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420221 (Harmonized System 1992 for 6-digit)

2023
World Trade $18.9BRnk 169 / 4644
2023
Top Exporter | Top Importer $6.74B | $2.44BItaly | United States
2023
Product Complexity -0.64Rnk 3414 / 4656
2022 - 2023
Export Growth (CAGR) 4.08%Rnk 1114 / 4644
2023
Share of World Trade 0.084%Rnk 169 / 4644

About

Overview This page contains the latest trade data of Handbags with outer surface of leather. In 2023, Handbags with outer surface of leather were the world's 169th most traded product, with a total trade of $18.9B. Between 2022 and 2023 the exports of Handbags with outer surface of leather grew by 4.08%, from $18.2B to $18.9B. Trade in Handbags with outer surface of leather represent 0.084% of total world trade.

Handbags with outer surface of leather are a part of Trunks and Cases.

Exports In 2023 the top exporters of Handbags with outer surface of leather  were Italy ($6.74B), France ($6.06B), China ($1.21B), Spain ($686M), and Vietnam ($520M).

Imports In 2023 the top importers of Handbags with outer surface of leather were United States ($2.44B), China ($2.02B), Hong Kong ($1.7B), France ($1.46B), and Italy ($1.25B).

Ranking Handbags with outer surface of leather ranks 3414th in the Product Complexity Index (PCI).

Description A handbag with an outer surface of leather is typically used as a storage device for personal items, such as identification, credit cards, and cash. They are also used as a status symbol, with handbags made of leather often being more expensive than those made of other materials.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Handbags with outer surface of leather. 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)Italy$6.74B
Top Destination (2023)United States$2.44B

In 2023 Handbags with outer surface of leather were the world's 169th most traded product (out of 4,644).

In 2023, the top exporters of Handbags with outer surface of leather were Italy ($6.74B), France ($6.06B), China ($1.21B), Spain ($686M), and Vietnam ($520M).

In 2023, the top importers of Handbags with outer surface of leather were United States ($2.44B), China ($2.02B), Hong Kong ($1.7B), France ($1.46B), and Italy ($1.25B).

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Exporters of Handbags with outer surface of leather (2023)
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Importers of Handbags with outer surface of leather (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$518M
Top Destination Growth (2022 -  2023)Italy$301M

Between 2022 and 2023, the exports of Handbags with outer surface of leather grew the fastest in Italy ($518M), France ($449M), Hong Kong ($236M), Singapore ($56.5M), and United Kingdom ($31.9M).

Between 2022 and 2023, the fastest growing importers of Handbags with outer surface of leather were Italy ($301M), Hong Kong ($281M), China ($263M), Japan ($249M), and United Arab Emirates ($114M).

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Exporters of Handbags with outer surface of leather (2022 - 2023)

Importers of Handbags with outer surface of leather (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Handbags with outer surface of leather.

In 2023, market concentration measured using Shannon Entropy, was 3. This means that most of the exports of Handbags with outer surface of leather are explained by 7 countries.

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Value of Exports in Handbags with outer surface of leather

Net Trade

TOP NET EXPORTER (2023)Italy$5.49B
TOP NET IMPORTER (2023)United States$2.3B

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

In 2023, the countries that had a largest trade value in exports than in imports of Handbags with outer surface of leather were Italy ($5.49B), France ($4.6B), Vietnam ($469M), Cambodia ($423M), and India ($388M).

In 2023, the countries that had a largest trade value in imports than in exports of Handbags with outer surface of leather were United States ($2.3B), Hong Kong ($1.37B), South Korea ($1.05B), Japan ($868M), and China ($802M).

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 Handbags with outer surface of leather.
It is possible to select the main countries that export or import Handbags with outer surface of leather in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Handbags with outer surface of leather 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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