HS Icon Optical devices, appliances and instruments, nes

901380 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $36.1B, Rnk 62 / 4648

2019
Top Exporter | Top Importer
: $17.2B | $11.8B, China | China

2019
Product Complexity
: 1.33, Rnk 355 / 4826

2018 - 2019
Export Growth (CAGR)
: -24%, Rnk 4331 / 4648

2018
Mean Tariff
: 4.96%, Rnk 4172 / 6538

 2019
Share of World Trade
: 0.2%, Rnk 62 / 4648

Overview:  This page contains the latest trade data of Optical devices, appliances and instruments, nes. In 2019, Optical devices, appliances and instruments, nes were the world's 62nd most traded product, with a total trade of $36.1B. Between 2018 and 2019 the exports of Optical devices, appliances and instruments, nes decreased by -24%, from  $47.5B to $36.1B. Trade in Optical devices, appliances and instruments, nes represent 0.2% of total world trade.

Exports: In 2019 the top exporters of Optical devices, appliances and instruments, nes  were China ($17.2B), Chinese Taipei ($6.1B), South Korea ($5.44B), Japan ($2.79B), and Vietnam ($1.33B).

Imports: In 2019 the top importers of Optical devices, appliances and instruments, nes were China ($11.8B), Hong Kong ($5.5B), Mexico ($3.18B), Vietnam ($2.28B), and United States ($2.12B).

Tariffs: In 2018 the average tariff for Optical devices, appliances and instruments, nes was 4.96%, making it the 4172nd 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 355th in the Product Complexity Index (PCI).

Description: Optical devices, appliances and instruments are often utilized by dentists, physicians, and scientists, for a number of different purposes. These include but are not limited to: microscopes, which are used to focus on and magnify very small details of samples, such as cells; binoculars, which are used to increase the visual distance of objects; and cameras, which are used to capture images of objects and environments.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $17.2B

Top Destination (2019): China, $11.8B

Optical devices, appliances and instruments, nes are the world's 62nd most traded product.

In 2019, the top exporters of Optical devices, appliances and instruments, nes were China ($17.2B), Chinese Taipei ($6.1B), South Korea ($5.44B), Japan ($2.79B), and Vietnam ($1.33B).

In 2019, the top importers of Optical devices, appliances and instruments, nes were China ($11.8B), Hong Kong ($5.5B), Mexico ($3.18B), Vietnam ($2.28B), and United States ($2.12B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Thailand, $16.7M

Top Destination Growth (2018 - 2019): Ireland, $32.6M

Between 2018 and 2019, the exports of Optical devices, appliances and instruments, nes grew the fastest in Thailand ($16.7M), Netherlands ($11.1M), Sri Lanka ($8.44M), United Kingdom ($7.5M), and Sweden ($6.2M).

Between 2018 and 2019, the fastest growing importers of Optical devices, appliances and instruments, nes were Ireland ($32.6M), France ($23.1M), Netherlands ($21.1M), United Kingdom ($20.8M), and Indonesia ($17.7M).

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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 2019,  market concentration measured using Shannon Entropy, was 2.44. 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 (2019): Chinese Taipei, $5.42B

TOP NET IMPORTER (2019): Hong Kong, $5.29B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Optical devices, appliances and instruments, nes were Chinese Taipei ($5.42B), China ($5.42B), South Korea ($3.82B), Japan ($2.01B), and Canada ($267M).

In 2019, the countries that had a largest trade value in imports than in exports of Optical devices, appliances and instruments, nes were Hong Kong ($5.29B), Mexico ($2.39B), United States ($1.36B), Poland ($983M), and Vietnam ($957M).

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.