HS Code:
The category 'Articles containing an optical lens or designed to contain such a lens' typically falls under HS Code 9002. This category includes a variety of products such as eyeglass lenses, camera lenses, microscope lenses, and other optical elements made of glass or other materials. These products are critical in industries like healthcare (for vision correction), photography, scientific research, and manufacturing (for precision instruments). The trade of optical lenses is driven by technological advancements, demand for high-quality imaging, and the growing prevalence of vision-related issues globally.
Total Trade Volume
USD 15.8 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for high-precision lenses in smartphones and cameras
Increased exports from technology-driven economies like Japan and South Korea due to the integration of advanced optical systems in consumer electronics.
2021-2022
Growth in vision correction products due to aging populations
Higher demand for eyeglass lenses in markets with aging demographics, such as Europe and North America, boosting trade volumes.
2020-2022
Shift towards sustainable and lightweight materials
Manufacturers are adopting eco-friendly materials and lightweight polymers, influencing production costs and trade dynamics.
2022
The EU and China finalized a bilateral agreement to reduce tariffs on optical lenses and related products, aiming to facilitate smoother trade and lower costs for European consumers.
March 2023
Expected to increase Chinese exports to the EU by 10-15% over the next two years.
The United States introduced stricter quality control measures for imported optical lenses, focusing on medical and industrial applications to ensure safety and precision.
January 2023
May lead to temporary delays in imports and higher compliance costs for exporters from developing countries.
A leading Japanese manufacturer announced a new anti-reflective coating technology for optical lenses, enhancing clarity and durability, particularly for camera and eyeglass lenses.
September 2022
Likely to strengthen Japan's position in the high-end optical lens market, driving export growth.