Top Sunglasses Exporters by Country

Beach sunglasses (courtesy of Pixabay.com)

Beach sunglasses (Pixabay)

Exports of sunglasses by country totaled US$7.1 billion in 2017. That dollar amount reflects a 20% increase for all sunglasses shippers over the five-year period starting in 2013. Year over year, the value of exported sunglasses appreciated by 2% from 2016 to 2017.

Among continents, European countries accounted for the highest dollar worth of exported sunglasses during 2017 with shipments valued at $3.8 billion or over half (53.9%) of globally exported sunglasses. In second place were sunglasses exporters in Asia at 39.4% while 6.1% 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 2017.

  1. Italy: US$2.7 billion (38.4% of total sunglasses exports)
  2. China: $1.7 billion (23.4%)
  3. Hong Kong: $823 million (11.6%)
  4. United States: $411.8 million (5.8%)
  5. France: $207 million (2.9%)
  6. Germany: $200.8 million (2.8%)
  7. United Kingdom: $169.7 million (2.4%)
  8. Netherlands: $141.8 million (2%)
  9. Japan: $124.4 million (1.8%)
  10. Taiwan: $82.6 million (1.2%)
  11. Spain: $81.6 million (1.1%)
  12. Switzerland: $46.9 million (0.7%)
  13. Austria: $41.2 million (0.6%)
  14. Czech Republic: $35.4 million (0.5%)
  15. South Korea: $34.7 million (0.5%)

The listed 15 countries shipped 95.6% of all exported sunglasses in 2017 by value.

Among the top exporters, the fastest-growing sunglasses exporters since 2013 were: South Korea (up 268.6%), Hong Kong (up 84.1%), Spain (up 70.4%) and Japan (up 47.2%).

Four countries posted declines in their exported sunglasses sales: Austria (down -22.6%), Switzerland (down -20.0%), Taiwan (down -10.9%) and France (down -9.1%).

Advantages

Listed below, 11 countries posted positive net exports in the international trade of sunglasses during 2017. 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$2.3 billion (net export surplus up 13.5% since 2013)
  2. China: $1.4 billion (up 23.6%)
  3. Taiwan: $52.6 million (down -28.2%)
  4. Hong Kong: $40 million (down -76.2%)
  5. Czech Republic: $4.7 million (reversing a -$4.6 million deficit)
  6. Slovenia: $3 million (down -66.9%)
  7. Barbados: $411,000 (reversing a -$383,000 deficit)
  8. Mauritius: $129,000 (down -94.1%)
  9. Nauru: $25,000 (down -56.1%)
  10. Christmas Island: $4,000 (no 2013 data)
  11. Chad: $2,000 (reversing a -$15,000 deficit)

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 2017. 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 7.2% since 2013)
  2. France: -$214.7 million (up 26.2%)
  3. Spain: -$198.2 million (up 11.8%)
  4. Canada: -$177.2 million (up 18.8%)
  5. United Kingdom: -$158.8 million (up 84.9%)
  6. South Korea: -$128.5 million (down -16.3%)
  7. Turkey: -$117.3 million (up 6.8%)
  8. Australia: -$108.7 million (down -9%)
  9. Germany: -$99.1 million (up 4.7%)
  10. Mexico: -$95.9 million (up 23.2%)
  11. United Arab Emirates: -$92.7 million (down -26.6%)
  12. Brazil: -$70 million (down -46.9%)
  13. India: -$63.7 million (up 28.3%)
  14. Switzerland: -$61.5 million (up 61.5%)
  15. Japan: -$57.7 million (down -3.3%)

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 September 12, 2018

Investopedia, Net Exports Definition. Accessed on September 12, 2018

The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on September 12, 2018

Trade Map, International Trade Centre. Accessed on September 12, 2018

Wikipedia, Sunglasses. Accessed on September 12, 2018