Mens, boys suits, of wool or hair, not knit620311 (Harmonized System 1992 for 6-digit)
2021 World Trade: $815M, Rnk 2349 / 4641
2021 Top Exporter | Top Importer: $201M | $191M, China | United States
2021 Product Complexity: -0.97, Rnk 3767 / 4648
2020 - 2021 Export Growth (CAGR): -14.1%, Rnk 4452 / 4641
2018 Mean Tariff: 24.9%, Rnk 195 / 6538
2021 Share of World Trade: 0.0039%, Rnk 2349 / 4641
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.
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.
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).
Trade by country
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).
Cumulative market share
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.
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).
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.
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.
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