HS Icon Other Vegetable Fibers Yarn

5308 (Harmonized System 1992 for 4-digit)

World Trade (2018): $93.2M, Rnk 1181 / 1225

Top Exporter (2018): $26.6M, China

Top Importer (2018): $9.8M, United States

Export Growth (CAGR)(2017 - 2018): 0.5%, Rnk 1076 / 1225

Mean Tariff (2018): 4.79%, Rnk 858 / 1259

Share of World Trade (2018): 0.00051%, Rnk 1181 / 1225

Overview:  This page contains the latest trade data of Other Vegetable Fibers Yarn. In 2018, Other Vegetable Fibers Yarn were the world's 1181st most traded product, with a total trade of $93.2M. Between 2017 and 2018 the exports of Other Vegetable Fibers Yarn grew by 0.5%, from  $92.7M to $93.2M. Trade in Other Vegetable Fibers Yarn represent 0.00051% of total world trade.

Exports: In 2018 the top exporters of Other Vegetable Fibers Yarn  were China ($26.6M), Italy ($11.7M), Brazil ($10.5M), India ($8.21M), and Japan ($5.74M).

Imports: In 2018 the top importers of Other Vegetable Fibers Yarn were United States ($9.8M), Japan ($8.24M), South Korea ($7.93M), Vietnam ($5.85M), and Portugal ($4.9M).

Tariffs: In 2018 the average tariff for Other Vegetable Fibers Yarn was 4.79%, been the 858 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Vegetable Fibers Yarn are Bahamas (40.2%), Sudan (21.9%), Ethiopia (19.8%), Venezuela (17.3%), and Brazil (17.3%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Lebanon (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $26.6M

Top Destination (2018): United States, $9.8M

Other Vegetable Fibers Yarn are the world's 1181st most traded product.

In 2018, the top exporters of Other Vegetable Fibers Yarn were China ($26.6M), Italy ($11.7M), Brazil ($10.5M), India ($8.21M), and Japan ($5.74M).

In 2018, the top importers of Other Vegetable Fibers Yarn were United States ($9.8M), Japan ($8.24M), South Korea ($7.93M), Vietnam ($5.85M), and Portugal ($4.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $993k

Top Destination Growth (2017 - 2018): Vietnam, $1.55M

Between 2017 and 2018, the exports of Other Vegetable Fibers Yarn grew the fastest in Italy ($993k), Chinese Taipei ($839k), Denmark ($787k), Kenya ($767k), and United States ($628k).

Between 2017 and 2018, the fastest growing importers of Other Vegetable Fibers Yarn were Vietnam ($1.55M), Russia ($983k), South Korea ($886k), United Kingdom ($767k), and Argentina ($743k).

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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 Other Vegetable Fibers Yarn.

In 2018,  market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Other Vegetable Fibers Yarn are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $23.6M

TOP NET IMPORTER (2018): South Korea, $7.8M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Vegetable Fibers Yarn were China ($23.6M), Brazil ($10.3M), Italy ($8.58M), India ($6.11M), and Sri Lanka ($3.11M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Vegetable Fibers Yarn were South Korea ($7.8M), United States ($6.69M), Vietnam ($5.63M), Portugal ($4.73M), and Russia ($3.24M).

Trade Forecasts

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This section shows forecasts for total trade for Other Vegetable Fibers 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 Other Vegetable Fibers Yarn was 4.79%.  The countries with the highest tariffs for importing Other Vegetable Fibers Yarn were Bahamas (40.2%), Sudan (21.9%), Ethiopia (19.8%), Venezuela (17.3%), and Brazil (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.