HS Code:
Rangefinders, classified under HS Code 9015.10, are optical instruments used to measure distances with high precision. They are widely utilized in surveying, navigation, military applications, photography, and sports such as golf. This category includes both laser and optical rangefinders, which vary in technology and application. The global trade of rangefinders is driven by demand in defense, construction, and consumer electronics sectors, with significant contributions from technological advancements in laser-based systems.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
5.5%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-US trade deals)
Growing demand for laser rangefinders in defense and surveying
Increased production and innovation in high-precision devices, driving trade volume growth by 8% annually
2021-2022
Rise in consumer-grade rangefinders for sports and outdoor activities
Expanded market for affordable rangefinders, boosting exports from China and South Korea by 10% in key regions
2020-2022
Integration of rangefinders with smart technologies
Emerging products with Bluetooth and app connectivity are creating new trade niches, particularly in the US and Europe
2022
A new bilateral agreement reduced tariffs on optical instruments, including rangefinders, from 8% to 3% for Chinese exports to the US.
March 2023
Expected to increase Chinese rangefinder exports to the US by 15% over the next two years.
The European Union introduced stricter safety regulations for laser rangefinders, requiring additional certifications for imports.
January 2023
Potential delays and increased costs for non-EU manufacturers, affecting trade flows by 5-7% in the short term.
A leading Japanese firm unveiled a new compact laser rangefinder with enhanced accuracy, targeting the consumer market.
September 2022
Likely to boost Japan's export share in the consumer segment by 10% in 2023.