Unprocessed Synthetic Staple Fibers5503 (Harmonized System 1992 for 4-digit)
2020 World Trade: $6.16B, Rnk 423 / 1217
2020 Top Exporter | Top Importer: $979M | $645M, South Korea | China
2020 Product Complexity: 0.42, Rnk 396 / 1028
2019 - 2020 Export Growth (CAGR): -18.1%, Rnk 981 / 1217
2018 Mean Tariff: 4.55%, Rnk 910 / 1259
2020 Share of World Trade: 0.037%, Rnk 423 / 1217
Overview This page contains the latest trade data of Unprocessed Synthetic Staple Fibers. In 2020, Unprocessed Synthetic Staple Fibers were the world's 423rd most traded product, with a total trade of $6.16B. Between 2019 and 2020 the exports of Unprocessed Synthetic Staple Fibers decreased by -18.1%, from $7.52B to $6.16B. Trade in Unprocessed Synthetic Staple Fibers represent 0.037% of total world trade.
Unprocessed Synthetic Staple Fibers are a part of Man-made staple fibres. They include Staple fibres of polyesters, not carded or combed, Staple fibres of acrylic, modacrylic,not carded/combe, Staple fibres of polypropylene, not carded or combed, Staple fibres of nylon, polyamides, not carded, combe, and Synthetic staple fibres, not carded or combed nes.
Exports In 2020 the top exporters of Unprocessed Synthetic Staple Fibers were South Korea ($979M), China ($925M), Thailand ($472M), Chinese Taipei ($433M), and Germany ($371M).
Imports In 2020 the top importers of Unprocessed Synthetic Staple Fibers were China ($645M), United States ($631M), Germany ($428M), Vietnam ($327M), and Italy ($289M).
Tariffs In 2018 the average tariff for Unprocessed Synthetic Staple Fibers was 4.55%, making it the 910th lowest tariff using the HS4 product classification.
Ranking Unprocessed Synthetic Staple Fibers ranks 396th in the Product Complexity Index (PCI).
Description Synthetic staple fibres are used in many applications because they are more durable than natural fibres. They are often used for clothing and carpets because they are less expensive and more durable than natural fibres.
The following visualization shows the latest trends on Unprocessed Synthetic Staple Fibers. 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): South Korea, $979M
Top Destination (2020): China, $645M
Unprocessed Synthetic Staple Fibers are the world's 423rd most traded product.
In 2020, the top exporters of Unprocessed Synthetic Staple Fibers were South Korea ($979M), China ($925M), Thailand ($472M), Chinese Taipei ($433M), and Germany ($371M).
In 2020, the top importers of Unprocessed Synthetic Staple Fibers were China ($645M), United States ($631M), Germany ($428M), Vietnam ($327M), and Italy ($289M).
Trade by country
Top Origin Growth (2019 - 2020): Turkey, $25.6M
Top Destination Growth (2019 - 2020): Pakistan, $31.7M
Between 2019 and 2020, the exports of Unprocessed Synthetic Staple Fibers grew the fastest in Turkey ($25.6M), Argentina ($3.1M), Nigeria ($2.64M), Morocco ($1.04M), and Lithuania ($464k).
Between 2019 and 2020, the fastest growing importers of Unprocessed Synthetic Staple Fibers were Pakistan ($31.7M), Mozambique ($5.74M), United Arab Emirates ($2.91M), Poland ($2.07M), and Zimbabwe ($1.92M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Unprocessed Synthetic Staple Fibers.
In 2020, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Unprocessed Synthetic Staple Fibers are explained by 20 countries.
TOP NET EXPORTER (2020): South Korea, $937M
TOP NET IMPORTER (2020): United States, $411M
This map shows which countries export or import more of Unprocessed Synthetic Staple Fibers. Each country is colored based on the difference in exports and imports of Unprocessed Synthetic Staple Fibers during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Unprocessed Synthetic Staple Fibers were South Korea ($937M), Thailand ($387M), Chinese Taipei ($374M), China ($280M), and Japan ($206M).
In 2020, the countries that had a largest trade value in imports than in exports of Unprocessed Synthetic Staple Fibers were United States ($411M), Italy ($183M), Pakistan ($179M), Brazil ($166M), and Spain ($141M).
In 2020, the world most traded Unprocessed Synthetic Staple Fibers, disaggragated by their HS6 level were Staple fibres of polyesters, not carded... ($3.7B), Synthetic staple fibres, not carded or... ($784M), Staple fibres of polypropylene, not carded... ($588M), Staple fibres of nylon, polyamides, not... ($551M), and Staple fibres of acrylic, modacrylic,not carded/combe ($532M)
This visualization shows the countries that have an important ratio of their trade related to Unprocessed Synthetic Staple Fibers. It is possible to select the main countries that export or import Unprocessed Synthetic Staple Fibers 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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