HS Icon Spectacle lenses of glass

900140 (Harmonized System 1992 for 6-digit)

World Trade (2018): $303M, Rnk 3284 / 4726

Top Exporter (2018): $74.9M, China

Top Importer (2018): $40M, Italy

Product Complexity (2018): 0.038, Rnk 2559 / 4873

Export Growth (CAGR)(2017 - 2018): -0.72%, Rnk 3896 / 4726

Mean Tariff (2018): 5.37%, Rnk 3912 / 6538

Share of World Trade (2018): 0.0016%, Rnk 3284 / 4726

Overview:  This page contains the latest trade data of Spectacle lenses of glass. In 2018, Spectacle lenses of glass were the world's 3284th most traded product, with a total trade of $303M. Between 2017 and 2018 the exports of Spectacle lenses of glass decreased by -0.72%, from  $305M to $303M. Trade in Spectacle lenses of glass represent 0.0016% of total world trade.

Exports: In 2018 the top exporters of Spectacle lenses of glass  were China ($74.9M), Italy ($30.6M), Thailand ($20.8M), Netherlands ($19.1M), and Hungary ($15.1M).

Imports: In 2018 the top importers of Spectacle lenses of glass were Italy ($40M), Germany ($36.4M), United States ($30M), Hong Kong ($21M), and Spain ($20.1M).

Tariffs: In 2018 the average tariff for Spectacle lenses of glass was 5.37%, been the 3912 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Spectacle lenses of glass are Fiji (31.1%), Sri Lanka (30%), Sudan (26.2%), Algeria (25.6%), and Bermuda (25%). The countries with the lowest tariffs are Kenya (0%), Madagascar (0%), Mozambique (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Spectacle lenses of glass ranks 2559th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $74.9M

Top Destination (2018): Italy, $40M

Spectacle lenses of glass are the world's 3284th most traded product.

In 2018, the top exporters of Spectacle lenses of glass were China ($74.9M), Italy ($30.6M), Thailand ($20.8M), Netherlands ($19.1M), and Hungary ($15.1M).

In 2018, the top importers of Spectacle lenses of glass were Italy ($40M), Germany ($36.4M), United States ($30M), Hong Kong ($21M), and Spain ($20.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $8.15M

Top Destination Growth (2017 - 2018): United States, $9.33M

Between 2017 and 2018, the exports of Spectacle lenses of glass grew the fastest in Italy ($8.15M), Singapore ($3.97M), Spain ($3.48M), France ($3.01M), and Philippines ($2.79M).

Between 2017 and 2018, the fastest growing importers of Spectacle lenses of glass were United States ($9.33M), Belgium-Luxembourg ($7.63M), India ($4.41M), South Africa ($3.62M), and Vietnam ($3.61M).

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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 Spectacle lenses of glass.

In 2018,  market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Spectacle lenses of glass are explained by 18 countries.

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TOP NET EXPORTER (2018): China, $67.4M

TOP NET IMPORTER (2018): United States, $25.1M

This map shows which countries export or import more of Spectacle lenses of glass. Each country is colored based on the difference in exports and imports of Spectacle lenses of glass during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Spectacle lenses of glass were China ($67.4M), Thailand ($20.4M), Netherlands ($16.3M), Hungary ($14.6M), and Ireland ($6.37M).

In 2018, the countries that had a largest trade value in imports than in exports of Spectacle lenses of glass were United States ($25.1M), Germany ($22.1M), Spain ($15.1M), Belgium-Luxembourg ($13M), and Hong Kong ($12.4M).

Trade Forecasts

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This section shows forecasts for total trade for Spectacle lenses of glass. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Spectacle lenses of glass was 5.37%.  The countries with the highest tariffs for importing Spectacle lenses of glass were Fiji (31.1%), Sri Lanka (30%), Sudan (26.2%), Algeria (25.6%), 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.