HS Code:
Spectrometers, spectrophotometers, and spectrographs using optical radiations (ultraviolet, visible, infrared) fall under HS Code 902730. These instruments are critical in scientific research, industrial applications, and quality control, used for analyzing the interaction between matter and electromagnetic radiation. They are essential in fields like chemistry, physics, biology, and environmental science for material characterization, chemical composition analysis, and more. The global trade of these instruments reflects the demand for advanced analytical tools driven by innovation in technology and industrial growth.
Total Trade Volume
Approximately $3.5 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) Reports
$850 million USD
24.3% of total trade of total trade
Increasing
$620 million USD
17.7% of total trade of total trade
Stable
$480 million USD
13.7% of total trade of total trade
Increasing
$350 million USD
10.0% of total trade of total trade
Increasing
$200 million USD
5.7% of total trade of total trade
Stable
Average Rate
4.5% ad valorem
Highest Rate
15% (in certain developing markets with protective policies)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Growing demand in environmental monitoring
Increased trade volume due to the need for precise instruments to measure pollutants and greenhouse gases
2021-2023
Advancements in portable spectrometry
Expansion of market reach to smaller laboratories and field applications, driving export growth
2020-2022
Rising R&D investments in pharmaceuticals
Higher demand for UV-Vis and IR spectrometers for drug development and quality control
2019-2023
Increased tariffs on Chinese-made scientific instruments by the US have led to supply chain disruptions and higher costs for end-users.
Mid-2022
Shift in sourcing to other countries like Japan and Germany, affecting trade patterns.
The EU has introduced subsidies and reduced tariffs on environmental monitoring equipment to support sustainability goals.
Early 2023
Boost in imports of spectrometers for environmental applications within EU member states.
New compact and affordable spectrographs have been introduced by leading manufacturers, targeting emerging markets.
Late 2022
Increased trade volume in developing economies due to lower price points and accessibility.