HS Icon Non-Retail Synthetic Filament Yarn

5402 (Harmonized System 1992 for 4-digit)

World Trade (2018): $19.5B, Rnk 189 / 1225

Top Exporter (2018): $5.68B, China

Top Importer (2018): $1.51B, Turkey

Product Complexity (2018): 0.48, Rnk 378 / 1018

Export Growth (CAGR)(2017 - 2018): 11%, Rnk 722 / 1225

Mean Tariff (2018): 5.5%, Rnk 751 / 1259

Share of World Trade (2018): 0.11%, Rnk 189 / 1225

Overview:  This page contains the latest trade data of Non-Retail Synthetic Filament Yarn. In 2018, Non-Retail Synthetic Filament Yarn were the world's 189th most traded product, with a total trade of $19.5B. Between 2017 and 2018 the exports of Non-Retail Synthetic Filament Yarn grew by 11%, from  $17.6B to $19.5B. Trade in Non-Retail Synthetic Filament Yarn represent 0.11% of total world trade.

Exports: In 2018 the top exporters of Non-Retail Synthetic Filament Yarn  were China ($5.68B), India ($1.33B), Chinese Taipei ($1.19B), South Korea ($1.14B), and United States ($949M).

Imports: In 2018 the top importers of Non-Retail Synthetic Filament Yarn were Turkey ($1.51B), United States ($1.28B), China ($1.11B), Vietnam ($1.08B), and Germany ($845M).

Tariffs: In 2018 the average tariff for Non-Retail Synthetic Filament Yarn was 5.5%, been the 751 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Non-Retail Synthetic Filament Yarn are Bahamas (40.2%), Iran (21.7%), Ethiopia (19.8%), Venezuela (15.2%), and Argentina (15.2%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Sri Lanka (0%).

Ranking: Non-Retail Synthetic Filament Yarn ranks 378th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $5.68B

Top Destination (2018): Turkey, $1.51B

Non-Retail Synthetic Filament Yarn are the world's 189th most traded product.

In 2018, the top exporters of Non-Retail Synthetic Filament Yarn were China ($5.68B), India ($1.33B), Chinese Taipei ($1.19B), South Korea ($1.14B), and United States ($949M).

In 2018, the top importers of Non-Retail Synthetic Filament Yarn were Turkey ($1.51B), United States ($1.28B), China ($1.11B), Vietnam ($1.08B), and Germany ($845M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $788M

Top Destination Growth (2017 - 2018): Vietnam, $468M

Between 2017 and 2018, the exports of Non-Retail Synthetic Filament Yarn grew the fastest in China ($788M), Chinese Taipei ($286M), Vietnam ($197M), Belgium-Luxembourg ($137M), and Slovenia ($112M).

Between 2017 and 2018, the fastest growing importers of Non-Retail Synthetic Filament Yarn were Vietnam ($468M), Thailand ($177M), Indonesia ($129M), United States ($120M), and Bangladesh ($112M).

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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 Synthetic Filament Yarn.

In 2018,  market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Non-Retail Synthetic Filament Yarn are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $4.57B

TOP NET IMPORTER (2018): Turkey, $834M

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

In 2018, the countries that had a largest trade value in exports than in imports of Non-Retail Synthetic Filament Yarn were China ($4.57B), Chinese Taipei ($952M), India ($860M), South Korea ($362M), and Malaysia ($234M).

In 2018, the countries that had a largest trade value in imports than in exports of Non-Retail Synthetic Filament Yarn were Turkey ($834M), Brazil ($749M), Egypt ($565M), Pakistan ($400M), and Bangladesh ($375M).

Trade Forecasts

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This section shows forecasts for total trade for Non-Retail Synthetic Filament 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 Synthetic Filament Yarn was 5.5%.  The countries with the highest tariffs for importing Non-Retail Synthetic Filament Yarn were Bahamas (40.2%), Iran (21.7%), Ethiopia (19.8%), Venezuela (15.2%), and Argentina (15.2%).

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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.