HS Icon Spectacle lenses of glass

900140 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $364M, Rnk 3079 / 4648

2019
Top Exporter | Top Importer
: $122M | $47M, China | Italy

2019
Product Complexity
: 0.2, Rnk 2263 / 4826

2018 - 2019
Export Growth (CAGR)
: 18.1%, Rnk 214 / 4648

2018
Mean Tariff
: 5.37%, Rnk 3912 / 6538

 2019
Share of World Trade
: 0.002%, Rnk 3079 / 4648

Overview:  This page contains the latest trade data of Spectacle lenses of glass. In 2019, Spectacle lenses of glass were the world's 3079th most traded product, with a total trade of $364M. Between 2018 and 2019 the exports of Spectacle lenses of glass grew by 18.1%, from  $309M to $364M. Trade in Spectacle lenses of glass represent 0.002% of total world trade.

Exports: In 2019 the top exporters of Spectacle lenses of glass  were China ($122M), Chinese Taipei ($33M), Italy ($32.9M), Hungary ($17.8M), and France ($17.3M).

Imports: In 2019 the top importers of Spectacle lenses of glass were Italy ($47M), Hong Kong ($45.1M), Germany ($40.2M), China ($38.6M), and United States ($28M).

Tariffs: In 2018 the average tariff for Spectacle lenses of glass was 5.37%, making it the 3912th 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 2263rd in the Product Complexity Index (PCI).

Description: Spectacle lenses of glass are placed in front of the wearer's eyes and are used to correct their vision.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $122M

Top Destination (2019): Italy, $47M

Spectacle lenses of glass are the world's 3079th most traded product.

In 2019, the top exporters of Spectacle lenses of glass were China ($122M), Chinese Taipei ($33M), Italy ($32.9M), Hungary ($17.8M), and France ($17.3M).

In 2019, the top importers of Spectacle lenses of glass were Italy ($47M), Hong Kong ($45.1M), Germany ($40.2M), China ($38.6M), and United States ($28M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $47.8M

Top Destination Growth (2018 - 2019): China, $31.1M

Between 2018 and 2019, the exports of Spectacle lenses of glass grew the fastest in China ($47.8M), Chinese Taipei ($31.6M), Singapore ($7.38M), France ($3.58M), and Hungary ($2.65M).

Between 2018 and 2019, the fastest growing importers of Spectacle lenses of glass were China ($31.1M), Hong Kong ($24.1M), Iran ($9.47M), Italy ($7M), and Philippines ($6.68M).

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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 2019,  market concentration measured using Shannon Entropy, was 3.84. This means that most of the exports of Spectacle lenses of glass are explained by 14 countries.

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TOP NET EXPORTER (2019): China, $83.8M

TOP NET IMPORTER (2019): Hong Kong, $37.6M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Spectacle lenses of glass were China ($83.8M), Chinese Taipei ($31.4M), Hungary ($16.9M), Netherlands ($12.2M), and Singapore ($11.3M).

In 2019, the countries that had a largest trade value in imports than in exports of Spectacle lenses of glass were Hong Kong ($37.6M), Germany ($25.1M), United States ($21.6M), Italy ($14.1M), and Belgium ($10.4M).

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.