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530820 (Harmonized System 1992 for 6-digit)

2023
World Trade $12.5MRnk 4494 / 4644
2023
Top Exporter | Top Importer $8.58M | $2.15MChina | Italy
2023
Product Complexity 0.012Rnk 2530 / 4656
2022 - 2023
Export Growth (CAGR) -35.2%Rnk 4372 / 4644
2023
Share of World Trade <0.01%Rnk 4494 / 4644

About

Overview This page contains the latest trade data of True hemp yarn. In 2023, True hemp yarn were the world's 4494th most traded product, with a total trade of $12.5M. Between 2022 and 2023 the exports of True hemp yarn decreased by -35.2%, from $19.2M to $12.5M. Trade in True hemp yarn represent 0.000055% of total world trade.

True hemp yarn are a part of Other Vegetable Fibers Yarn.

Exports In 2023 the top exporters of True hemp yarn  were China ($8.58M), Romania ($1.06M), Italy ($768k), Tunisia ($337k), and Belgium ($285k).

Imports In 2023 the top importers of True hemp yarn were Italy ($2.15M), Vietnam ($1.64M), India ($1.6M), United States ($1.26M), and South Korea ($1.12M).

Ranking True hemp yarn ranks 2530th in the Product Complexity Index (PCI).

Description Hemp yarn is often used for winter wear and other heavy-duty applications because hemp is a very strong and durable natural fiber. It is also capable of absorbing a lot of moisture, making it a good natural material for items that will be worn close to the skin.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on True hemp yarn. 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$8.58M
Top Destination (2023)Italy$2.15M

In 2023 True hemp yarn were the world's 4494th most traded product (out of 4,644).

In 2023, the top exporters of True hemp yarn were China ($8.58M), Romania ($1.06M), Italy ($768k), Tunisia ($337k), and Belgium ($285k).

In 2023, the top importers of True hemp yarn were Italy ($2.15M), Vietnam ($1.64M), India ($1.6M), United States ($1.26M), and South Korea ($1.12M).

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Exporters of True hemp yarn (2023)
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Importers of True hemp yarn (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Poland$199k
Top Destination Growth (2022 -  2023)Vietnam$1.09M

Between 2022 and 2023, the exports of True hemp yarn grew the fastest in Poland ($199k), France ($134k), Spain ($117k), Belgium ($38k), and Philippines ($29k).

Between 2022 and 2023, the fastest growing importers of True hemp yarn were Vietnam ($1.09M), Belgium ($198k), Egypt ($107k), Hungary ($60.7k), and Italy ($59.5k).

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Exporters of True hemp yarn (2022 - 2023)

Importers of True hemp yarn (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of True hemp yarn.

In 2023, market concentration measured using Shannon Entropy, was 2.01. This means that most of the exports of True hemp yarn are explained by 4 countries.

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Value of Exports in True hemp yarn

Net Trade

TOP NET EXPORTER (2023)China$8.51M
TOP NET IMPORTER (2023)India$1.57M

This map shows which countries export or import more of True hemp yarn. Each country is colored based on the difference in exports and imports of True hemp yarn during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of True hemp yarn were China ($8.51M), Romania ($980k), Tunisia ($337k), Poland ($169k), and Germany ($108k).

In 2023, the countries that had a largest trade value in imports than in exports of True hemp yarn were India ($1.57M), Italy ($1.38M), United States ($1.23M), South Korea ($1.12M), and Portugal ($405k).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to True hemp yarn.
It is possible to select the main countries that export or import True hemp yarn in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of True hemp yarn 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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