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560229 (Harmonized System 1992 for 6-digit)

2023
World Trade $194MRnk 3682 / 4644
2023
Top Exporter | Top Importer $46.9M | $25.4MChina | United States
2023
Product Complexity 0.075Rnk 2428 / 4656
2022 - 2023
Export Growth (CAGR) -3.16%Rnk 1875 / 4644
2023
Share of World Trade 0.00086%Rnk 3682 / 4644

About

Overview This page contains the latest trade data of Felt, not of wool or hair, not impregnated or coated. In 2023, Felt, not of wool or hair, not impregnated or coated were the world's 3682nd most traded product, with a total trade of $194M. Between 2022 and 2023 the exports of Felt, not of wool or hair, not impregnated or coated decreased by -3.16%, from $200M to $194M. Trade in Felt, not of wool or hair, not impregnated or coated represent 0.00086% of total world trade.

Felt, not of wool or hair, not impregnated or coated are a part of Felt.

Exports In 2023 the top exporters of Felt, not of wool or hair, not impregnated or coated  were China ($46.9M), Turkey ($27.6M), United States ($18.8M), Mexico ($17.2M), and Denmark ($13.9M).

Imports In 2023 the top importers of Felt, not of wool or hair, not impregnated or coated were United States ($25.4M), Sweden ($13.2M), Mexico ($12.8M), Czechia ($7.84M), and United Kingdom ($6.73M).

Ranking Felt, not of wool or hair, not impregnated or coated ranks 2428th in the Product Complexity Index (PCI).

Description Felt is used to make clothing, hats, seat coverings, and other items. It is made by matting wool, fur, or animal hair, and then pressing it with heat and moisture. Felt is also used as a waterproof lining in shoes or boots.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Felt, not of wool or hair, not impregnated or coated. 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)China$46.9M
Top Destination (2023)United States$25.4M

In 2023 Felt, not of wool or hair, not impregnated or coated were the world's 3682nd most traded product (out of 4,644).

In 2023, the top exporters of Felt, not of wool or hair, not impregnated or coated were China ($46.9M), Turkey ($27.6M), United States ($18.8M), Mexico ($17.2M), and Denmark ($13.9M).

In 2023, the top importers of Felt, not of wool or hair, not impregnated or coated were United States ($25.4M), Sweden ($13.2M), Mexico ($12.8M), Czechia ($7.84M), and United Kingdom ($6.73M).

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Exporters of Felt, not of wool or hair, not impregnated or coated (2023)
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Importers of Felt, not of wool or hair, not impregnated or coated (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$2.79M
Top Destination Growth (2022 -  2023)Japan$2.69M

Between 2022 and 2023, the exports of Felt, not of wool or hair, not impregnated or coated grew the fastest in Italy ($2.79M), Turkey ($1.95M), India ($934k), Denmark ($498k), and United States ($385k).

Between 2022 and 2023, the fastest growing importers of Felt, not of wool or hair, not impregnated or coated were Japan ($2.69M), Malaysia ($1.4M), Mexico ($1.31M), Netherlands ($1.26M), and Portugal ($1.24M).

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Exporters of Felt, not of wool or hair, not impregnated or coated (2022 - 2023)

Importers of Felt, not of wool or hair, not impregnated or coated (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Felt, not of wool or hair, not impregnated or coated.

In 2023, market concentration measured using Shannon Entropy, was 3.94. This means that most of the exports of Felt, not of wool or hair, not impregnated or coated are explained by 15 countries.

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Value of Exports in Felt, not of wool or hair, not impregnated or coated

Net Trade

TOP NET EXPORTER (2023)China$44.9M
TOP NET IMPORTER (2023)Sweden$12.5M

This map shows which countries export or import more of Felt, not of wool or hair, not impregnated or coated. Each country is colored based on the difference in exports and imports of Felt, not of wool or hair, not impregnated or coated during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Felt, not of wool or hair, not impregnated or coated were China ($44.9M), Turkey ($26.2M), Denmark ($11.9M), Italy ($7.58M), and Germany ($7.29M).

In 2023, the countries that had a largest trade value in imports than in exports of Felt, not of wool or hair, not impregnated or coated were Sweden ($12.5M), United States ($6.6M), Czechia ($6.34M), Romania ($6.12M), and Australia ($4.85M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Felt, not of wool or hair, not impregnated or coated.
It is possible to select the main countries that export or import Felt, not of wool or hair, not impregnated or coated in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Felt, not of wool or hair, not impregnated or coated 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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