HS Icon Frames & mountings for spectacles etc, of plastic

900311 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.99B, Rnk 1006 / 4726

Top Exporter (2018): $1.15B, China

Top Importer (2018): $532M, United States

Product Complexity (2018): -0.11, Rnk 1631 / 2722

Export Growth (CAGR)(2017 - 2018): -3.01%, Rnk 4052 / 4726

Mean Tariff (2018): 7.63%, Rnk 2972 / 6538

Share of World Trade (2018): 0.016%, Rnk 1006 / 4726

Overview:  This page contains the latest trade data of Frames & mountings for spectacles etc, of plastic. In 2018, Frames & mountings for spectacles etc, of plastic were the world's 1006th most traded product, with a total trade of $2.99B. Between 2017 and 2018 the exports of Frames & mountings for spectacles etc, of plastic decreased by -3.01%, from  $3.09B to $2.99B. Trade in Frames & mountings for spectacles etc, of plastic represent 0.016% of total world trade.

Exports: In 2018 the top exporters of Frames & mountings for spectacles etc, of plastic  were China ($1.15B), Italy ($777M), Hong Kong ($196M), Netherlands ($104M), and United States ($80.6M).

Imports: In 2018 the top importers of Frames & mountings for spectacles etc, of plastic were United States ($532M), France ($282M), Italy ($255M), United Kingdom ($245M), and Hong Kong ($214M).

Tariffs: In 2018 the average tariff for Frames & mountings for spectacles etc, of plastic was 7.63%, making it the 2972nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Frames & mountings for spectacles etc, of plastic are Bahamas (40.2%), Sri Lanka (30%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Mozambique (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Singapore (0%).

Ranking: Frames & mountings for spectacles etc, of plastic ranks 1631st in the Product Complexity Index (PCI).

Description: A frame is the metal or plastic encasement that holds the lenses in place and protects the eyes. Frames also determine the shape of the wearer's face. A mounting is a device typically used in eyeglasses to hold the lens in place.

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.15B

Top Destination (2018): United States, $532M

Frames & mountings for spectacles etc, of plastic are the world's 1006th most traded product.

In 2018, the top exporters of Frames & mountings for spectacles etc, of plastic were China ($1.15B), Italy ($777M), Hong Kong ($196M), Netherlands ($104M), and United States ($80.6M).

In 2018, the top importers of Frames & mountings for spectacles etc, of plastic were United States ($532M), France ($282M), Italy ($255M), United Kingdom ($245M), and Hong Kong ($214M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $41.9M

Top Destination Growth (2017 - 2018): United Kingdom, $53.7M

Between 2017 and 2018, the exports of Frames & mountings for spectacles etc, of plastic grew the fastest in United States ($41.9M), Thailand ($29.2M), Spain ($28.1M), Netherlands ($20.2M), and Hungary ($14.8M).

Between 2017 and 2018, the fastest growing importers of Frames & mountings for spectacles etc, of plastic were United Kingdom ($53.7M), Hong Kong ($24.9M), Spain ($11.6M), Poland ($7.41M), and Thailand ($6.73M).

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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 Frames & mountings for spectacles etc, of plastic.

In 2018,  market concentration measured using Shannon Entropy, was 3.14. This means that most of the exports of Frames & mountings for spectacles etc, of plastic are explained by 8 countries.

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TOP NET EXPORTER (2018): China, $1.11B

TOP NET IMPORTER (2018): United States, $451M

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

In 2018, the countries that had a largest trade value in exports than in imports of Frames & mountings for spectacles etc, of plastic were China ($1.11B), Italy ($522M), South Korea ($49.7M), Denmark ($16.5M), and Slovenia ($11.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Frames & mountings for spectacles etc, of plastic were United States ($451M), France ($220M), United Kingdom ($192M), Germany ($122M), and Canada ($77.5M).

Import Tariffs

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In 2018, the average tariff for importing Frames & mountings for spectacles etc, of plastic was 7.63%.  The countries with the highest tariffs for importing Frames & mountings for spectacles etc, of plastic were Bahamas (40.2%), Sri Lanka (30%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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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.