HS Icon Yarn of artificial filament, single, nes, not retail

540339 (Harmonized System 1992 for 6-digit)

World Trade (2018): $167M, Rnk 3800 / 4726

Top Exporter (2018): $145M, Japan

Top Importer (2018): $52.6M, China

Product Complexity (2018): 0.59, Rnk 1496 / 4873

Export Growth (CAGR)(2017 - 2018): 30.7%, Rnk 780 / 4726

Mean Tariff (2018): 4.66%, Rnk 4411 / 6538

Share of World Trade (2018): 0.00091%, Rnk 3800 / 4726

Overview:  This page contains the latest trade data of Yarn of artificial filament, single, nes, not retail. In 2018, Yarn of artificial filament, single, nes, not retail were the world's 3800th most traded product, with a total trade of $167M. Between 2017 and 2018 the exports of Yarn of artificial filament, single, nes, not retail grew by 30.7%, from  $128M to $167M. Trade in Yarn of artificial filament, single, nes, not retail represent 0.00091% of total world trade.

Exports: In 2018 the top exporters of Yarn of artificial filament, single, nes, not retail  were Japan ($145M), China ($8.4M), Italy ($5.85M), Chinese Taipei ($4.05M), and Spain ($1.09M).

Imports: In 2018 the top importers of Yarn of artificial filament, single, nes, not retail were China ($52.6M), India ($50.4M), Pakistan ($20.6M), Italy ($13.2M), and Turkey ($7.65M).

Tariffs: In 2018 the average tariff for Yarn of artificial filament, single, nes, not retail was 4.66%, been the 4411 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Yarn of artificial filament, single, nes, not retail are Bahamas (40.2%), Finland (20%), Ethiopia (19.8%), Venezuela (17.3%), and Brazil (17.3%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Sri Lanka (0%).

Ranking: Yarn of artificial filament, single, nes, not retail ranks 1496th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $145M

Top Destination (2018): China, $52.6M

Yarn of artificial filament, single, nes, not retail are the world's 3800th most traded product.

In 2018, the top exporters of Yarn of artificial filament, single, nes, not retail were Japan ($145M), China ($8.4M), Italy ($5.85M), Chinese Taipei ($4.05M), and Spain ($1.09M).

In 2018, the top importers of Yarn of artificial filament, single, nes, not retail were China ($52.6M), India ($50.4M), Pakistan ($20.6M), Italy ($13.2M), and Turkey ($7.65M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Japan, $48.1M

Top Destination Growth (2017 - 2018): India, $42.4M

Between 2017 and 2018, the exports of Yarn of artificial filament, single, nes, not retail grew the fastest in Japan ($48.1M), Spain ($1.03M), Italy ($665k), Chinese Taipei ($650k), and Austria ($274k).

Between 2017 and 2018, the fastest growing importers of Yarn of artificial filament, single, nes, not retail were India ($42.4M), China ($8.6M), Pakistan ($4.77M), Vietnam ($788k), and Portugal ($721k).

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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 Yarn of artificial filament, single, nes, not retail.

In 2018,  market concentration measured using Shannon Entropy, was 0.93. This means that most of the exports of Yarn of artificial filament, single, nes, not retail are explained by 1 countries.

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TOP NET EXPORTER (2018): Japan, $144M

TOP NET IMPORTER (2018): India, $50.3M

This map shows which countries export or import more of Yarn of artificial filament, single, nes, not retail. Each country is colored based on the difference in exports and imports of Yarn of artificial filament, single, nes, not retail during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Yarn of artificial filament, single, nes, not retail were Japan ($144M), Chinese Taipei ($3.93M), Spain ($604k), Austria ($345k), and Hong Kong ($145k).

In 2018, the countries that had a largest trade value in imports than in exports of Yarn of artificial filament, single, nes, not retail were India ($50.3M), China ($44.2M), Pakistan ($20.5M), Turkey ($7.54M), and Italy ($7.35M).

Trade Forecasts

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This section shows forecasts for total trade for Yarn of artificial filament, single, nes, not retail. 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 Yarn of artificial filament, single, nes, not retail was 4.66%.  The countries with the highest tariffs for importing Yarn of artificial filament, single, nes, not retail were Bahamas (40.2%), Finland (20%), 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.