HS Icon Textiles

XI (Harmonized System 1992 for Section)

World Trade (2018): $815B, Rnk 7 / 21

Top Exporter (2018): $258B, China

Top Importer (2018): $118B, United States

Product Complexity (2018): -0.46, Rnk 15 / 21

Export Growth (CAGR)(2017 - 2018): 13.2%, Rnk 9 / 21

Mean Tariff (2018): 15.4%, Rnk 5 / 21

Share of World Trade (2018): 4.43%, Rnk 7 / 21

Overview:  This page contains the latest trade data of Textiles. In 2018, Textiles were the world's 7th most traded product, with a total trade of $815B. Between 2017 and 2018 the exports of Textiles grew by 13.2%, from  $719B to $815B. Trade in Textiles represent 4.43% of total world trade.

Exports: In 2018 the top exporters of Textiles  were China ($258B), Bangladesh ($41B), Vietnam ($38.4B), Germany ($38.1B), and India ($37.2B).

Imports: In 2018 the top importers of Textiles were United States ($118B), Germany ($61.3B), Japan ($36.5B), France ($35.3B), and United Kingdom ($34.6B).

Tariffs: In 2018 the average tariff for Textiles was 15.4%, been the 5 lowest tariff using the Section product classification.

The countries with the highest import tariffs for Textiles are Iran (60.4%), Syria (29.9%), Ethiopia (28.9%), Bahamas (28.7%), and Sudan (26.8%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Mauritius (0.42%), and Sri Lanka (0.59%).

Ranking: Textiles ranks 15th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $258B

Top Destination (2018): United States, $118B

Textiles are the world's 7th most traded product.

In 2018, the top exporters of Textiles were China ($258B), Bangladesh ($41B), Vietnam ($38.4B), Germany ($38.1B), and India ($37.2B).

In 2018, the top importers of Textiles were United States ($118B), Germany ($61.3B), Japan ($36.5B), France ($35.3B), and United Kingdom ($34.6B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $18.6B

Top Destination Growth (2017 - 2018): Germany, $9.26B

Between 2017 and 2018, the exports of Textiles grew the fastest in China ($18.6B), Germany ($9.46B), Vietnam ($5.3B), Italy ($5.17B), and Bangladesh ($5.14B).

Between 2017 and 2018, the fastest growing importers of Textiles were Germany ($9.26B), Vietnam ($6.22B), United States ($6.2B), France ($4.7B), and Poland ($4.49B).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Textiles.

In 2018,  market concentration measured using Shannon Entropy, was 4.57. This means that most of the exports of Textiles are explained by 23 countries.

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TOP NET EXPORTER (2018): China, $228B

TOP NET IMPORTER (2018): United States, $92.1B

This map shows which countries export or import more of Textiles. Each country is colored based on the difference in exports and imports of Textiles during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Textiles were China ($228B), India ($28.7B), Bangladesh ($27.9B), Turkey ($18B), and Vietnam ($10.6B).

In 2018, the countries that had a largest trade value in imports than in exports of Textiles were United States ($92.1B), Japan ($27.7B), Germany ($23.2B), United Kingdom ($22.7B), and France ($18.7B).

Trade Forecasts

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This section shows forecasts for total trade for Textiles. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Textiles was 15.4%.  The countries with the highest tariffs for importing Textiles were Iran (60.4%), Syria (29.9%), Ethiopia (28.9%), Bahamas (28.7%), and Sudan (26.8%).

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Product Complexity

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Diversification Frontier

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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.