HS Code:
The category 'Other, designed for use solely with light-emitting diode (LED) light sources' (likely falling under HS Code 8539.50 or a related subheading) includes products such as LED lamps, modules, and fixtures that are specifically designed to operate with LED light sources. These products are distinct from traditional lighting solutions due to their energy efficiency, durability, and environmental benefits. They are widely used in residential, commercial, and industrial applications, contributing to the global shift towards sustainable lighting technologies. This category encompasses a variety of LED-specific components and systems that are not classified under broader lighting categories.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for smart LED lighting systems
Increased integration of IoT and automation in lighting solutions is driving market growth, especially in smart homes and cities, with a projected CAGR of 8.5% from 2022 to 2027.
2022-2027
Shift towards sustainable and energy-efficient solutions
Government policies and consumer awareness are accelerating the replacement of traditional lighting with LED solutions, reducing energy consumption globally by up to 40% in some sectors.
2021-2023
Supply chain diversification
Manufacturers are diversifying supply chains away from over-reliance on China due to geopolitical tensions and trade disruptions, boosting production in countries like Vietnam and India.
2020-2023
The European Union introduced updated Ecodesign regulations for LED lighting, mandating higher efficiency thresholds and recyclability standards to meet sustainability goals.
September 2023
This could increase production costs for manufacturers but is expected to boost consumer trust in high-quality, eco-friendly LED products.
Ongoing trade disputes have led to additional tariffs on Chinese LED components imported into the US, prompting companies to explore alternative sourcing options.
June 2023
Short-term price increases for US consumers and potential delays in supply chains, but long-term growth in domestic and alternative regional manufacturing.
New LED solutions tailored for agricultural applications, with spectrum-specific lighting for plant growth, have gained traction, especially in vertical farming industries.
March 2023
Expands market opportunities for LED manufacturers, with a projected increase in demand from the agricultural sector by 15% over the next five years.