HS Code:
The category under HS Code 9005 includes binoculars, monoculars, other optical telescopes, and their mountings, as well as other astronomical instruments and their mountings, excluding instruments for radio-astronomy. It also covers parts and accessories for these products. These items are primarily used for observation purposes in fields such as astronomy, wildlife watching, sports, and military applications. The global trade of these products is influenced by technological advancements, demand for high-precision optics, and applications in both professional and recreational sectors.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for compact and lightweight binoculars
Increased production and export from Asian manufacturers catering to recreational users
2021-2022
Rising interest in amateur astronomy
Boost in sales of affordable telescopes and accessories in North America and Europe
2020-2022
Technological advancements in optical coatings and digital integration
Higher value products driving trade growth in developed markets like Germany and Japan
2019-2022
The United States imposed an additional 7.5% tariff on optical instruments from China under Section 301, citing unfair trade practices.
January 2023
Potential shift in supply chains towards other Asian countries like Vietnam and Taiwan
New EU regulations under the Green Deal mandate sustainable packaging for optical products, increasing compliance costs for exporters.
March 2023
Smaller exporters may face market entry barriers in the EU
Major Japanese manufacturers launched binoculars with integrated digital imaging and connectivity features.
June 2022
Increased demand for high-end products, benefiting Japanese and German exporters