HS Code:
Optical telescopes, classified under HS Code 9005, include instruments used for observing distant objects by collecting and focusing light through lenses or mirrors. This category encompasses astronomical telescopes, spotting scopes, and other optical viewing devices, along with their parts and accessories. These products are crucial for scientific research, education, and recreational stargazing, with demand driven by advancements in astronomy, space exploration, and consumer interest in outdoor activities.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 300 million
25.0% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% 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-US trade pacts)
Growing consumer interest in amateur astronomy
Increased demand for affordable, portable telescopes in the consumer market, boosting trade volumes by 8% annually
2021-2022
Advancements in telescope technology
Rise in exports of high-end optical systems with digital integration and automated tracking, particularly from Germany and Japan
2020-2022
Space exploration initiatives
Government and institutional demand for professional-grade telescopes has driven imports in countries with active space programs like the US and China
2019-2022
A new bilateral agreement reduced tariffs on optical instruments, including telescopes, from 8% to 3% for Chinese exports to the US.
January 2023
Expected to increase Chinese telescope exports to the US by 10-15% in 2023, benefiting major manufacturers.
The European Union introduced stricter environmental standards for optical equipment manufacturing, requiring sustainable materials and lower carbon footprints.
March 2023
May raise production costs for exporters to the EU, potentially affecting smaller manufacturers in Asia.
Leading German and Japanese companies unveiled next-generation telescopes with AI-based star tracking at the 2023 International Astronomy Expo.
June 2023
Likely to drive a surge in demand for premium products, reinforcing Germany and Japan’s market positions.