HS Icon Spectacle lenses of other materials

900150 (Harmonized System 1992 for 6-digit)

World Trade (2018): $5.95B, Rnk 545 / 4726

Top Exporter (2018): $1.1B, Thailand

Top Importer (2018): $964M, United States

Product Complexity (2018): 0.16, Rnk 1376 / 2722

Export Growth (CAGR)(2017 - 2018): 7.21%, Rnk 3068 / 4726

Mean Tariff (2018): 4.74%, Rnk 4351 / 6538

Share of World Trade (2018): 0.032%, Rnk 545 / 4726

Overview:  This page contains the latest trade data of Spectacle lenses of other materials. In 2018, Spectacle lenses of other materials were the world's 545th most traded product, with a total trade of $5.95B. Between 2017 and 2018 the exports of Spectacle lenses of other materials grew by 7.21%, from  $5.55B to $5.95B. Trade in Spectacle lenses of other materials represent 0.032% of total world trade.

Exports: In 2018 the top exporters of Spectacle lenses of other materials  were Thailand ($1.1B), China ($1.03B), Mexico ($437M), Philippines ($428M), and Germany ($405M).

Imports: In 2018 the top importers of Spectacle lenses of other materials were United States ($964M), Germany ($536M), France ($515M), United Kingdom ($257M), and Thailand ($246M).

Tariffs: In 2018 the average tariff for Spectacle lenses of other materials was 4.74%, been the 4351 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Spectacle lenses of other materials are Fiji (31.1%), Sudan (26.2%), Bermuda (25%), Algeria (24.3%), and Bahamas (20.1%). The countries with the lowest tariffs are Kenya (0%), Madagascar (0%), Mozambique (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Spectacle lenses of other materials ranks 1376th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Thailand, $1.1B

Top Destination (2018): United States, $964M

Spectacle lenses of other materials are the world's 545th most traded product.

In 2018, the top exporters of Spectacle lenses of other materials were Thailand ($1.1B), China ($1.03B), Mexico ($437M), Philippines ($428M), and Germany ($405M).

In 2018, the top importers of Spectacle lenses of other materials were United States ($964M), Germany ($536M), France ($515M), United Kingdom ($257M), and Thailand ($246M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Mexico, $121M

Top Destination Growth (2017 - 2018): United States, $137M

Between 2017 and 2018, the exports of Spectacle lenses of other materials grew the fastest in Mexico ($121M), Netherlands ($87.7M), United States ($83.3M), Vietnam ($75.5M), and Czechia ($58.3M).

Between 2017 and 2018, the fastest growing importers of Spectacle lenses of other materials were United States ($137M), Thailand ($97.8M), Germany ($49.6M), Czechia ($43.2M), and Spain ($31.9M).

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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 other materials.

In 2018,  market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Spectacle lenses of other materials are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $873M

TOP NET IMPORTER (2018): United States, $619M

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

In 2018, the countries that had a largest trade value in exports than in imports of Spectacle lenses of other materials were China ($873M), Thailand ($854M), Philippines ($373M), Mexico ($247M), and Vietnam ($111M).

In 2018, the countries that had a largest trade value in imports than in exports of Spectacle lenses of other materials were United States ($619M), France ($301M), United Kingdom ($179M), Hong Kong ($154M), and Germany ($131M).

Import Tariffs

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In 2018, the average tariff for importing Spectacle lenses of other materials was 4.74%.  The countries with the highest tariffs for importing Spectacle lenses of other materials were Fiji (31.1%), Sudan (26.2%), Bermuda (25%), Algeria (24.3%), and Bahamas (20.1%).

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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.