Lasers, other than laser diodes
901320 (Harmonized System 1992 for 6-digit)
Overview: This page contains the latest trade data of Lasers, other than laser diodes. In 2019, Lasers, other than laser diodes were the world's 432nd most traded product, with a total trade of $7.31B. Between 2018 and 2019 the exports of Lasers, other than laser diodes decreased by -6.14%, from $7.79B to $7.31B. Trade in Lasers, other than laser diodes represent 0.04% of total world trade.
Exports: In 2019 the top exporters of Lasers, other than laser diodes were Germany ($1.8B), South Korea ($1.51B), United States ($1.33B), China ($557M), and United Kingdom ($345M).
Imports: In 2019 the top importers of Lasers, other than laser diodes were China ($2.41B), United States ($766M), Germany ($527M), Netherlands ($464M), and Japan ($441M).
Tariffs: In 2018 the average tariff for Lasers, other than laser diodes was 5.35%, making it the 3923rd lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Lasers, other than laser diodes are Bahamas (40.2%), Cambodia (35%), Ethiopia (29.7%), Bermuda (25%), and Jordan (23.4%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).
Ranking: Lasers, other than laser diodes ranks 134th in the Product Complexity Index (PCI).
Description: Lasers use light to produce an intense, directional beam of energy. Lasers are used in many fields, including medicine, manufacturing, defense, and entertainment.
Product Trade
#permalink to sectionExporters and Importers
#permalink to sectionTrade By Country
Lasers, other than laser diodes are the world's 432nd most traded product.
In 2019, the top exporters of Lasers, other than laser diodes were Germany ($1.8B), South Korea ($1.51B), United States ($1.33B), China ($557M), and United Kingdom ($345M).
In 2019, the top importers of Lasers, other than laser diodes were China ($2.41B), United States ($766M), Germany ($527M), Netherlands ($464M), and Japan ($441M).
Market Dynamics
#permalink to sectionTrade by country
Top Origin Growth (2018 - 2019): South Korea, $204M
Top Destination Growth (2018 - 2019): Canada, $16M
Between 2018 and 2019, the exports of Lasers, other than laser diodes grew the fastest in South Korea ($204M), Singapore ($29.2M), Slovenia ($28.2M), Israel ($15M), and Chinese Taipei ($12.5M).
Between 2018 and 2019, the fastest growing importers of Lasers, other than laser diodes were Canada ($16M), Vietnam ($9M), Netherlands ($8.9M), Saudi Arabia ($8.39M), and Belgium ($5.3M).
Market Concentration
#permalink to sectionCumulative market share
This chart shows the evolution of the market concentration of exports of Lasers, other than laser diodes.
In 2019, market concentration measured using Shannon Entropy, was 3.42. This means that most of the exports of Lasers, other than laser diodes are explained by 10 countries.
Net Trade
#permalink to sectionThis map shows which countries export or import more of Lasers, other than laser diodes. Each country is colored based on the difference in exports and imports of Lasers, other than laser diodes during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Lasers, other than laser diodes were Germany ($1.28B), South Korea ($1.11B), United States ($561M), United Kingdom ($207M), and Russia ($140M).
In 2019, the countries that had a largest trade value in imports than in exports of Lasers, other than laser diodes were China ($1.86B), Netherlands ($270M), Japan ($162M), Hong Kong ($156M), and Malaysia ($144M).
Tariffs
#permalink to sectionProduct Complexity
#permalink to sectionDiversification Frontier
#permalink to sectionThe 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.
