HS Icon Non-Retail Carded Wool Yarn

5106 (Harmonized System 1992 for 4-digit)

World Trade (2018): $709M, Rnk 974 / 1225

Top Exporter (2018): $198M, China

Top Importer (2018): $107M, Hong Kong

Export Growth (CAGR)(2017 - 2018): 22.7%, Rnk 269 / 1225

Mean Tariff (2018): 5.66%, Rnk 735 / 1259

Share of World Trade (2018): 0.0039%, Rnk 974 / 1225

Overview:  This page contains the latest trade data of Non-Retail Carded Wool Yarn. In 2018, Non-Retail Carded Wool Yarn were the world's 974th most traded product, with a total trade of $709M. Between 2017 and 2018 the exports of Non-Retail Carded Wool Yarn grew by 22.7%, from  $578M to $709M. Trade in Non-Retail Carded Wool Yarn represent 0.0039% of total world trade.

Exports: In 2018 the top exporters of Non-Retail Carded Wool Yarn  were China ($198M), Italy ($165M), Lithuania ($65.3M), United Kingdom ($56.7M), and Denmark ($26.2M).

Imports: In 2018 the top importers of Non-Retail Carded Wool Yarn were Hong Kong ($107M), United Kingdom ($88.8M), Vietnam ($33.5M), Italy ($30.4M), and Denmark ($29.2M).

Tariffs: In 2018 the average tariff for Non-Retail Carded Wool Yarn was 5.66%, been the 735 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Non-Retail Carded Wool Yarn are Bahamas (40.2%), Uzbekistan (28.7%), Ethiopia (19.8%), Iran (17.5%), and Venezuela (17.3%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritius (0%), South Africa (0%), and Hong Kong (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $198M

Top Destination (2018): Hong Kong, $107M

Non-Retail Carded Wool Yarn are the world's 974th most traded product.

In 2018, the top exporters of Non-Retail Carded Wool Yarn were China ($198M), Italy ($165M), Lithuania ($65.3M), United Kingdom ($56.7M), and Denmark ($26.2M).

In 2018, the top importers of Non-Retail Carded Wool Yarn were Hong Kong ($107M), United Kingdom ($88.8M), Vietnam ($33.5M), Italy ($30.4M), and Denmark ($29.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $68.2M

Top Destination Growth (2017 - 2018): Croatia, $24M

Between 2017 and 2018, the exports of Non-Retail Carded Wool Yarn grew the fastest in China ($68.2M), Lithuania ($31.7M), Italy ($21.1M), Croatia ($16.2M), and United Kingdom ($14.4M).

Between 2017 and 2018, the fastest growing importers of Non-Retail Carded Wool Yarn were Croatia ($24M), Vietnam ($20.7M), Hong Kong ($15.6M), Denmark ($12.3M), and Nepal ($9.72M).

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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 Non-Retail Carded Wool Yarn.

In 2018,  market concentration measured using Shannon Entropy, was 3.53. This means that most of the exports of Non-Retail Carded Wool Yarn are explained by 11 countries.

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TOP NET EXPORTER (2018): China, $180M

TOP NET IMPORTER (2018): Hong Kong, $91M

This map shows which countries export or import more of Non-Retail Carded Wool Yarn. Each country is colored based on the difference in exports and imports of Non-Retail Carded Wool Yarn during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Non-Retail Carded Wool Yarn were China ($180M), Italy ($135M), Lithuania ($61.7M), Mauritius ($16.3M), and Estonia ($11.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Non-Retail Carded Wool Yarn were Hong Kong ($91M), Vietnam ($32.6M), United Kingdom ($32.1M), Netherlands ($23.8M), and United States ($23M).

Trade Forecasts

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This section shows forecasts for total trade for Non-Retail Carded Wool Yarn. 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 Non-Retail Carded Wool Yarn was 5.66%.  The countries with the highest tariffs for importing Non-Retail Carded Wool Yarn were Bahamas (40.2%), Uzbekistan (28.7%), Ethiopia (19.8%), Iran (17.5%), and Venezuela (17.3%).

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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.