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Felt; whether or not impregnated, coated, covered or laminated

5602 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.39BRnk 864 / 1217
2023
Top Exporter | Top Importer $270M | $141MGermany | United States
2023
Product Complexity 0.53Rnk 360 / 1044
2022 - 2023
Export Growth (CAGR) -2.27%Rnk 479 / 1217
2023
Share of World Trade 0.0062%Rnk 864 / 1217

About

Overview This page contains the latest trade data of Felt. In 2023, Felt were the world's 864th most traded product, with a total trade of $1.39B. Between 2022 and 2023 the exports of Felt decreased by -2.27%, from $1.42B to $1.39B. Trade in Felt represent 0.0062% of total world trade.

Felt are a part of Wadding, felt, nonwovens, twin, ropes, & articles thereof. They include Needleloom felt and stitch-bonded fibre fabric, Felt, impregnated, coated, covered, or laminated, Felt, not of wool or hair, not impregnated or coated, and Felt not needleloom, wool/hair, not impregnated/coate.

Exports In 2023 the top exporters of Felt  were Germany ($270M), China ($255M), United States ($110M), Italy ($90.5M), and Turkey ($84.4M).

Imports In 2023 the top importers of Felt were United States ($141M), Germany ($79.7M), Mexico ($74M), Poland ($68.1M), and Czechia ($58.7M).

Ranking Felt ranks 360th in the Product Complexity Index (PCI).

Description Felt is a material made from wool, cotton, or synthetic fibers. Felt is used to make furniture, rugs, and other household items. Felt is also used in the production of clothing and automobile upholstery.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Felt. 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)Germany$270M
Top Destination (2023)United States$141M

In 2023 Felt were the world's 864th most traded product (out of 1,217).

In 2023, the top exporters of Felt were Germany ($270M), China ($255M), United States ($110M), Italy ($90.5M), and Turkey ($84.4M).

In 2023, the top importers of Felt were United States ($141M), Germany ($79.7M), Mexico ($74M), Poland ($68.1M), and Czechia ($58.7M).

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Exporters of Felt (2023)
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Importers of Felt (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$12.8M
Top Destination Growth (2022 -  2023)Italy$8.78M

Between 2022 and 2023, the exports of Felt grew the fastest in Germany ($12.8M), Turkey ($10.7M), Spain ($9.17M), Denmark ($5.13M), and Hungary ($4.37M).

Between 2022 and 2023, the fastest growing importers of Felt were Italy ($8.78M), Mexico ($7.3M), United Kingdom ($5.62M), Poland ($5.26M), and Austria ($4.26M).

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Exporters of Felt (2022 - 2023)

Importers of Felt (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Felt are explained by 18 countries.

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Value of Exports in Felt

Net Trade

TOP NET EXPORTER (2023)China$209M
TOP NET IMPORTER (2023)Poland$56.8M

This map shows which countries export or import more of Felt. Each country is colored based on the difference in exports and imports of Felt during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Felt were China ($209M), Germany ($191M), Italy ($54.8M), Turkey ($53.5M), and South Korea ($24.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Felt were Poland ($56.8M), Czechia ($41M), Mexico ($37.3M), United States ($31.7M), and Austria ($29.4M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Felt, disaggragated by their HS6 level were Needleloom felt and stitch-bonded fibre fabric ($833M), Felt, impregnated, coated, covered, or laminated ($272M), Felt, not of wool or hair,... ($194M), and Felt not needleloom, wool/hair, not impregnated/coate ($92.8M)

HS6 Disaggregation for Felt (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Felt by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALFrance+ $4.44M
TOP IMPORT POTENTIALChina+ $2.67M

Felt’s highest export potential is France. With an export gap of $4.44M.  Felt’s highest import potential is China with an import gap of $2.67M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Felt.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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