HS Icon LCDs

9013 (Harmonized System 1992 for 4-digit)

World Trade (2018): $62.4B, Rnk 46 / 1225

Top Exporter (2018): $21.1B, China

Top Importer (2018): $21.6B, China

Product Complexity (2018): 1.03, Rnk 165 / 1018

Export Growth (CAGR)(2017 - 2018): 4.18%, Rnk 991 / 1225

Mean Tariff (2018): 4.79%, Rnk 381 / 1259

Share of World Trade (2018): 0.34%, Rnk 46 / 1225

Overview: In 2018, LCDs were the world's 46th most traded product, with a total trade of $62.4B. Between 2017 and 2018 the exports of LCDs grew by 4.18%, from  $59.9B to $62.4B. Trade in LCDs represent 0.34% of total world trade.

Exports: In 2018 the top exporters of LCDs  were China ($21.1B), South Korea ($13.3B), Other Asia (Chinese Taipei) ($7.62B), Japan ($4.4B), and Germany ($3.07B).

Imports: In 2018 the top importers of LCDs were China ($21.6B), Hong Kong ($7.88B), Mexico ($3.94B), United States ($3.91B), and South Korea ($3.89B).

Tariffs: In 2018 the average tariff for LCDs was 4.79%, been the 381 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for LCDs are Bahamas (40.2%), Cambodia (35%), Ethiopia (29.7%), Bermuda (25%), and Sudan (21.9%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: LCDs ranks 165th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $21.1B

Top Destination (2018): China, $21.6B

LCDs are the world's 46th most traded product.

In 2018, the top exporters of LCDs were China ($21.1B), South Korea ($13.3B), Other Asia (Chinese Taipei) ($7.62B), Japan ($4.4B), and Germany ($3.07B).

In 2018, the top importers of LCDs were China ($21.6B), Hong Kong ($7.88B), Mexico ($3.94B), United States ($3.91B), and South Korea ($3.89B).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $5.96B

Top Destination Growth (2017 - 2018): Hong Kong, $3.05B

Between 2017 and 2018, the exports of LCDs grew the fastest in China ($5.96B), Vietnam ($1.05B), Mexico ($969M), United States ($735M), and Canada ($432M).

Between 2017 and 2018, the fastest growing importers of LCDs were Hong Kong ($3.05B), United States ($2.03B), Mexico ($1.34B), Poland ($768M), and Japan ($500M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of LCDs.

In 2018,  market concentration measured using Shannon Entropy, was 3.11. This means that most of the exports of LCDs are explained by 8 countries.

TOP NET EXPORTER (2018): South Korea, $9.38B

TOP NET IMPORTER (2018): Hong Kong, $7.52B

This map shows which countries export or import more of LCDs. Each country is colored based on the difference in exports and imports of LCDs during 2018.

In 2018, the countries that had a largest trade value in exports than imports of LCDs were South Korea ($9.38B), Other Asia (Chinese Taipei) ($6.39B), Japan ($2.69B), Germany ($1.45B), and Thailand ($794M).

In 2018, the countries that had a largest trade value in imports than exports of LCDs were Hong Kong ($7.52B), Mexico ($2.94B), Poland ($1.18B), Malaysia ($1.05B), and United States ($864M).

Trade Predictions

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This section shows predictions for total trade for LCDs. The Prediction is based in a Long Short-Term Memory Model constructed using annual trade data.

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Import Tariffs

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In 2018, the average tariff for importing LCDs was 4.79%.  The countries with the highest tariffs for importing LCDs were Bahamas (40.2%), Cambodia (35%), Ethiopia (29.7%), Bermuda (25%), and Sudan (21.9%).

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Product Complexity

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Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.