HS Icon Silk yarn (except from waste) not retail

500400 (Harmonized System 1992 for 6-digit)

World Trade (2018): $286M, Rnk 3360 / 4726

Top Exporter (2018): $90M, China

Top Importer (2018): $109M, Italy

Product Complexity (2018): -0.92, Rnk 3913 / 4873

Export Growth (CAGR)(2017 - 2018): 8.34%, Rnk 2904 / 4726

Mean Tariff (2018): 4.85%, Rnk 4248 / 6538

Share of World Trade (2018): 0.0016%, Rnk 3360 / 4726

Overview:  This page contains the latest trade data of Silk yarn (except from waste) not retail. In 2018, Silk yarn (except from waste) not retail were the world's 3360th most traded product, with a total trade of $286M. Between 2017 and 2018 the exports of Silk yarn (except from waste) not retail grew by 8.34%, from  $264M to $286M. Trade in Silk yarn (except from waste) not retail represent 0.0016% of total world trade.

Exports: In 2018 the top exporters of Silk yarn (except from waste) not retail  were China ($90M), Romania ($71.6M), Vietnam ($37.4M), Brazil ($31.9M), and Italy ($25.5M).

Imports: In 2018 the top importers of Silk yarn (except from waste) not retail were Italy ($109M), Japan ($53.6M), France ($17.9M), Germany ($15.9M), and India ($12.3M).

Tariffs: In 2018 the average tariff for Silk yarn (except from waste) not retail was 4.85%, been the 4248 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Silk yarn (except from waste) not retail are Bahamas (40.2%), Bangladesh (25%), Ethiopia (19.8%), and Brazil (17.3%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking: Silk yarn (except from waste) not retail ranks 3913th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $90M

Top Destination (2018): Italy, $109M

Silk yarn (except from waste) not retail are the world's 3360th most traded product.

In 2018, the top exporters of Silk yarn (except from waste) not retail were China ($90M), Romania ($71.6M), Vietnam ($37.4M), Brazil ($31.9M), and Italy ($25.5M).

In 2018, the top importers of Silk yarn (except from waste) not retail were Italy ($109M), Japan ($53.6M), France ($17.9M), Germany ($15.9M), and India ($12.3M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Brazil, $6.53M

Top Destination Growth (2017 - 2018): Italy, $11.4M

Between 2017 and 2018, the exports of Silk yarn (except from waste) not retail grew the fastest in Brazil ($6.53M), Romania ($3.84M), Germany ($3.56M), China ($2.92M), and Vietnam ($2.81M).

Between 2017 and 2018, the fastest growing importers of Silk yarn (except from waste) not retail were Italy ($11.4M), Germany ($6.9M), United States ($6.07M), France ($6.05M), and Thailand ($1.88M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Silk yarn (except from waste) not retail.

In 2018,  market concentration measured using Shannon Entropy, was 2.77. This means that most of the exports of Silk yarn (except from waste) not retail are explained by 6 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $87.6M

TOP NET IMPORTER (2018): Italy, $83.7M

This map shows which countries export or import more of Silk yarn (except from waste) not retail. Each country is colored based on the difference in exports and imports of Silk yarn (except from waste) not retail during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Silk yarn (except from waste) not retail were China ($87.6M), Romania ($64.9M), Brazil ($31.2M), Vietnam ($26.1M), and Tunisia ($2.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Silk yarn (except from waste) not retail were Italy ($83.7M), Japan ($52.2M), France ($17.6M), India ($11M), and United States ($8.53M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Silk yarn (except from waste) not retail. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Silk yarn (except from waste) not retail was 4.85%.  The countries with the highest tariffs for importing Silk yarn (except from waste) not retail were Bahamas (40.2%), Bangladesh (25%), Ethiopia (19.8%), and Brazil (17.3%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.