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Furskins and artificial fur; manufactures thereof

43 (Harmonized System 1992 for 2-digit)

2022
World Trade $3.78BRnk 92 / 96
2022
Top Exporter | Top Importer $1.47B | $827MChina | Russia
2022
Product Complexity 0.45Rnk 34 / 96
2021 - 2022
Export Growth (CAGR) -16.4%Rnk 96 / 96
2022
Share of World Trade 0.016%Rnk 92 / 96

About

Overview This page contains the latest trade data of Furskins, articifial fur, & articles. In 2022, Furskins, articifial fur, & articles were the world's 92nd most traded product, with a total trade of $3.78B. Between 2021 and 2022 the exports of Furskins, articifial fur, & articles decreased by -16.4%, from $4.53B to $3.78B. Trade in Furskins, articifial fur, & articles represent 0.016% of total world trade.

Furskins, articifial fur, & articles are a part of Animal Hides. They include Raw Furskins, Furskin Apparel, Tanned Furskins, and Artificial Fur.

Exports In 2022 the top exporters of Furskins, articifial fur, & articles  were China ($1.47B), Italy ($361M), Finland ($255M), Turkey ($165M), and Cambodia ($162M).

Imports In 2022 the top importers of Furskins, articifial fur, & articles were Russia ($827M), China ($450M), South Korea ($279M), United States ($239M), and Finland ($225M).

Ranking Furskins, articifial fur, & articles ranks 34th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Furskins, articifial fur, & articles. 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 (2022)China$1.47B
Top Destination (2022)Russia$827M

In 2022 Furskins, articifial fur, & articles were the world's 92nd most traded product (out of 96).

In 2022, the top exporters of Furskins, articifial fur, & articles were China ($1.47B), Italy ($361M), Finland ($255M), Turkey ($165M), and Cambodia ($162M).

In 2022, the top importers of Furskins, articifial fur, & articles were Russia ($827M), China ($450M), South Korea ($279M), United States ($239M), and Finland ($225M).

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Exporters of Furskins, articifial fur, & articles (2022)
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Importers of Furskins, articifial fur, & articles (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$533M
Top Destination Growth (2021 -  2022)Russia$677M

Between 2021 and 2022, the exports of Furskins, articifial fur, & articles grew the fastest in China ($533M), Italy ($48M), Turkey ($13.6M), Australia ($11.8M), and Malaysia ($7.69M).

Between 2021 and 2022, the fastest growing importers of Furskins, articifial fur, & articles were Russia ($677M), United States ($25.1M), Turkey ($19.4M), Tajikistan ($18.1M), and United Kingdom ($12M).

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Exporters of Furskins, articifial fur, & articles (2021 - 2022)

Importers of Furskins, articifial fur, & articles (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Furskins, articifial fur, & articles.

In 2022, market concentration measured using Shannon Entropy, was 3.75. This means that most of the exports of Furskins, articifial fur, & articles are explained by 13 countries.

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Value of Exports in Furskins, articifial fur, & articles

Net Trade

TOP NET EXPORTER (2022)China$1.02B
TOP NET IMPORTER (2022)Russia$786M

This map shows which countries export or import more of Furskins, articifial fur, & articles. Each country is colored based on the difference in exports and imports of Furskins, articifial fur, & articles during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Furskins, articifial fur, & articles were China ($1.02B), Italy ($211M), Denmark ($126M), Turkey ($94.5M), and Poland ($79.4M).

In 2022, the countries that had a largest trade value in imports than in exports of Furskins, articifial fur, & articles were Russia ($786M), South Korea ($270M), United States ($146M), Hong Kong ($90.3M), and Vietnam ($89M).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Furskins, articifial fur, & articles, disaggragated by their HS6 level were Furskin Apparel ($2.05B), Tanned Furskins ($882M), Raw Furskins ($763M), and Artificial Fur ($90.9M)

HS6 Disaggregation for Furskins, articifial fur, & articles (2022)
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Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Furskins, articifial fur, & articles by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $15.5M
TOP IMPORT POTENTIALSpain+ $2.89M

Furskins, articifial fur, & articles’s highest export potential is United States. With an export gap of $15.5M.  Furskins, articifial fur, & articles’s highest import potential is Spain with an import gap of $2.89M.

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 (2022)

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