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580421 (Harmonized System 1992 for 6-digit)

2023
World Trade $559MRnk 2735 / 4644
2023
Top Exporter | Top Importer $369M | $86.3MChina | Bangladesh
2023
Product Complexity -0.88Rnk 3686 / 4656
2022 - 2023
Export Growth (CAGR) -7.4%Rnk 2405 / 4644
2023
Share of World Trade 0.0025%Rnk 2735 / 4644

About

Overview This page contains the latest trade data of Mechanical lace, manmade fibre (piece, strip, motif). In 2023, Mechanical lace, manmade fibre (piece, strip, motif) were the world's 2735th most traded product, with a total trade of $559M. Between 2022 and 2023 the exports of Mechanical lace, manmade fibre (piece, strip, motif) decreased by -7.4%, from $604M to $559M. Trade in Mechanical lace, manmade fibre (piece, strip, motif) represent 0.0025% of total world trade.

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

Exports In 2023 the top exporters of Mechanical lace, manmade fibre (piece, strip, motif)  were China ($369M), Thailand ($41.1M), Hong Kong ($34.9M), Italy ($22M), and France ($19.3M).

Imports In 2023 the top importers of Mechanical lace, manmade fibre (piece, strip, motif) were Bangladesh ($86.3M), Vietnam ($62.1M), Hong Kong ($46.9M), Sri Lanka ($31.6M), and Nigeria ($22.8M).

Ranking Mechanical lace, manmade fibre (piece, strip, motif) ranks 3686th 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 (2023)China$369M
Top Destination (2023)Bangladesh$86.3M

In 2023 Mechanical lace, manmade fibre (piece, strip, motif) were the world's 2735th most traded product (out of 4,644).

In 2023, the top exporters of Mechanical lace, manmade fibre (piece, strip, motif) were China ($369M), Thailand ($41.1M), Hong Kong ($34.9M), Italy ($22M), and France ($19.3M).

In 2023, the top importers of Mechanical lace, manmade fibre (piece, strip, motif) were Bangladesh ($86.3M), Vietnam ($62.1M), Hong Kong ($46.9M), Sri Lanka ($31.6M), and Nigeria ($22.8M).

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Exporters of Mechanical lace, manmade fibre (piece, strip, motif) (2023)
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Importers of Mechanical lace, manmade fibre (piece, strip, motif) (2023)
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Market Dynamics

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Top Origin Growth (2022 -  2023)Hong Kong$6.35M
Top Destination Growth (2022 -  2023)Vietnam$16.1M

Between 2022 and 2023, the exports of Mechanical lace, manmade fibre (piece, strip, motif) grew the fastest in Hong Kong ($6.35M), Morocco ($4.4M), Singapore ($1.6M), Thailand ($1.03M), and Indonesia ($677k).

Between 2022 and 2023, the fastest growing importers of Mechanical lace, manmade fibre (piece, strip, motif) were Vietnam ($16.1M), Senegal ($8.17M), Nigeria ($4.77M), Togo ($3.39M), and France ($3.13M).

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Exporters of Mechanical lace, manmade fibre (piece, strip, motif) (2022 - 2023)

Importers of Mechanical lace, manmade fibre (piece, strip, motif) (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 2.24. 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 (2023)China$355M
TOP NET IMPORTER (2023)Bangladesh$86.2M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Mechanical lace, manmade fibre (piece, strip, motif) were China ($355M), Thailand ($31.2M), Italy ($14.2M), France ($10.1M), and Turkey ($7.22M).

In 2023, the countries that had a largest trade value in imports than in exports of Mechanical lace, manmade fibre (piece, strip, motif) were Bangladesh ($86.2M), Vietnam ($61.2M), Nigeria ($22.8M), Sri Lanka ($22.5M), and Senegal ($21.6M).

Net Trade (2023)

Country Comparison

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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 (2023)

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