HS Icon Raw silk (not thrown)

500200 (Harmonized System 1992 for 6-digit)

World Trade (2018): $449M, Rnk 2911 / 4726

Top Exporter (2018): $301M, China

Top Importer (2018): $162M, India

Export Growth (CAGR)(2017 - 2018): 3.74%, Rnk 3473 / 4726

Mean Tariff (2018): 6.24%, Rnk 3481 / 6538

Share of World Trade (2018): 0.0024%, Rnk 2911 / 4726

Overview:  This page contains the latest trade data of Raw silk (not thrown). In 2018, Raw silk (not thrown) were the world's 2911th most traded product, with a total trade of $449M. Between 2017 and 2018 the exports of Raw silk (not thrown) grew by 3.74%, from  $432M to $449M. Trade in Raw silk (not thrown) represent 0.0024% of total world trade.

Exports: In 2018 the top exporters of Raw silk (not thrown)  were China ($301M), Vietnam ($49.3M), Uzbekistan ($24.5M), Italy ($23.2M), and Brazil ($22.8M).

Imports: In 2018 the top importers of Raw silk (not thrown) were India ($162M), Romania ($101M), Italy ($44.9M), Vietnam ($38.4M), and Japan ($20.5M).

Tariffs: In 2018 the average tariff for Raw silk (not thrown) was 6.24%, been the 3481 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Raw silk (not thrown) are Thailand (209%), Turkmenistan (50%), Bahamas (40.2%), South Korea (25.3%), and Bangladesh (25%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $301M

Top Destination (2018): India, $162M

Raw silk (not thrown) are the world's 2911th most traded product.

In 2018, the top exporters of Raw silk (not thrown) were China ($301M), Vietnam ($49.3M), Uzbekistan ($24.5M), Italy ($23.2M), and Brazil ($22.8M).

In 2018, the top importers of Raw silk (not thrown) were India ($162M), Romania ($101M), Italy ($44.9M), Vietnam ($38.4M), and Japan ($20.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Uzbekistan, $21.8M

Top Destination Growth (2017 - 2018): Romania, $40M

Between 2017 and 2018, the exports of Raw silk (not thrown) grew the fastest in Uzbekistan ($21.8M), Vietnam ($15.3M), Brazil ($7.63M), Italy ($5.83M), and Thailand ($3.92M).

Between 2017 and 2018, the fastest growing importers of Raw silk (not thrown) were Romania ($40M), China ($8.96M), Italy ($7.43M), Iran ($7.06M), and France ($3.42M).

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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 Raw silk (not thrown).

In 2018,  market concentration measured using Shannon Entropy, was 1.82. This means that most of the exports of Raw silk (not thrown) are explained by 3 countries.

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TOP NET EXPORTER (2018): China, $292M

TOP NET IMPORTER (2018): India, $162M

This map shows which countries export or import more of Raw silk (not thrown). Each country is colored based on the difference in exports and imports of Raw silk (not thrown) during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Raw silk (not thrown) were China ($292M), Uzbekistan ($24.5M), Brazil ($19.8M), Vietnam ($10.9M), and Thailand ($4.54M).

In 2018, the countries that had a largest trade value in imports than in exports of Raw silk (not thrown) were India ($162M), Romania ($88.3M), Italy ($21.7M), Japan ($20.5M), and France ($17.9M).

Trade Forecasts

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This section shows forecasts for total trade for Raw silk (not thrown). 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 Raw silk (not thrown) was 6.24%.  The countries with the highest tariffs for importing Raw silk (not thrown) were Thailand (209%), Turkmenistan (50%), Bahamas (40.2%), South Korea (25.3%), and Bangladesh (25%).

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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.