HS Code:
The category of Luminaires and lighting fittings, including searchlights, spotlights, and parts thereof, not elsewhere specified or included, as well as illuminated signs and nameplates with a permanently fixed light source (HS Code: 9405), encompasses a wide range of lighting products used for residential, commercial, industrial, and outdoor applications. This category includes items like chandeliers, ceiling or wall lighting fittings, portable electric lamps, and illuminated advertising signs. These products are essential for infrastructure development, urbanization, and energy-efficient lighting solutions globally.
Total Trade Volume
USD 45.6 billion
Data from 2022
Source
United Nations Comtrade Database
USD 18.2 billion
40.0% of total trade of total trade
Increasing
USD 4.5 billion
9.9% of total trade of total trade
Stable
USD 3.8 billion
8.3% of total trade of total trade
Increasing
USD 2.9 billion
6.4% of total trade of total trade
Stable
USD 2.1 billion
4.6% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Shift to LED Technology
Increased demand for energy-efficient luminaires, reducing energy consumption and driving innovation in smart lighting systems.
2020-2023
Growth in Smart Lighting
Rising integration of IoT in lighting solutions for homes and commercial spaces, boosting demand for connected lighting fittings.
2021-2023
Sustainability Focus
Manufacturers adopting eco-friendly materials and recyclable components to meet regulatory and consumer demands.
2019-2023
The European Union implemented stricter energy efficiency standards under the Ecodesign Directive, phasing out less efficient lighting products.
September 2023
Increased production costs for non-compliant manufacturers but boosted demand for LED and sustainable lighting solutions.
The US imposed additional tariffs on Chinese lighting products as part of ongoing trade disputes, prompting supply chain diversification.
Mid-2022
Shift in imports to alternative suppliers like Vietnam and Mexico, increasing costs for US consumers.
Post-COVID supply chain challenges, including raw material shortages and shipping delays, impacted the availability of lighting products.
2021-2022
Temporary price hikes and delays in project timelines for infrastructure and construction sectors.