Non-Knit Men's Suits6203 (Harmonized System 1992 for 4-digit)
2020 World Trade: $38.4B, Rnk 93 / 1217
2020 Top Exporter | Top Importer: $7.12B | $6.12B, China | United States
2019 - 2020 Export Growth (CAGR): -19.9%, Rnk 1016 / 1217
2018 Mean Tariff: 24.3%, Rnk 47 / 1259
2020 Share of World Trade: 0.23%, Rnk 93 / 1217
Overview This page contains the latest trade data of Non-Knit Men's Suits. In 2020, Non-Knit Men's Suits were the world's 93rd most traded product, with a total trade of $38.4B. Between 2019 and 2020 the exports of Non-Knit Men's Suits decreased by -19.9%, from $47.9B to $38.4B. Trade in Non-Knit Men's Suits represent 0.23% of total world trade.
Non-Knit Men's Suits are a part of Apparel and clothing accessories; not knitted or crocheted. They include Mens, boys trousers & shorts, of cotton, not knit, Mens, boys trousers shorts, synthetic fibre, not knit, Mens, boys suits, of wool or hair, not knit, Mens, boys jackets, blazers, synthetic fibre, not kni, Mens, boys jackets & blazers, wool or hair, not knit, Mens, boys trousers & shorts, material nes, not knit, Mens, boys jackets & blazers, of cotton, not knit, Mens, boys trousers & shorts, wool or hair, not knit, Mens, boys jackets & blazers, material nes, not knit, and Mens, boys suits, synthetic fibres, not knit, among others.
Exports In 2020 the top exporters of Non-Knit Men's Suits were China ($7.12B), Bangladesh ($5.75B), Germany ($2.73B), Vietnam ($2.54B), and Italy ($1.81B).
Imports In 2020 the top importers of Non-Knit Men's Suits were United States ($6.12B), Germany ($5.14B), Japan ($2.13B), France ($1.88B), and United Kingdom ($1.62B).
Tariffs In 2018 the average tariff for Non-Knit Men's Suits was 24.3%, making it the 47th lowest tariff using the HS4 product classification.
Description Men's suits are used to dress men for special occasions, such as weddings and funerals. Men's suits can be made from a variety of materials, including wool, cotton, silk, and polyester.
The following visualization shows the latest trends on Non-Knit Men's Suits. 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 (2020): China, $7.12B
Top Destination (2020): United States, $6.12B
Non-Knit Men's Suits are the world's 93rd most traded product.
In 2020, the top exporters of Non-Knit Men's Suits were China ($7.12B), Bangladesh ($5.75B), Germany ($2.73B), Vietnam ($2.54B), and Italy ($1.81B).
In 2020, the top importers of Non-Knit Men's Suits were United States ($6.12B), Germany ($5.14B), Japan ($2.13B), France ($1.88B), and United Kingdom ($1.62B).
Trade by country
Top Origin Growth (2019 - 2020): Poland, $132M
Top Destination Growth (2019 - 2020): Switzerland, $405M
Between 2019 and 2020, the exports of Non-Knit Men's Suits grew the fastest in Poland ($132M), Netherlands ($80.7M), Sweden ($21M), Burma ($14.5M), and Lesotho ($12.4M).
Between 2019 and 2020, the fastest growing importers of Non-Knit Men's Suits were Switzerland ($405M), Nigeria ($174M), Poland ($90.1M), Ghana ($21.8M), and Djibouti ($12.6M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Non-Knit Men's Suits.
In 2020, market concentration measured using Shannon Entropy, was 4.63. This means that most of the exports of Non-Knit Men's Suits are explained by 24 countries.
TOP NET EXPORTER (2020): China, $6.54B
TOP NET IMPORTER (2020): United States, $5.92B
This map shows which countries export or import more of Non-Knit Men's Suits. Each country is colored based on the difference in exports and imports of Non-Knit Men's Suits during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Non-Knit Men's Suits were China ($6.54B), Bangladesh ($5.73B), Vietnam ($2.42B), Pakistan ($1.79B), and Turkey ($1.25B).
In 2020, the countries that had a largest trade value in imports than in exports of Non-Knit Men's Suits were United States ($5.92B), Germany ($2.41B), Japan ($2.06B), France ($1.35B), and United Kingdom ($1.16B).
In 2020, the world most traded Non-Knit Men's Suits, disaggragated by their HS6 level were Mens, boys trousers & shorts, of... ($21.8B), Mens, boys trousers shorts, synthetic fibre,... ($7.04B), Mens, boys jackets, blazers, synthetic fibre,... ($2.13B), Mens, boys trousers & shorts, material... ($1.35B), and Mens, boys jackets & blazers, of... ($1.21B)
This visualization shows the countries that have an important ratio of their trade related to Non-Knit Men's Suits. It is possible to select the main countries that export or import Non-Knit Men's Suits 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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