HS Icon Basketwork

Basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah

4602 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Basketwork. In 2021, Basketwork were the world's 693rd most traded product, with a total trade of $2.65B. Between 2020 and 2021 the exports of Basketwork grew by 28.3%, from $2.07B to $2.65B. Trade in Basketwork represent 0.013% of total world trade.

Basketwork are a part of Straw & esparto manufactures. They include Basketwork, wickerwork products of vegetable material and Basketwork and wickerwork products, non-vegetable.

Exports In 2021 the top exporters of Basketwork  were China ($1.21B), Vietnam ($422M), India ($164M), Indonesia ($135M), and Netherlands ($87.1M).

Imports In 2021 the top importers of Basketwork were United States ($820M), Germany ($222M), Netherlands ($182M), United Kingdom ($151M), and France ($132M).

Tariffs In 2018 the average tariff for Basketwork was 15.4%, making it the 179th lowest tariff using the HS4 product classification.

Ranking Basketwork ranks 937th in the Product Complexity Index (PCI).

Description Basketwork is made from plant fibers, such as straw or wicker. It is most often used to make containers for storage or to carry things. Wickerwork is also made from plant fibers, but it is crafted into furniture or other objects. Loofah articles are made from a type of fibrous plant that is typically used in bath sponges.

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Y-AXIS SCALE

The following visualization shows the latest trends on Basketwork. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): China, $1.21B

Top Destination (2021): United States, $820M

Basketwork are the world's 693rd most traded product.

In 2021, the top exporters of Basketwork were China ($1.21B), Vietnam ($422M), India ($164M), Indonesia ($135M), and Netherlands ($87.1M).

In 2021, the top importers of Basketwork were United States ($820M), Germany ($222M), Netherlands ($182M), United Kingdom ($151M), and France ($132M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): China, $193M

Top Destination Growth (2020 -  2021): United States, $181M

Between 2020 and 2021, the exports of Basketwork grew the fastest in China ($193M), Vietnam ($133M), India ($55.3M), Indonesia ($40M), and Netherlands ($25.8M).

Between 2020 and 2021, the fastest growing importers of Basketwork were United States ($181M), Netherlands ($55.8M), France ($41.2M), Germany ($36.4M), and Spain ($28.3M).

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Market Concentration

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Cumulative market share

Value

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

In 2021, market concentration measured using Shannon Entropy, was 3.22. This means that most of the exports of Basketwork are explained by 9 countries.

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TOP NET EXPORTER (2021): China, $1.2B

TOP NET IMPORTER (2021): United States, $808M

This map shows which countries export or import more of Basketwork. Each country is colored based on the difference in exports and imports of Basketwork during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Basketwork were China ($1.2B), Vietnam ($419M), India ($156M), Indonesia ($134M), and Philippines ($54.8M).

In 2021, the countries that had a largest trade value in imports than in exports of Basketwork were United States ($808M), Germany ($169M), United Kingdom ($129M), France ($109M), and Japan ($109M).

Disaggregation

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Value

In 2021, the world most traded Basketwork, disaggragated by their HS6 level were Basketwork, wickerwork products of vegetable material ($1.86B) and Basketwork and wickerwork products, non-vegetable ($785M)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Basketwork.
It is possible to select the main countries that export or import Basketwork in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Basketwork to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.