HS Code:
The lighting equipment category, classified under HS Code 9405, encompasses a wide range of products including lamps, light fittings, illuminated signs, and prefabricated lighting components used for both residential and commercial purposes. This category includes LED lights, chandeliers, street lighting, and other illumination devices, reflecting advancements in energy efficiency and smart technology integration.
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 and Smart Lighting
Increased demand for energy-efficient and IoT-integrated lighting solutions, driving innovation and market growth in sustainable products.
2020-2022
Rising Urbanization and Infrastructure Development
Growth in demand for street and commercial lighting in emerging economies due to rapid urbanization and government projects.
2019-2022
Supply Chain Disruptions
Shortages of semiconductor components for smart lighting have led to production delays and increased costs.
2021-2022
The European Union introduced stricter energy efficiency labeling for lighting products, phasing out less efficient traditional bulbs.
September 2021
Increased market entry barriers for non-compliant products, boosting demand for LED solutions.
The United States maintained additional tariffs on Chinese lighting products under Section 301, citing unfair trade practices.
March 2022
Shift in supply chains with manufacturers relocating to Vietnam and Mexico to avoid tariffs.
Ongoing shortages of chips have affected the production of smart lighting equipment, leading to price hikes.
Mid-2022
Delayed product launches and reduced availability of high-tech lighting solutions in key markets.