HS Code:
The 'Exceeding 80 nm (301)' category, typically classified under HS Code 8541.40 (assumed for this context as specific HS code was not provided), pertains to photosensitive semiconductor devices, including photovoltaic cells whether or not assembled in modules or made up into panels, with a wavelength exceeding 80 nanometers. This category is crucial in industries such as renewable energy, telecommunications, and advanced electronics, where such components are integral for solar energy solutions and optical sensing technologies.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.2%
Highest Rate
8.5% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for renewable energy solutions
Increased export of photovoltaic cells and modules, especially from China and South Korea, due to global push for sustainable energy sources.
2021-2022
Technological advancements in semiconductor efficiency
Higher efficiency products are driving market competition, with countries like Japan and Germany focusing on R&D, impacting trade dynamics by increasing value per unit.
2020-2022
Supply chain disruptions due to geopolitical tensions
Trade volumes faced temporary declines in 2022 due to US-China trade tensions and restrictions on semiconductor exports, pushing diversification of supply chains to countries like Vietnam and Malaysia.
2022
The United States introduced additional tariffs on Chinese-made photovoltaic cells under Section 301, citing unfair trade practices and overcapacity concerns.
June 2023
Expected to reduce Chinese imports by 15-20% in the short term, while boosting domestic production and alternative sourcing from Southeast Asia.
The European Union's Green Deal initiatives have led to relaxed import regulations and subsidies for solar energy components to meet 2030 renewable energy targets.
March 2023
Increased trade volume by 10% for key exporters like China and Germany into the EU market.
A Japanese consortium unveiled a new photovoltaic cell design exceeding 80 nm with 30% higher efficiency, setting a new industry standard.
September 2023
Likely to shift market preference towards Japanese exports, influencing trade patterns in the coming years.