HS Icon Parts and accessories of optical appliances nes

901390 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $5.32B, Rnk 588 / 4648

2019
Top Exporter | Top Importer
: $1.07B | $1.69B, China | China

2019
Product Complexity
: 0.53, Rnk 1622 / 4826

2018 - 2019
Export Growth (CAGR)
: -15.1%, Rnk 3936 / 4648

2018
Mean Tariff
: 4.27%, Rnk 4740 / 6538

 2019
Share of World Trade
: 0.029%, Rnk 588 / 4648

Overview:  This page contains the latest trade data of Parts and accessories of optical appliances nes. In 2019, Parts and accessories of optical appliances nes were the world's 588th most traded product, with a total trade of $5.32B. Between 2018 and 2019 the exports of Parts and accessories of optical appliances nes decreased by -15.1%, from  $6.27B to $5.32B. Trade in Parts and accessories of optical appliances nes represent 0.029% of total world trade.

Exports: In 2019 the top exporters of Parts and accessories of optical appliances nes  were China ($1.07B), Thailand ($1B), United States ($681M), Chinese Taipei ($584M), and Germany ($473M).

Imports: In 2019 the top importers of Parts and accessories of optical appliances nes were China ($1.69B), Hong Kong ($702M), United States ($355M), Chinese Taipei ($330M), and South Korea ($307M).

Tariffs: In 2018 the average tariff for Parts and accessories of optical appliances nes was 4.27%, making it the 4740th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts and accessories of optical appliances nes are Bahamas (40.2%), Cambodia (35%), Ethiopia (29.7%), Bermuda (25%), and Sudan (21.9%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Parts and accessories of optical appliances nes ranks 1622nd in the Product Complexity Index (PCI).

Description: Parts and accessories of optical appliances are typically used to improve the user's vision. For example, glasses are used to correct a person's vision, contact lenses are used to improve a person's vision, and surgery is used to improve a person's vision.

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): China, $1.07B

Top Destination (2019): China, $1.69B

Parts and accessories of optical appliances nes are the world's 588th most traded product.

In 2019, the top exporters of Parts and accessories of optical appliances nes were China ($1.07B), Thailand ($1B), United States ($681M), Chinese Taipei ($584M), and Germany ($473M).

In 2019, the top importers of Parts and accessories of optical appliances nes were China ($1.69B), Hong Kong ($702M), United States ($355M), Chinese Taipei ($330M), and South Korea ($307M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Singapore, $38.4M

Top Destination Growth (2018 - 2019): Israel, $23.4M

Between 2018 and 2019, the exports of Parts and accessories of optical appliances nes grew the fastest in Singapore ($38.4M), Greece ($23.8M), Belarus ($15.6M), Netherlands ($15.2M), and France ($12.3M).

Between 2018 and 2019, the fastest growing importers of Parts and accessories of optical appliances nes were Israel ($23.4M), Chinese Taipei ($20.5M), Poland ($14.4M), Italy ($8.93M), and Canada ($8.33M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Parts and accessories of optical appliances nes.

In 2019,  market concentration measured using Shannon Entropy, was 3.59. This means that most of the exports of Parts and accessories of optical appliances nes are explained by 12 countries.

Explore Visualizations

TOP NET EXPORTER (2019): Thailand, $956M

TOP NET IMPORTER (2019): Hong Kong, $659M

This map shows which countries export or import more of Parts and accessories of optical appliances nes. Each country is colored based on the difference in exports and imports of Parts and accessories of optical appliances nes during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Parts and accessories of optical appliances nes were Thailand ($956M), United States ($325M), Chinese Taipei ($254M), Japan ($180M), and Germany ($178M).

In 2019, the countries that had a largest trade value in imports than in exports of Parts and accessories of optical appliances nes were Hong Kong ($659M), China ($624M), South Korea ($136M), Mexico ($103M), and Netherlands ($58.4M).

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Parts and accessories of optical appliances nes was 4.27%.  The countries with the highest tariffs for importing Parts and accessories of optical appliances nes were Bahamas (40.2%), Cambodia (35%), Ethiopia (29.7%), Bermuda (25%), and Sudan (21.9%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.