HS Icon Felt Machinery

8449 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Felt Machinery. In 2020, Felt Machinery were the world's 713th most traded product, with a total trade of $1.98B. Between 2019 and 2020 the exports of Felt Machinery grew by 103%, from $978M to $1.98B. Trade in Felt Machinery represent 0.012% of total world trade.

Felt Machinery are a part of Machinery and appliances. They include Machinery for making felt, nonwovens, including hats.

Exports In 2020 the top exporters of Felt Machinery  were China ($1.25B), Germany ($312M), France ($99.2M), Italy ($68.8M), and Portugal ($51.1M).

Imports In 2020 the top importers of Felt Machinery were South Korea ($374M), China ($175M), United States ($150M), Turkey ($125M), and Vietnam ($117M).

Tariffs In 2018 the average tariff for Felt Machinery was 4.14%, making it the 974th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Felt Machinery are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Anguilla (20%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking Felt Machinery ranks 99th in the Product Complexity Index (PCI).

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Y-AXIS SCALE

The following visualization shows the latest trends on Felt Machinery. 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 (2020): China, $1.25B

Top Destination (2020): South Korea, $374M

Felt Machinery are the world's 713th most traded product.

In 2020, the top exporters of Felt Machinery were China ($1.25B), Germany ($312M), France ($99.2M), Italy ($68.8M), and Portugal ($51.1M).

In 2020, the top importers of Felt Machinery were South Korea ($374M), China ($175M), United States ($150M), Turkey ($125M), and Vietnam ($117M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): China, $1.08B

Top Destination Growth (2019 - 2020): South Korea, $353M

Between 2019 and 2020, the exports of Felt Machinery grew the fastest in China ($1.08B), Chinese Taipei ($26.6M), Japan ($23.7M), France ($7.22M), and Switzerland ($6.02M).

Between 2019 and 2020, the fastest growing importers of Felt Machinery were South Korea ($353M), United States ($70.8M), Vietnam ($69.7M), Thailand ($52.5M), and Germany ($45.9M).

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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 Felt Machinery.

In 2020,  market concentration measured using Shannon Entropy, was 2.09. This means that most of the exports of Felt Machinery are explained by 4 countries.

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TOP NET EXPORTER (2020): China, $1.08B

TOP NET IMPORTER (2020): South Korea, $363M

This map shows which countries export or import more of Felt Machinery. Each country is colored based on the difference in exports and imports of Felt Machinery during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Felt Machinery were China ($1.08B), Germany ($233M), France ($55.2M), Portugal ($30.8M), and Italy ($12.8M).

In 2020, the countries that had a largest trade value in imports than in exports of Felt Machinery were South Korea ($363M), United States ($128M), Turkey ($120M), Vietnam ($116M), and Thailand ($74.7M).

Disaggregation

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Value

In 2019, the world most traded Felt Machinery, disaggragated by their HS6 level were Machinery for making felt, nonwovens, including... ($1.98B)

Country Comparison

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Measure
Ranking

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

Import Tariffs

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In 2018, the average tariff for importing Felt Machinery was 4.14%. The countries with the highest tariffs for importing Felt Machinery were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Anguilla (20%).

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