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701990 (Harmonized System 1992 for 6-digit)

2023
World Trade $5.05BRnk 724 / 4644
2023
Top Exporter | Top Importer $996M | $607MChina | United States
2023
Product Complexity 0.13Rnk 2320 / 4656
2022 - 2023
Export Growth (CAGR) -2.49%Rnk 1804 / 4644
2023
Share of World Trade 0.022%Rnk 724 / 4644

About

Overview This page contains the latest trade data of Glass fibres, glass wool and articles thereof nes. In 2023, Glass fibres, glass wool and articles thereof nes were the world's 724th most traded product, with a total trade of $5.05B. Between 2022 and 2023 the exports of Glass fibres, glass wool and articles thereof nes decreased by -2.49%, from $5.18B to $5.05B. Trade in Glass fibres, glass wool and articles thereof nes represent 0.022% of total world trade.

Glass fibres, glass wool and articles thereof nes are a part of Glass Fibers.

Exports In 2023 the top exporters of Glass fibres, glass wool and articles thereof nes  were China ($996M), United States ($791M), Germany ($368M), Belgium ($249M), and Canada ($233M).

Imports In 2023 the top importers of Glass fibres, glass wool and articles thereof nes were United States ($607M), France ($376M), Mexico ($368M), China ($298M), and Germany ($257M).

Ranking Glass fibres, glass wool and articles thereof nes ranks 2320th in the Product Complexity Index (PCI).

Description Glass fibres are made from molten glass and are used for insulation. Glass wool is made from molten glass, wool and other fibres and are used as insulation and soundproofing material. Articles such as glass wool insulation, glass wool curtains and glass fibre curtains are made from glass fibres and used for insulation and soundproofing.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Glass fibres, glass wool and articles thereof nes. 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$996M
Top Destination (2023)United States$607M

In 2023 Glass fibres, glass wool and articles thereof nes were the world's 724th most traded product (out of 4,644).

In 2023, the top exporters of Glass fibres, glass wool and articles thereof nes were China ($996M), United States ($791M), Germany ($368M), Belgium ($249M), and Canada ($233M).

In 2023, the top importers of Glass fibres, glass wool and articles thereof nes were United States ($607M), France ($376M), Mexico ($368M), China ($298M), and Germany ($257M).

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Exporters of Glass fibres, glass wool and articles thereof nes (2023)
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Importers of Glass fibres, glass wool and articles thereof nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$130M
Top Destination Growth (2022 -  2023)Mexico$80.4M

Between 2022 and 2023, the exports of Glass fibres, glass wool and articles thereof nes grew the fastest in United States ($130M), Belgium ($36.9M), Saudi Arabia ($23.6M), South Korea ($23.1M), and Mexico ($19.3M).

Between 2022 and 2023, the fastest growing importers of Glass fibres, glass wool and articles thereof nes were Mexico ($80.4M), France ($40.6M), South Korea ($30.5M), Ukraine ($20.5M), and United Arab Emirates ($18M).

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Exporters of Glass fibres, glass wool and articles thereof nes (2022 - 2023)

Importers of Glass fibres, glass wool and articles thereof nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Glass fibres, glass wool and articles thereof nes.

In 2023, market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Glass fibres, glass wool and articles thereof nes are explained by 23 countries.

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Value of Exports in Glass fibres, glass wool and articles thereof nes

Net Trade

TOP NET EXPORTER (2023)China$698M
TOP NET IMPORTER (2023)France$272M

This map shows which countries export or import more of Glass fibres, glass wool and articles thereof nes. Each country is colored based on the difference in exports and imports of Glass fibres, glass wool and articles thereof nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Glass fibres, glass wool and articles thereof nes were China ($698M), Belgium ($204M), United States ($184M), Germany ($111M), and Sweden ($75.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Glass fibres, glass wool and articles thereof nes were France ($272M), Mexico ($167M), Japan ($86M), South Korea ($67.3M), and Vietnam ($66.3M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Glass fibres, glass wool and articles thereof nes.
It is possible to select the main countries that export or import Glass fibres, glass wool and articles thereof nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Glass fibres, glass wool and articles thereof nes 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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