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560741 (Harmonized System 1992 for 6-digit)

2023
World Trade $306MRnk 3319 / 4644
2023
Top Exporter | Top Importer $105M | $53.1MPortugal | United States
2023
Product Complexity -0.75Rnk 3560 / 4656
2022 - 2023
Export Growth (CAGR) -18.3%Rnk 3541 / 4644
2023
Share of World Trade 0.0014%Rnk 3319 / 4644

About

Overview This page contains the latest trade data of Binder or baler twine, of polyethylene, polypropylene. In 2023, Binder or baler twine, of polyethylene, polypropylene were the world's 3319th most traded product, with a total trade of $306M. Between 2022 and 2023 the exports of Binder or baler twine, of polyethylene, polypropylene decreased by -18.3%, from $375M to $306M. Trade in Binder or baler twine, of polyethylene, polypropylene represent 0.0014% of total world trade.

Binder or baler twine, of polyethylene, polypropylene are a part of Twine and Rope.

Exports In 2023 the top exporters of Binder or baler twine, of polyethylene, polypropylene  were Portugal ($105M), Hungary ($36.2M), China ($23.4M), Vietnam ($20.5M), and Turkey ($14.3M).

Imports In 2023 the top importers of Binder or baler twine, of polyethylene, polypropylene were United States ($53.1M), France ($31.8M), Germany ($20.8M), Canada ($16.8M), and United Kingdom ($15.7M).

Ranking Binder or baler twine, of polyethylene, polypropylene ranks 3560th in the Product Complexity Index (PCI).

Description Binder or baler twine is a basic and common material for tying hay bales together. It is made from natural fibers like cotton, hemp, or jute. Polyethylene is used in the production of plastic bags and wraps. Polypropylene is used in the production of clothing.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Binder or baler twine, of polyethylene, polypropylene. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Portugal$105M
Top Destination (2023)United States$53.1M

In 2023 Binder or baler twine, of polyethylene, polypropylene were the world's 3319th most traded product (out of 4,644).

In 2023, the top exporters of Binder or baler twine, of polyethylene, polypropylene were Portugal ($105M), Hungary ($36.2M), China ($23.4M), Vietnam ($20.5M), and Turkey ($14.3M).

In 2023, the top importers of Binder or baler twine, of polyethylene, polypropylene were United States ($53.1M), France ($31.8M), Germany ($20.8M), Canada ($16.8M), and United Kingdom ($15.7M).

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Exporters of Binder or baler twine, of polyethylene, polypropylene (2023)
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Importers of Binder or baler twine, of polyethylene, polypropylene (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Russia$3.47M
Top Destination Growth (2022 -  2023)Saudi Arabia$4.3M

Between 2022 and 2023, the exports of Binder or baler twine, of polyethylene, polypropylene grew the fastest in Russia ($3.47M), Germany ($1.62M), Greece ($643k), India ($633k), and Thailand ($386k).

Between 2022 and 2023, the fastest growing importers of Binder or baler twine, of polyethylene, polypropylene were Saudi Arabia ($4.3M), Armenia ($2.53M), Philippines ($2.3M), Denmark ($1.5M), and Switzerland ($1.4M).

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Exporters of Binder or baler twine, of polyethylene, polypropylene (2022 - 2023)

Importers of Binder or baler twine, of polyethylene, polypropylene (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Binder or baler twine, of polyethylene, polypropylene.

In 2023, market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Binder or baler twine, of polyethylene, polypropylene are explained by 13 countries.

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Value of Exports in Binder or baler twine, of polyethylene, polypropylene

Net Trade

TOP NET EXPORTER (2023)Portugal$105M
TOP NET IMPORTER (2023)United States$48.2M

This map shows which countries export or import more of Binder or baler twine, of polyethylene, polypropylene. Each country is colored based on the difference in exports and imports of Binder or baler twine, of polyethylene, polypropylene during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Binder or baler twine, of polyethylene, polypropylene were Portugal ($105M), Hungary ($33.4M), China ($23.1M), Vietnam ($19.3M), and Russia ($11.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Binder or baler twine, of polyethylene, polypropylene were United States ($48.2M), France ($31.1M), Canada ($16.5M), United Kingdom ($15.4M), and Kazakhstan ($8.5M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Binder or baler twine, of polyethylene, polypropylene by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

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