HS Icon Photosensitive/photovoltaic/LED semiconductor devices

854140 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $54.1B, Rnk 41 / 4648

2019
Top Exporter | Top Importer
: $23.3B | $8.31B, China | United States

2019
Product Complexity
: 0.93, Rnk 894 / 4826

2018 - 2019
Export Growth (CAGR)
: 8.34%, Rnk 511 / 4648

2018
Mean Tariff
: 2.71%, Rnk 5871 / 6538

 2019
Share of World Trade
: 0.3%, Rnk 41 / 4648

Overview:  This page contains the latest trade data of Photosensitive/photovoltaic/LED semiconductor devices. In 2019, Photosensitive/photovoltaic/LED semiconductor devices were the world's 41st most traded product, with a total trade of $54.1B. Between 2018 and 2019 the exports of Photosensitive/photovoltaic/LED semiconductor devices grew by 8.34%, from  $49.9B to $54.1B. Trade in Photosensitive/photovoltaic/LED semiconductor devices represent 0.3% of total world trade.

Exports: In 2019 the top exporters of Photosensitive/photovoltaic/LED semiconductor devices  were China ($23.3B), Malaysia ($5.31B), Japan ($3.98B), South Korea ($3.51B), and Vietnam ($3.15B).

Imports: In 2019 the top importers of Photosensitive/photovoltaic/LED semiconductor devices were United States ($8.31B), Hong Kong ($4.79B), China ($4.14B), Vietnam ($3.25B), and Japan ($3.25B).

Tariffs: In 2018 the average tariff for Photosensitive/photovoltaic/LED semiconductor devices was 2.71%, making it the 5871st lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Photosensitive/photovoltaic/LED semiconductor devices are Samoa (20%), Uzbekistan (16.8%), Maldives (14.7%), Iran (12%), and Tunisia (10%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Egypt (0%), Ethiopia (0%), and Ghana (0%).

Ranking: Photosensitive/photovoltaic/LED semiconductor devices ranks 894th in the Product Complexity Index (PCI).

Description: Photo-sensitive semiconductors are used in solar panels for power. Photovoltaic semiconductors are used in solar panels for power. Light-emitting diodes are used as lights, traffic lights, and many other applications.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $23.3B

Top Destination (2019): United States, $8.31B

Photosensitive/photovoltaic/LED semiconductor devices are the world's 41st most traded product.

In 2019, the top exporters of Photosensitive/photovoltaic/LED semiconductor devices were China ($23.3B), Malaysia ($5.31B), Japan ($3.98B), South Korea ($3.51B), and Vietnam ($3.15B).

In 2019, the top importers of Photosensitive/photovoltaic/LED semiconductor devices were United States ($8.31B), Hong Kong ($4.79B), China ($4.14B), Vietnam ($3.25B), and Japan ($3.25B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $4.95B

Top Destination Growth (2018 - 2019): United States, $3.56B

Between 2018 and 2019, the exports of Photosensitive/photovoltaic/LED semiconductor devices grew the fastest in China ($4.95B), Vietnam ($1.25B), Malaysia ($420M), Portugal ($193M), and Turkey ($127M).

Between 2018 and 2019, the fastest growing importers of Photosensitive/photovoltaic/LED semiconductor devices were United States ($3.56B), Vietnam ($1.34B), Spain ($867M), Netherlands ($658M), and Brazil ($445M).

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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 Photosensitive/photovoltaic/LED semiconductor devices.

In 2019,  market concentration measured using Shannon Entropy, was 3.23. This means that most of the exports of Photosensitive/photovoltaic/LED semiconductor devices are explained by 9 countries.

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TOP NET EXPORTER (2019): China, $19.2B

TOP NET IMPORTER (2019): United States, $6.46B

This map shows which countries export or import more of Photosensitive/photovoltaic/LED semiconductor devices. Each country is colored based on the difference in exports and imports of Photosensitive/photovoltaic/LED semiconductor devices during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Photosensitive/photovoltaic/LED semiconductor devices were China ($19.2B), Malaysia ($4.53B), Chinese Taipei ($1.52B), South Korea ($1.4B), and Japan ($729M).

In 2019, the countries that had a largest trade value in imports than in exports of Photosensitive/photovoltaic/LED semiconductor devices were United States ($6.46B), Hong Kong ($4.31B), India ($2B), Netherlands ($1.95B), and Australia ($1.44B).

Import Tariffs

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In 2018, the average tariff for importing Photosensitive/photovoltaic/LED semiconductor devices was 2.71%.  The countries with the highest tariffs for importing Photosensitive/photovoltaic/LED semiconductor devices were Samoa (20%), Uzbekistan (16.8%), Maldives (14.7%), Iran (12%), and Tunisia (10%).

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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.