HS Icon Carded Wool or Animal Hair Fabric

5111 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.2B, Rnk 869 / 1225

Top Exporter (2018): $508M, Italy

Top Importer (2018): $127M, China

Product Complexity (2018): 0.11, Rnk 502 / 1018

Export Growth (CAGR)(2017 - 2018): 12.4%, Rnk 650 / 1225

Mean Tariff (2018): 15.1%, Rnk 192 / 1259

Share of World Trade (2018): 0.0065%, Rnk 869 / 1225

Overview:  This page contains the latest trade data of Carded Wool or Animal Hair Fabric. In 2018, Carded Wool or Animal Hair Fabric were the world's 869th most traded product, with a total trade of $1.2B. Between 2017 and 2018 the exports of Carded Wool or Animal Hair Fabric grew by 12.4%, from  $1.06B to $1.2B. Trade in Carded Wool or Animal Hair Fabric represent 0.0065% of total world trade.

Exports: In 2018 the top exporters of Carded Wool or Animal Hair Fabric  were Italy ($508M), China ($147M), United Kingdom ($107M), Japan ($76.2M), and Germany ($41.4M).

Imports: In 2018 the top importers of Carded Wool or Animal Hair Fabric were China ($127M), Vietnam ($73.9M), Morocco ($60.5M), Romania ($59.9M), and France ($55.1M).

Tariffs: In 2018 the average tariff for Carded Wool or Animal Hair Fabric was 15.1%, been the 192 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Carded Wool or Animal Hair Fabric are Iran (70%), Sudan (35%), Ethiopia (34.7%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Lebanon (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Carded Wool or Animal Hair Fabric ranks 502nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $508M

Top Destination (2018): China, $127M

Carded Wool or Animal Hair Fabric are the world's 869th most traded product.

In 2018, the top exporters of Carded Wool or Animal Hair Fabric were Italy ($508M), China ($147M), United Kingdom ($107M), Japan ($76.2M), and Germany ($41.4M).

In 2018, the top importers of Carded Wool or Animal Hair Fabric were China ($127M), Vietnam ($73.9M), Morocco ($60.5M), Romania ($59.9M), and France ($55.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $52M

Top Destination Growth (2017 - 2018): China, $23.9M

Between 2017 and 2018, the exports of Carded Wool or Animal Hair Fabric grew the fastest in Italy ($52M), United Kingdom ($16.9M), China ($14.2M), Denmark ($12.9M), and Japan ($11.2M).

Between 2017 and 2018, the fastest growing importers of Carded Wool or Animal Hair Fabric were China ($23.9M), Poland ($12.3M), Morocco ($11.1M), Russia ($8.83M), and Hong Kong ($8.31M).

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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 Carded Wool or Animal Hair Fabric.

In 2018,  market concentration measured using Shannon Entropy, was 3.39. This means that most of the exports of Carded Wool or Animal Hair Fabric are explained by 10 countries.

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TOP NET EXPORTER (2018): Italy, $476M

TOP NET IMPORTER (2018): Vietnam, $70.9M

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

In 2018, the countries that had a largest trade value in exports than in imports of Carded Wool or Animal Hair Fabric were Italy ($476M), United Kingdom ($76.8M), Japan ($46.4M), China ($19.9M), and Norway ($14.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Carded Wool or Animal Hair Fabric were Vietnam ($70.9M), Morocco ($59.9M), Romania ($53.3M), Poland ($31.5M), and Turkey ($31.1M).

Trade Forecasts

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This section shows forecasts for total trade for Carded Wool or Animal Hair Fabric. 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 Carded Wool or Animal Hair Fabric was 15.1%.  The countries with the highest tariffs for importing Carded Wool or Animal Hair Fabric were Iran (70%), Sudan (35%), Ethiopia (34.7%), Cameroon (29.4%), and Gabon (29.4%).

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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.