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900510 (Harmonized System 1992 for 6-digit)

2022
World Trade $956MRnk 2251 / 4648
2022
Top Exporter | Top Importer $371M | $224MChina | United States
2022
Product Complexity 0.44Rnk 1744 / 4653
2021 - 2022
Export Growth (CAGR) 8.15%Rnk 1818 / 4648
2022
Share of World Trade 0.004%Rnk 2251 / 4648

About

Overview This page contains the latest trade data of Binoculars. In 2022, Binoculars were the world's 2251st most traded product, with a total trade of $956M. Between 2021 and 2022 the exports of Binoculars grew by 8.15%, from $884M to $956M. Trade in Binoculars represent 0.004% of total world trade.

Binoculars are a part of Binoculars and Telescopes.

Exports In 2022 the top exporters of Binoculars  were China ($371M), United States ($136M), Germany ($83.2M), Austria ($67.2M), and Hong Kong ($46.5M).

Imports In 2022 the top importers of Binoculars were United States ($224M), Germany ($88.8M), Australia ($68.2M), Japan ($59.9M), and Hong Kong ($46.3M).

Ranking Binoculars ranks 1744th in the Product Complexity Index (PCI).

Description Binoculars are instruments that allow a person to see objects that are far away. They are very useful for bird-watching, hunting, and viewing sporting events. Binoculars are used to see what might be happening on the field or in the sky.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Binoculars. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$371M
Top Destination (2022)United States$224M

In 2022 Binoculars were the world's 2251st most traded product (out of 4,648).

In 2022, the top exporters of Binoculars were China ($371M), United States ($136M), Germany ($83.2M), Austria ($67.2M), and Hong Kong ($46.5M).

In 2022, the top importers of Binoculars were United States ($224M), Germany ($88.8M), Australia ($68.2M), Japan ($59.9M), and Hong Kong ($46.3M).

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Exporters of Binoculars (2022)
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Importers of Binoculars (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$45.5M
Top Destination Growth (2021 -  2022)Australia$48.5M

Between 2021 and 2022, the exports of Binoculars grew the fastest in China ($45.5M), United States ($29.8M), Hong Kong ($16.8M), Philippines ($7.78M), and France ($4.31M).

Between 2021 and 2022, the fastest growing importers of Binoculars were Australia ($48.5M), Japan ($22M), Indonesia ($10.9M), Ukraine ($8.51M), and Germany ($7.13M).

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Exporters of Binoculars (2021 - 2022)

Importers of Binoculars (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Binoculars.

In 2022, market concentration measured using Shannon Entropy, was 3.41. This means that most of the exports of Binoculars are explained by 10 countries.

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Value of Exports in Binoculars

Net Trade

TOP NET EXPORTER (2022)China$362M
TOP NET IMPORTER (2022)United States$87.5M

This map shows which countries export or import more of Binoculars. Each country is colored based on the difference in exports and imports of Binoculars during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Binoculars were China ($362M), Austria ($51.5M), Philippines ($28.2M), Portugal ($20.5M), and Lithuania ($12.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Binoculars were United States ($87.5M), Australia ($65.1M), Canada ($29.6M), Japan ($28.9M), and Indonesia ($28.8M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Binoculars.
It is possible to select the main countries that export or import Binoculars in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Binoculars by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2022)

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