# HS 854140 Photosensitive global trade data overview | Yugalinks

Reported global trade in photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light emitting diodes reached $75.9B in 2024, with five-year annual growth of +7.5%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $47.4B | -8.3% | -12.1% |
| 2014 | $50.6B | +6.7% | -10.9% |
| 2015 | $52.0B | +2.8% | +0.2% |
| 2016 | $50.1B | -3.7% | +1.8% |
| 2017 | $49.0B | -2.1% | -1% |
| 2018 | $48.4B | -1.2% | -2.3% |
| 2019 | $52.9B | +9.1% | +1.8% |
| 2020 | $55.2B | +4.4% | +4% |
| 2021 | $69.9B | +26.6% | +13% |
| 2022 | $93.9B | +34.4% | +21.1% |
| 2023 | $95.3B | +1.5% | +20% |
| 2024 | $75.9B | -20.4% | +2.8% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $17.7B | +17.3% | 86 |
| China | $6.0B | -2.1% | 90 |
| India | $4.5B | +14.9% | 63 |
| Netherlands | $3.9B | +8.6% | 73 |
| Germany | $3.0B | +2.4% | 94 |
| Brazil | $2.7B | +18.5% | 57 |
| Viet Nam | $2.3B | -6.1% | 63 |
| Republic of Korea | $2.2B | -1% | 72 |
| Pakistan | $2.0B | +40.7% | 36 |
| Spain | $2.0B | +6.1% | 71 |
| Saudi Arabia | $1.8B | +68.5% | 54 |
| Japan | $1.7B | -12.2% | 52 |

_Source: reported merchandise trade data. Updated 2026-08-14._