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580421 (Harmonized System 1992 for 6-digit)

2022
World Trade $711MRnk 2559 / 4648
2022
Top Exporter | Top Importer $500M | $99.1MChina | Bangladesh
2022
Product Complexity -0.86Rnk 3668 / 4653
2021 - 2022
Export Growth (CAGR) -6.19%Rnk 3671 / 4648
2022
Share of World Trade 0.003%Rnk 2559 / 4648

About

Overview This page contains the latest trade data of Mechanical lace, manmade fibre (piece, strip, motif). In 2022, Mechanical lace, manmade fibre (piece, strip, motif) were the world's 2559th most traded product, with a total trade of $711M. Between 2021 and 2022 the exports of Mechanical lace, manmade fibre (piece, strip, motif) decreased by -6.19%, from $758M to $711M. Trade in Mechanical lace, manmade fibre (piece, strip, motif) represent 0.003% of total world trade.

Mechanical lace, manmade fibre (piece, strip, motif) are a part of Tulles and Net Fabric.

Exports In 2022 the top exporters of Mechanical lace, manmade fibre (piece, strip, motif)  were China ($500M), Thailand ($45.7M), Hong Kong ($29.8M), Italy ($25.5M), and France ($22.5M).

Imports In 2022 the top importers of Mechanical lace, manmade fibre (piece, strip, motif) were Bangladesh ($99.1M), Hong Kong ($52.9M), Vietnam ($52M), Sri Lanka ($36.7M), and Indonesia ($29.1M).

Ranking Mechanical lace, manmade fibre (piece, strip, motif) ranks 3668th in the Product Complexity Index (PCI).

Description Mechanical lace can be used to create patterns on a surface, or be used to create a surface. It is made of twisted wire, and is typically used in clothing and other textile products. Manmade fibre can be used in a variety of textile products. It is made of synthetic materials and is typically cheaper than natural fibre.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Mechanical lace, manmade fibre (piece, strip, motif). 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$500M
Top Destination (2022)Bangladesh$99.1M

In 2022 Mechanical lace, manmade fibre (piece, strip, motif) were the world's 2559th most traded product (out of 4,648).

In 2022, the top exporters of Mechanical lace, manmade fibre (piece, strip, motif) were China ($500M), Thailand ($45.7M), Hong Kong ($29.8M), Italy ($25.5M), and France ($22.5M).

In 2022, the top importers of Mechanical lace, manmade fibre (piece, strip, motif) were Bangladesh ($99.1M), Hong Kong ($52.9M), Vietnam ($52M), Sri Lanka ($36.7M), and Indonesia ($29.1M).

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Exporters of Mechanical lace, manmade fibre (piece, strip, motif) (2022)
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Importers of Mechanical lace, manmade fibre (piece, strip, motif) (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)France$6.84M
Top Destination Growth (2021 -  2022)Kyrgyzstan$9.79M

Between 2021 and 2022, the exports of Mechanical lace, manmade fibre (piece, strip, motif) grew the fastest in France ($6.84M), India ($5.04M), Israel ($1.97M), Egypt ($1.19M), and Chinese Taipei ($907k).

Between 2021 and 2022, the fastest growing importers of Mechanical lace, manmade fibre (piece, strip, motif) were Kyrgyzstan ($9.79M), Pakistan ($6.25M), Sri Lanka ($5.39M), Morocco ($4.84M), and Malaysia ($4.63M).

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Exporters of Mechanical lace, manmade fibre (piece, strip, motif) (2021 - 2022)

Importers of Mechanical lace, manmade fibre (piece, strip, motif) (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Mechanical lace, manmade fibre (piece, strip, motif).

In 2022, market concentration measured using Shannon Entropy, was 2.04. This means that most of the exports of Mechanical lace, manmade fibre (piece, strip, motif) are explained by 4 countries.

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Value of Exports in Mechanical lace, manmade fibre (piece, strip, motif)

Net Trade

TOP NET EXPORTER (2022)China$482M
TOP NET IMPORTER (2022)Bangladesh$99.1M

This map shows which countries export or import more of Mechanical lace, manmade fibre (piece, strip, motif). Each country is colored based on the difference in exports and imports of Mechanical lace, manmade fibre (piece, strip, motif) during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Mechanical lace, manmade fibre (piece, strip, motif) were China ($482M), Thailand ($30.8M), Italy ($16.6M), Chinese Taipei ($12.1M), and France ($12.1M).

In 2022, the countries that had a largest trade value in imports than in exports of Mechanical lace, manmade fibre (piece, strip, motif) were Bangladesh ($99.1M), Vietnam ($51M), Nigeria ($28.2M), Sri Lanka ($26M), and Indonesia ($25.6M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Mechanical lace, manmade fibre (piece, strip, motif).
It is possible to select the main countries that export or import Mechanical lace, manmade fibre (piece, strip, motif) in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Mechanical lace, manmade fibre (piece, strip, motif) 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 (2022)

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