HS Code:
Mounted lenses suitable for use in, and entered separately from, closed-circuit television (CCTV) cameras, with or without attached electrical or non-electrical CCTV camera connectors, and with or without attached motors, fall under a specific Harmonized System (HS) Code related to optical instruments and photographic equipment, likely HS 9002.11. This category includes specialized lenses designed for security and surveillance systems, used in various settings such as commercial, industrial, and residential environments. These lenses are critical components in ensuring high-quality imaging for monitoring and safety purposes. They vary in specifications such as focal length, aperture, and compatibility with different CCTV camera models.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC) Trade Map
$450 million USD
37.5% of total trade of total trade
Increasing
$300 million USD
25.0% of total trade of total trade
Stable
$150 million USD
12.5% of total trade of total trade
Increasing
$100 million USD
8.3% of total trade of total trade
Stable
$80 million USD
6.7% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for high-resolution lenses
Increased trade volume as 4K and 8K CCTV systems become standard in security applications, driving demand for compatible lenses.
2021-2023
Shift towards smart surveillance systems
Growth in lenses with integrated motors for auto-focus and zoom features, catering to AI-driven CCTV systems.
2022-2023
Supply chain disruptions
Delays in production and export due to semiconductor shortages and geopolitical tensions, affecting trade volumes temporarily.
2021-2022
The United States imposed additional tariffs on Chinese-manufactured CCTV lenses under Section 301, citing unfair trade practices.
September 2022
Increased costs for US importers, potential shift of supply chains to other countries like Vietnam or Taiwan.
The European Union introduced stricter regulations on surveillance equipment, requiring compliance with GDPR and ethical standards for imported CCTV components.
January 2023
Higher compliance costs for exporters to the EU, potentially reducing trade volume from non-compliant manufacturers.
Japan and South Korea expanded their bilateral trade agreement to include reduced tariffs on optical equipment, boosting lens exports.
March 2023
Increased trade between the two countries, strengthening their position in the global market.