HS Icon Mens, boys suits, of wool or hair, not knit

620311 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Mens, boys suits, of wool or hair, not knit. In 2021, Mens, boys suits, of wool or hair, not knit were the world's 2349th most traded product, with a total trade of $815M. Between 2020 and 2021 the exports of Mens, boys suits, of wool or hair, not knit decreased by -14.1%, from $949M to $815M. Trade in Mens, boys suits, of wool or hair, not knit represent 0.0039% of total world trade.

Mens, boys suits, of wool or hair, not knit are a part of Non-Knit Men's Suits.

Exports In 2021 the top exporters of Mens, boys suits, of wool or hair, not knit  were China ($201M), Italy ($181M), Germany ($58.3M), Canada ($52.9M), and Switzerland ($38.3M).

Imports In 2021 the top importers of Mens, boys suits, of wool or hair, not knit were United States ($191M), Japan ($132M), France ($56M), Germany ($54M), and Italy ($39.2M).

Tariffs In 2018 the average tariff for Mens, boys suits, of wool or hair, not knit was 24.9%, making it the 195th lowest tariff using the HS6 product classification.

Ranking Mens, boys suits, of wool or hair, not knit ranks 3767th in the Product Complexity Index (PCI).

Description Mens suits are usually made of wool or hair (not knit) and are often worn to work. Boys suits are usually made of wool or hair (not knit) and are often worn to weddings or other formal occasions.

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Mens, boys suits, of wool or hair, not knit. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2021): China, $201M

Top Destination (2021): United States, $191M

Mens, boys suits, of wool or hair, not knit are the world's 2349th most traded product.

In 2021, the top exporters of Mens, boys suits, of wool or hair, not knit were China ($201M), Italy ($181M), Germany ($58.3M), Canada ($52.9M), and Switzerland ($38.3M).

In 2021, the top importers of Mens, boys suits, of wool or hair, not knit were United States ($191M), Japan ($132M), France ($56M), Germany ($54M), and Italy ($39.2M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Color

Top Origin Growth (2020 -  2021): Canada, $22M

Top Destination Growth (2020 -  2021): United States, $40M

Between 2020 and 2021, the exports of Mens, boys suits, of wool or hair, not knit grew the fastest in Canada ($22M), India ($6.34M), France ($2.06M), Belgium ($1.03M), and New Zealand ($413k).

Between 2020 and 2021, the fastest growing importers of Mens, boys suits, of wool or hair, not knit were United States ($40M), China ($6.39M), Australia ($2.2M), Greece ($1.43M), and Romania ($1.43M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Mens, boys suits, of wool or hair, not knit.

In 2021, market concentration measured using Shannon Entropy, was 3.91. This means that most of the exports of Mens, boys suits, of wool or hair, not knit are explained by 14 countries.

Explore Visualizations

TOP NET EXPORTER (2021): China, $166M

TOP NET IMPORTER (2021): United States, $188M

This map shows which countries export or import more of Mens, boys suits, of wool or hair, not knit. Each country is colored based on the difference in exports and imports of Mens, boys suits, of wool or hair, not knit during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Mens, boys suits, of wool or hair, not knit were China ($166M), Italy ($142M), Canada ($39.8M), Turkey ($33.2M), and Vietnam ($20.4M).

In 2021, the countries that had a largest trade value in imports than in exports of Mens, boys suits, of wool or hair, not knit were United States ($188M), Japan ($130M), France ($41.4M), United Kingdom ($22.4M), and Russia ($15.4M).

Country Comparison

#permalink to section
Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Mens, boys suits, of wool or hair, not knit.
It is possible to select the main countries that export or import Mens, boys suits, of wool or hair, not knit in the world, or by continent, as well as select the measure of interest.

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.