HS Code:
Telescopic sights imported with rifles fall under the Harmonized System (HS) Code 9013.10, which covers telescopic sights for fitting to arms, including rifles. These are optical devices designed to enhance accuracy by magnifying the target and providing a clearer view for shooters. This category is critical for hunting, sport shooting, and military applications. The global trade of telescopic sights is influenced by factors such as regional demand for firearms, regulatory frameworks on weapons and accessories, and advancements in optical technology.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO) Reports
USD 450 million
37.5% of total trade of total trade
Increasing
USD 200 million
16.7% 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
Increasing
USD 80 million
6.7% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries with strict arms control policies)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Rising demand for precision shooting equipment
Increased imports in regions with growing hunting and sport shooting communities, particularly in North America and Europe.
2021-2022
Technological advancements in optics
Higher trade volumes for advanced telescopic sights with features like night vision and thermal imaging, driving competition among manufacturers.
2020-2022
Stricter regulations on firearms accessories
Some countries have tightened import controls, leading to a slight decline in trade in specific markets.
2019-2022
The United States extended tariff exemptions for certain optical equipment, including telescopic sights, under Section 301 trade remedies on Chinese imports.
March 2023
This has led to a surge in imports from China, benefiting US retailers and consumers with lower costs.
The European Union updated its dual-use export control list, adding stricter documentation for telescopic sights to prevent diversion to conflict zones.
September 2022
European exporters face increased compliance costs, potentially reducing trade volume to certain regions.
Major manufacturers in Japan and Germany unveiled new lightweight and durable telescopic sights, targeting the hunting and tactical markets.
January 2023
This innovation is expected to boost export figures for these countries as demand rises for high-quality products.