HS Icon Artificial Filament Sewing Thread

5401 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.25B, Rnk 854 / 1225

Top Exporter (2018): $389M, China

Top Importer (2018): $86.5M, Mexico

Product Complexity (2018): -0.2, Rnk 611 / 1018

Export Growth (CAGR)(2017 - 2018): 8.22%, Rnk 859 / 1225

Mean Tariff (2018): 6.78%, Rnk 630 / 1259

Share of World Trade (2018): 0.0068%, Rnk 854 / 1225

Overview: In 2018, Artificial Filament Sewing Thread were the world's 854th most traded product, with a total trade of $1.25B. Between 2017 and 2018 the exports of Artificial Filament Sewing Thread grew by 8.22%, from  $1.16B to $1.25B. Trade in Artificial Filament Sewing Thread represent 0.0068% of total world trade.

Exports: In 2018 the top exporters of Artificial Filament Sewing Thread  were China ($389M), Germany ($202M), United States ($109M), United Kingdom ($41.5M), and Romania ($38.4M).

Imports: In 2018 the top importers of Artificial Filament Sewing Thread were Mexico ($86.5M), Germany ($75.5M), Vietnam ($65.1M), United States ($50.8M), and Pakistan ($46.9M).

Tariffs: In 2018 the average tariff for Artificial Filament Sewing Thread was 6.78%, been the 630 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Artificial Filament Sewing Thread are Tanzania (23.6%), Rwanda (23.5%), Uganda (23.5%), Kenya (23.4%), and Sudan (21.9%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritius (0%), Zambia (0%), and Hong Kong (0%).

Ranking: Artificial Filament Sewing Thread ranks 611th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $389M

Top Destination (2018): Mexico, $86.5M

Artificial Filament Sewing Thread are the world's 854th most traded product.

In 2018, the top exporters of Artificial Filament Sewing Thread were China ($389M), Germany ($202M), United States ($109M), United Kingdom ($41.5M), and Romania ($38.4M).

In 2018, the top importers of Artificial Filament Sewing Thread were Mexico ($86.5M), Germany ($75.5M), Vietnam ($65.1M), United States ($50.8M), and Pakistan ($46.9M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $35.5M

Top Destination Growth (2017 - 2018): Pakistan, $26.1M

Between 2017 and 2018, the exports of Artificial Filament Sewing Thread grew the fastest in China ($35.5M), Germany ($20.7M), Hungary ($14.6M), Thailand ($10M), and Romania ($9.25M).

Between 2017 and 2018, the fastest growing importers of Artificial Filament Sewing Thread were Pakistan ($26.1M), United States ($12.2M), Cambodia ($8.19M), Honduras ($7.32M), and Hong Kong ($6.76M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Artificial Filament Sewing Thread.

In 2018,  market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Artificial Filament Sewing Thread are explained by 15 countries.

TOP NET EXPORTER (2018): China, $352M

TOP NET IMPORTER (2018): Mexico, $72.2M

This map shows which countries export or import more of Artificial Filament Sewing Thread. Each country is colored based on the difference in exports and imports of Artificial Filament Sewing Thread during 2018.

In 2018, the countries that had a largest trade value in exports than imports of Artificial Filament Sewing Thread were China ($352M), Germany ($127M), United States ($58.4M), Japan ($22.5M), and United Kingdom ($21.2M).

In 2018, the countries that had a largest trade value in imports than exports of Artificial Filament Sewing Thread were Mexico ($72.2M), Vietnam ($58.5M), Pakistan ($46.6M), Cambodia ($29.4M), and Poland ($24.8M).

Trade Forecasts

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This section shows forecasts for total trade for Artificial Filament Sewing Thread. 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 Artificial Filament Sewing Thread was 6.78%.  The countries with the highest tariffs for importing Artificial Filament Sewing Thread were Tanzania (23.6%), Rwanda (23.5%), Uganda (23.5%), Kenya (23.4%), and Sudan (21.9%).

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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.