China ($19B), South Korea ($11.6B), Chinese Taipei ($6.82B), Japan ($3.5B), and Vietnam ($2.59B).

In 2018, the top importers of Optical devices, appliances and instruments, nes were China ($16.9B), Hong Kong ($6.54B), Mexico ($3.81B), Vietnam ($3.55B), and South Korea ($3.08B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $5.47B

Top Destination Growth (2017 - 2018): Hong Kong, $2.58B

Between 2017 and 2018, the exports of Optical devices, appliances and instruments, nes grew the fastest in China ($5.47B), Vietnam ($1.03B), Mexico ($965M), Canada ($398M), and United States ($295M).

Between 2017 and 2018, the fastest growing importers of Optical devices, appliances and instruments, nes were Hong Kong ($2.58B), United States ($1.56B), Mexico ($1.26B), Poland ($734M), and Brazil ($431M).

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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 Optical devices, appliances and instruments, nes.

In 2018,  market concentration measured using Shannon Entropy, was 2.48. This means that most of the exports of Optical devices, appliances and instruments, nes are explained by 5 countries.

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TOP NET EXPORTER (2018): South Korea, $8.53B

TOP NET IMPORTER (2018): Hong Kong, $6.29B

This map shows which countries export or import more of Optical devices, appliances and instruments, nes. Each country is colored based on the difference in exports and imports of Optical devices, appliances and instruments, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Optical devices, appliances and instruments, nes were South Korea ($8.53B), Chinese Taipei ($6.1B), Japan ($2.68B), China ($2.19B), and Canada ($401M).

In 2018, the countries that had a largest trade value in imports than in exports of Optical devices, appliances and instruments, nes were Hong Kong ($6.29B), Mexico ($2.82B), United States ($1.8B), Poland ($1.11B), and Vietnam ($966M).

Trade Forecasts

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This section shows forecasts for total trade for Optical devices, appliances and instruments, nes. 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 Optical devices, appliances and instruments, nes was 4.96%.  The countries with the highest tariffs for importing Optical devices, appliances and instruments, nes were Bahamas (40.2%), Cambodia (35%), Ethiopia (29.7%), Iran (25%), and Bermuda (25%).

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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.