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Ties, bow ties and cravats, manmade fibres, not knit

621520 (Harmonized System 1992 for 6-digit)

2023
World Trade $142MRnk 3879 / 4644
2023
Top Exporter | Top Importer $115M | $36.8MChina | United States
2023
Product Complexity -1.44Rnk 4224 / 4656
2022 - 2023
Export Growth (CAGR) 3.66%Rnk 1171 / 4644
2023
Share of World Trade 0.00063%Rnk 3879 / 4644

About

Overview This page contains the latest trade data of Necktie of synthetic fibre not knit. In 2023, Necktie of synthetic fibre not knit were the world's 3879th most traded product, with a total trade of $142M. Between 2022 and 2023 the exports of Necktie of synthetic fibre not knit grew by 3.66%, from $137M to $142M. Trade in Necktie of synthetic fibre not knit represent 0.00063% of total world trade.

Necktie of synthetic fibre not knit are a part of Neck Ties.

Exports In 2023 the top exporters of Necktie of synthetic fibre not knit  were China ($115M), Italy ($3.96M), Germany ($3.82M), Turkey ($3.57M), and United Kingdom ($1.6M).

Imports In 2023 the top importers of Necktie of synthetic fibre not knit were United States ($36.8M), South Korea ($11.2M), United Kingdom ($8.42M), Japan ($8.04M), and Kyrgyzstan ($6.78M).

Ranking Necktie of synthetic fibre not knit ranks 4224th in the Product Complexity Index (PCI).

Description Ties, bow ties and cravats are all neckwear worn to conceal the neck and chest. Ties are usually worn with dress shirts and suits, bow ties are usually worn with tuxedos, and cravats are usually worn with formalwear such as a dress suit, dinner jacket or tailcoat. The most common manmade fibres are polyester, nylon and polypropylene. Knit ties are not common.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Necktie of synthetic fibre 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.

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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$115M
Top Destination (2023)United States$36.8M

In 2023 Necktie of synthetic fibre not knit were the world's 3879th most traded product (out of 4,644).

In 2023, the top exporters of Necktie of synthetic fibre not knit were China ($115M), Italy ($3.96M), Germany ($3.82M), Turkey ($3.57M), and United Kingdom ($1.6M).

In 2023, the top importers of Necktie of synthetic fibre not knit were United States ($36.8M), South Korea ($11.2M), United Kingdom ($8.42M), Japan ($8.04M), and Kyrgyzstan ($6.78M).

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Exporters of Necktie of synthetic fibre not knit (2023)
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Importers of Necktie of synthetic fibre not knit (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$4.03M
Top Destination Growth (2022 -  2023)South Korea$8.36M

Between 2022 and 2023, the exports of Necktie of synthetic fibre not knit grew the fastest in China ($4.03M), United States ($786k), Italy ($661k), United Arab Emirates ($363k), and Algeria ($279k).

Between 2022 and 2023, the fastest growing importers of Necktie of synthetic fibre not knit were South Korea ($8.36M), Kyrgyzstan ($5.79M), Tajikistan ($948k), Vietnam ($798k), and China ($776k).

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Exporters of Necktie of synthetic fibre not knit (2022 - 2023)

Importers of Necktie of synthetic fibre not knit (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Necktie of synthetic fibre not knit.

In 2023, market concentration measured using Shannon Entropy, was 1.53. This means that most of the exports of Necktie of synthetic fibre not knit are explained by 2 countries.

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Value of Exports in Necktie of synthetic fibre not knit

Net Trade

TOP NET EXPORTER (2023)China$114M
TOP NET IMPORTER (2023)United States$35.6M

This map shows which countries export or import more of Necktie of synthetic fibre not knit. Each country is colored based on the difference in exports and imports of Necktie of synthetic fibre not knit during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Necktie of synthetic fibre not knit were China ($114M), Turkey ($3.43M), Italy ($1.08M), Algeria ($198k), and Tunisia ($118k).

In 2023, the countries that had a largest trade value in imports than in exports of Necktie of synthetic fibre not knit were United States ($35.6M), South Korea ($11.1M), Japan ($7.97M), United Kingdom ($6.83M), and Kyrgyzstan ($6.78M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Necktie of synthetic fibre not knit 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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