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Wadding, felt and nonwovens, special yarns; twine, cordage, ropes and cables and articles thereof

56 (Harmonized System 1992 for 2-digit)

2023
World Trade $27.8BRnk 71 / 96
2023
Top Exporter | Top Importer $6.69B | $2.8BChina | United States
2023
Product Complexity 0.65Rnk 30 / 96
2022 - 2023
Export Growth (CAGR) -7.17%Rnk 54 / 96
2023
Share of World Trade 0.12%Rnk 71 / 96

About

Overview This page contains the latest trade data of Wadding, felt, nonwovens, twin, ropes, & articles thereof. In 2023, Wadding, felt, nonwovens, twin, ropes, & articles thereof were the world's 71st most traded product, with a total trade of $27.8B. Between 2022 and 2023 the exports of Wadding, felt, nonwovens, twin, ropes, & articles thereof decreased by -7.17%, from $30B to $27.8B. Trade in Wadding, felt, nonwovens, twin, ropes, & articles thereof represent 0.12% of total world trade.

Wadding, felt, nonwovens, twin, ropes, & articles thereof are a part of Textiles. They include Non-woven Textiles, Wadding, Twine and Rope, Twine, cordage or rope; knotted netting, made up fishing nets and other..., Felt, Gimp Yarn, Other Articles of Twine and Rope, Rubber Textiles, and Metallic Yarn.

Exports In 2023 the top exporters of Wadding, felt, nonwovens, twin, ropes, & articles thereof  were China ($6.69B), Germany ($2.53B), United States ($2.12B), Italy ($1.65B), and Japan ($1.26B).

Imports In 2023 the top importers of Wadding, felt, nonwovens, twin, ropes, & articles thereof were United States ($2.8B), Germany ($1.71B), Japan ($1.13B), China ($1.08B), and France ($1.02B).

Ranking Wadding, felt, nonwovens, twin, ropes, & articles thereof ranks 30th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wadding, felt, nonwovens, twin, ropes, & articles thereof. 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$6.69B
Top Destination (2023)United States$2.8B

In 2023 Wadding, felt, nonwovens, twin, ropes, & articles thereof were the world's 71st most traded product (out of 96).

In 2023, the top exporters of Wadding, felt, nonwovens, twin, ropes, & articles thereof were China ($6.69B), Germany ($2.53B), United States ($2.12B), Italy ($1.65B), and Japan ($1.26B).

In 2023, the top importers of Wadding, felt, nonwovens, twin, ropes, & articles thereof were United States ($2.8B), Germany ($1.71B), Japan ($1.13B), China ($1.08B), and France ($1.02B).

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Exporters of Wadding, felt, nonwovens, twin, ropes, & articles thereof (2023)
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Importers of Wadding, felt, nonwovens, twin, ropes, & articles thereof (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Lithuania$52.5M
Top Destination Growth (2022 -  2023)Luxembourg$32.8M

Between 2022 and 2023, the exports of Wadding, felt, nonwovens, twin, ropes, & articles thereof grew the fastest in Lithuania ($52.5M), Bulgaria ($43.1M), Hungary ($30.2M), United Arab Emirates ($29.1M), and Slovenia ($28.7M).

Between 2022 and 2023, the fastest growing importers of Wadding, felt, nonwovens, twin, ropes, & articles thereof were Luxembourg ($32.8M), Ukraine ($30.3M), United Arab Emirates ($29.8M), Uzbekistan ($23.4M), and Tanzania ($21.9M).

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Exporters of Wadding, felt, nonwovens, twin, ropes, & articles thereof (2022 - 2023)

Importers of Wadding, felt, nonwovens, twin, ropes, & articles thereof (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wadding, felt, nonwovens, twin, ropes, & articles thereof.

In 2023, market concentration measured using Shannon Entropy, was 4.67. This means that most of the exports of Wadding, felt, nonwovens, twin, ropes, & articles thereof are explained by 25 countries.

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Value of Exports in Wadding, felt, nonwovens, twin, ropes, & articles thereof

Net Trade

TOP NET EXPORTER (2023)China$5.62B
TOP NET IMPORTER (2023)United States$679M

This map shows which countries export or import more of Wadding, felt, nonwovens, twin, ropes, & articles thereof. Each country is colored based on the difference in exports and imports of Wadding, felt, nonwovens, twin, ropes, & articles thereof during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Wadding, felt, nonwovens, twin, ropes, & articles thereof were China ($5.62B), Germany ($812M), Turkey ($723M), Italy ($720M), and Luxembourg ($361M).

In 2023, the countries that had a largest trade value in imports than in exports of Wadding, felt, nonwovens, twin, ropes, & articles thereof were United States ($679M), Vietnam ($580M), Canada ($555M), Mexico ($547M), and United Kingdom ($514M).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Wadding, felt, nonwovens, twin, ropes, &..., disaggragated by their HS6 level were Non-woven Textiles ($16.6B), Wadding ($3.17B), Twine and Rope ($2.58B), Twine, cordage or rope; knotted netting,... ($1.84B), and Felt ($1.39B)

HS6 Disaggregation for Wadding, felt, nonwovens, twin, ropes, & articles thereof (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Wadding, felt, nonwovens, twin, ropes, & articles thereof.
It is possible to select the main countries that export or import Wadding, felt, nonwovens, twin, ropes, & articles thereof in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wadding, felt, nonwovens, twin, ropes, & articles thereof by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $120M
TOP IMPORT POTENTIALGermany+ $36.6M

Wadding, felt, nonwovens, twin, ropes, & articles thereof’s highest export potential is India. With an export gap of $120M.  Wadding, felt, nonwovens, twin, ropes, & articles thereof’s highest import potential is Germany with an import gap of $36.6M.

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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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