HS Icon Non-Retail Artificial Filament Yarn

5403 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.41B, Rnk 830 / 1225

Top Exporter (2018): $478M, China

Top Importer (2018): $176M, Italy

Product Complexity (2018): 0.52, Rnk 364 / 1018

Export Growth (CAGR)(2017 - 2018): 8.51%, Rnk 843 / 1225

Mean Tariff (2018): 5.23%, Rnk 787 / 1259

Share of World Trade (2018): 0.0077%, Rnk 830 / 1225

Overview: In 2018, Non-Retail Artificial Filament Yarn were the world's 830th most traded product, with a total trade of $1.41B. Between 2017 and 2018 the exports of Non-Retail Artificial Filament Yarn grew by 8.51%, from  $1.3B to $1.41B. Trade in Non-Retail Artificial Filament Yarn represent 0.0077% of total world trade.

Exports: In 2018 the top exporters of Non-Retail Artificial Filament Yarn  were China ($478M), Germany ($229M), Japan ($166M), United States ($113M), and Indonesia ($69.9M).

Imports: In 2018 the top importers of Non-Retail Artificial Filament Yarn were Italy ($176M), India ($160M), Pakistan ($158M), China ($112M), and South Korea ($92.6M).

Tariffs: In 2018 the average tariff for Non-Retail Artificial Filament Yarn was 5.23%, been the 787 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Non-Retail Artificial Filament Yarn are Bahamas (40.2%), Ethiopia (19.8%), Finland (19.4%), Argentina (17.3%), and Venezuela (17.3%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Sri Lanka (0%).

Ranking: Non-Retail Artificial Filament Yarn ranks 364th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $478M

Top Destination (2018): Italy, $176M

Non-Retail Artificial Filament Yarn are the world's 830th most traded product.

In 2018, the top exporters of Non-Retail Artificial Filament Yarn were China ($478M), Germany ($229M), Japan ($166M), United States ($113M), and Indonesia ($69.9M).

In 2018, the top importers of Non-Retail Artificial Filament Yarn were Italy ($176M), India ($160M), Pakistan ($158M), China ($112M), and South Korea ($92.6M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $71.5M

Top Destination Growth (2017 - 2018): India, $41.4M

Between 2017 and 2018, the exports of Non-Retail Artificial Filament Yarn grew the fastest in China ($71.5M), Germany ($36.1M), Indonesia ($10.8M), Italy ($9.46M), and Belgium-Luxembourg ($9.12M).

Between 2017 and 2018, the fastest growing importers of Non-Retail Artificial Filament Yarn were India ($41.4M), China ($19.3M), Pakistan ($14M), Turkey ($11.5M), and Italy ($9.14M).

Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Non-Retail Artificial Filament Yarn.

In 2018,  market concentration measured using Shannon Entropy, was 3.27. This means that most of the exports of Non-Retail Artificial Filament Yarn are explained by 9 countries.

TOP NET EXPORTER (2018): China, $367M

TOP NET IMPORTER (2018): Pakistan, $157M

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

In 2018, the countries that had a largest trade value in exports than imports of Non-Retail Artificial Filament Yarn were China ($367M), Germany ($170M), Japan ($131M), United States ($96.3M), and Indonesia ($54.5M).

In 2018, the countries that had a largest trade value in imports than exports of Non-Retail Artificial Filament Yarn were Pakistan ($157M), Italy ($127M), India ($104M), South Korea ($87.4M), and Egypt ($77.2M).

Trade Forecasts

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This section shows forecasts for total trade for Non-Retail Artificial 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 Artificial Filament Yarn was 5.23%.  The countries with the highest tariffs for importing Non-Retail Artificial Filament Yarn were Bahamas (40.2%), Ethiopia (19.8%), Finland (19.4%), Argentina (17.3%), 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.