Top Sunglasses Exporters by Country

Beach sunglasses (courtesy of Pixabay.com)

Beach sunglasses (Pixabay)

Sunglasses exports by country totaled US$7 billion in 2016, up by 29.8% for all sunglasses shippers over the five-year period starting in 2012. Year over year, the value of exported sunglasses appreciated by 14.4% from 2015 to 2016.

Among continents, European countries accounted for the highest dollar worth of exported sunglasses during 2016 with shipments valued at $3.7 billion or over half (53.2%) of globally exported sunglasses. In second place were exporters in Asia at 39.5% while 6.5% of worldwide sunglasses shipments originated from North America.

The 6-digit Harmonized Tariff System code prefix for sunglasses is 900410.

Top Sunglasses Exporters by Country

Countries

Below are the 15 countries that exported the highest dollar value worth of sunglasses during 2016:

  1. Italy: US$2.6 billion (37.9% of total sunglasses exports)
  2. China: $1.5 billion (22.2%)
  3. Hong Kong: $868 million (12.5%)
  4. United States: $438 million (6.3%)
  5. United Kingdom: $225.4 million (3.2%)
  6. France: $200.3 million (2.9%)
  7. Germany: $176.5 million (2.5%)
  8. Japan: $127.9 million (1.8%)
  9. Netherlands: $95.7 million (1.4%)
  10. Taiwan: $84.5 million (1.2%)
  11. Spain: $73.4 million (1.1%)
  12. Switzerland: $50.7 million (0.7%)
  13. Austria: $37 million (0.53%)
  14. Czech Republic: $36.2 million (0.52%)
  15. Singapore: $31 million (0.4%)

The listed 15 countries shipped 95.3% of all sunglasses exports in 2016 by value.

Among the above countries, the fastest-growing exporter of sunglasses since 2012 was the Czech Republic via its 91.1% gain in value since 2012. In second place was the United Kingdom (up 85.9%), followed by Hong Kong (up 80.5%), Spain (up 75.3%) and China (up 36.6%).

Bucking the upbeat trend were four decliners: France (down -1.1%), Taiwan (down -9.9%), Singapore (down -22.2%) and Austria (down -37.5%).

Advantages

Listed below, 11 countries posted positive net exports in the international trade of sunglasses during 2016. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported sunglasses and its import purchases for that same commodity.

  1. Italy: US$2.2 billion (net export surplus up 20.5% since 2012)
  2. China: $1.2 billion (up 27.9%)
  3. Hong Kong: $108.8 million (down -51%)
  4. Taiwan: $52.5 million (down -31.7%)
  5. Slovenia: $11.7 million (up 11%)
  6. Czech Republic: $8.7 million (reversing a -$15.5 million deficit)
  7. Mauritius: $736,000 (down -85.6%)
  8. Estonia: $460,000 (reversing a -1.3 million deficit)
  9. Nauru: $445,000 (reversing a -$3,000 deficit)
  10. Saint Lucia: $60,000 (reversing a -$178,000 deficit)
  11. Cocos (Keeling) Is: $3,000 (no 2012 data)

Sunglasses leader Italy has the highest surplus in the international trade of sunglasses. In turn, this positive cashflow confirms Italy’s strong competitive advantage for this specific product category.

Opportunities

The following countries posted the highest negative net exports for sunglasses during 2016. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported sunglasses purchases and its exports for that same commodity.

  1. United States: -US$1.1 billion (net export deficit up 20.4% since 2012)
  2. France: -$200 million (up 39.4%)
  3. Spain: -$177.8 million (up 12.7%)
  4. Canada: -$172.6 million (up 20.3%)
  5. South Korea: -$148.1 million (up 5.3%)
  6. United Kingdom: -$124.5 million (up 35.2%)
  7. Turkey: -$116.9 million (up 20.4%)
  8. Australia: -$106.4 million (down -14.5%)
  9. Mexico: -$95.6 million (up 21.8%)
  10. United Arab Emirates: -$93.9 million (down -16%)
  11. Switzerland: -$77.8 million (up 104.2%)
  12. Germany: -$71.4 million (down -28.8%)
  13. Brazil: -$70.3 million (down -34.7%)
  14. Thailand: -$58.7 million (up 35.1%)
  15. India: -$47.9 million (up 19.5%)

By far, the United States incurred the highest deficit in the international trade of sunglasses. This billion-dollar negative cashflow highlights America’s strong competitive disadvantages for this specific product category but also signals opportunities for sunglasses-supplying countries that help satisfy powerful US consumer demand.

Companies

Sunglasses Exporting Companies

According to global trading platform Alibaba, the following suppliers are examples of sunglasses-trading exporters.

  • Celeb Eyewear (United States)
  • ISP Professional Limited (Hong Kong)
  • Jie Hao Enterprise Ltd (Taiwan)
  • Kachi Global Pte Ltd (Singapore)
  • Kost International BV (Netherlands)
  • La Giardiniera-SRL (Italy)
  • Linhai Tangtian Trade Co, Ltd (China)
  • Seiko Industry Co, Ltd (Japan)

The home-country location for each business is shown within parentheses.



 

See also Top Exporters of Wigs, Beards and Eyelashes, Beauty Cosmetics and Skincare Exports by Country and Perfumes Exporters by Country

Research Sources:
Alibaba, Supplier showroom for sunglasses. Accessed on November 29, 2017

Investopedia, Net Exports Definition. Accessed on November 29, 2017

The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on November 29, 2017

Trade Map, International Trade Centre. Accessed on November 29, 2017

Wikipedia, Sunglasses. Accessed on November 29, 2017