HS Icon Light Fixtures

9405 (Harmonized System 1992 for 4-digit)

World Trade (2018): $52.5B, Rnk 69 / 1225

Top Exporter (2018): $29.8B, China

Top Importer (2018): $12.9B, United States

Product Complexity (2018): 0.74, Rnk 269 / 1018

Export Growth (CAGR)(2017 - 2018): 10.7%, Rnk 737 / 1225

Mean Tariff (2018): 12.6%, Rnk 293 / 1259

Share of World Trade (2018): 0.29%, Rnk 69 / 1225

Overview: In 2018, Light Fixtures were the world's 69th most traded product, with a total trade of $52.5B. Between 2017 and 2018 the exports of Light Fixtures grew by 10.7%, from  $47.4B to $52.5B. Trade in Light Fixtures represent 0.29% of total world trade.

Exports: In 2018 the top exporters of Light Fixtures  were China ($29.8B), Germany ($3.41B), Mexico ($2.44B), Italy ($2.04B), and United States ($1.59B).

Imports: In 2018 the top importers of Light Fixtures were United States ($12.9B), Germany ($3.97B), France ($2.31B), United Kingdom ($2.15B), and Netherlands ($1.83B).

Tariffs: In 2018 the average tariff for Light Fixtures was 12.6%, been the 293 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Light Fixtures are Syria (39.5%), Iran (32.7%), Uzbekistan (28.6%), Algeria (27.6%), and Bahamas (27.3%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Papua New Guinea (0%).

Ranking: Light Fixtures ranks 269th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $29.8B

Top Destination (2018): United States, $12.9B

Light Fixtures are the world's 69th most traded product.

In 2018, the top exporters of Light Fixtures were China ($29.8B), Germany ($3.41B), Mexico ($2.44B), Italy ($2.04B), and United States ($1.59B).

In 2018, the top importers of Light Fixtures were United States ($12.9B), Germany ($3.97B), France ($2.31B), United Kingdom ($2.15B), and Netherlands ($1.83B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $2.43B

Top Destination Growth (2017 - 2018): United States, $969M

Between 2017 and 2018, the exports of Light Fixtures grew the fastest in China ($2.43B), Germany ($592M), United States ($364M), Netherlands ($266M), and Italy ($231M).

Between 2017 and 2018, the fastest growing importers of Light Fixtures were United States ($969M), Germany ($420M), Singapore ($408M), Netherlands ($399M), and Malaysia ($309M).

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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 Light Fixtures.

In 2018,  market concentration measured using Shannon Entropy, was 3.03. This means that most of the exports of Light Fixtures are explained by 8 countries.

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TOP NET EXPORTER (2018): China, $29.4B

TOP NET IMPORTER (2018): United States, $11.3B

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

In 2018, the countries that had a largest trade value in exports than in imports of Light Fixtures were China ($29.4B), Mexico ($1.53B), Italy ($885M), Hungary ($184M), and Poland ($144M).

In 2018, the countries that had a largest trade value in imports than in exports of Light Fixtures were United States ($11.3B), France ($1.44B), United Kingdom ($1.41B), Canada ($928M), and Australia ($874M).

Trade Forecasts

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This section shows forecasts for total trade for Light Fixtures. 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 Light Fixtures was 12.6%.  The countries with the highest tariffs for importing Light Fixtures were Syria (39.5%), Iran (32.7%), Uzbekistan (28.6%), Algeria (27.6%), and Bahamas (27.3%).

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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.