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550510 (Harmonized System 1992 for 6-digit)

2023
World Trade $218MRnk 3609 / 4644
2023
Top Exporter | Top Importer $22.2M | $28MNetherlands | Italy
2023
Product Complexity -0.56Rnk 3301 / 4656
2022 - 2023
Export Growth (CAGR) -19%Rnk 3613 / 4644
2023
Share of World Trade 0.00096%Rnk 3609 / 4644

About

Overview This page contains the latest trade data of Waste of synthetic fibres. In 2023, Waste of synthetic fibres were the world's 3609th most traded product, with a total trade of $218M. Between 2022 and 2023 the exports of Waste of synthetic fibres decreased by -19%, from $269M to $218M. Trade in Waste of synthetic fibres represent 0.00096% of total world trade.

Waste of synthetic fibres are a part of Artificial Fibers Waste.

Exports In 2023 the top exporters of Waste of synthetic fibres  were Netherlands ($22.2M), Belgium ($21.9M), United States ($18M), Morocco ($13.3M), and Turkey ($12.6M).

Imports In 2023 the top importers of Waste of synthetic fibres were Italy ($28M), Netherlands ($21.2M), Germany ($20.2M), Morocco ($17.4M), and Belgium ($14.2M).

Ranking Waste of synthetic fibres ranks 3301st in the Product Complexity Index (PCI).

Description Synthetic fibres are commonly used in items such as carpets, clothing, and insulation materials.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Waste of synthetic fibres. 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)Netherlands$22.2M
Top Destination (2023)Italy$28M

In 2023 Waste of synthetic fibres were the world's 3609th most traded product (out of 4,644).

In 2023, the top exporters of Waste of synthetic fibres were Netherlands ($22.2M), Belgium ($21.9M), United States ($18M), Morocco ($13.3M), and Turkey ($12.6M).

In 2023, the top importers of Waste of synthetic fibres were Italy ($28M), Netherlands ($21.2M), Germany ($20.2M), Morocco ($17.4M), and Belgium ($14.2M).

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Exporters of Waste of synthetic fibres (2023)
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Importers of Waste of synthetic fibres (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Latvia$8.66M
Top Destination Growth (2022 -  2023)Ukraine$13.2M

Between 2022 and 2023, the exports of Waste of synthetic fibres grew the fastest in Latvia ($8.66M), Netherlands ($7.87M), China ($2.83M), France ($2.45M), and Bulgaria ($1.96M).

Between 2022 and 2023, the fastest growing importers of Waste of synthetic fibres were Ukraine ($13.2M), Morocco ($7.54M), France ($2.67M), Belgium ($1.28M), and Ethiopia ($960k).

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Exporters of Waste of synthetic fibres (2022 - 2023)

Importers of Waste of synthetic fibres (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Waste of synthetic fibres.

In 2023, market concentration measured using Shannon Entropy, was 4.78. This means that most of the exports of Waste of synthetic fibres are explained by 27 countries.

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Value of Exports in Waste of synthetic fibres

Net Trade

TOP NET EXPORTER (2023)United States$11.7M
TOP NET IMPORTER (2023)Italy$22.2M

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

In 2023, the countries that had a largest trade value in exports than in imports of Waste of synthetic fibres were United States ($11.7M), Latvia ($11M), Belgium ($7.66M), United Kingdom ($7.48M), and China ($5.27M).

In 2023, the countries that had a largest trade value in imports than in exports of Waste of synthetic fibres were Italy ($22.2M), Ukraine ($13.5M), Germany ($8.53M), Ireland ($4.63M), and India ($4.11M).

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 Waste of synthetic fibres.
It is possible to select the main countries that export or import Waste of synthetic fibres in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Waste of synthetic fibres 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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