HS Icon Synthetic Monofilament

5404 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.54B, Rnk 805 / 1225

Top Exporter (2018): $338M, Germany

Top Importer (2018): $167M, United States

Product Complexity (2018): 0.39, Rnk 418 / 1018

Export Growth (CAGR)(2017 - 2018): 6.69%, Rnk 907 / 1225

Mean Tariff (2018): 5.33%, Rnk 771 / 1259

Share of World Trade (2018): 0.0084%, Rnk 805 / 1225

Overview:  This page contains the latest trade data of Synthetic Monofilament. In 2018, Synthetic Monofilament were the world's 805th most traded product, with a total trade of $1.54B. Between 2017 and 2018 the exports of Synthetic Monofilament grew by 6.69%, from  $1.45B to $1.54B. Trade in Synthetic Monofilament represent 0.0084% of total world trade.

Exports: In 2018 the top exporters of Synthetic Monofilament  were Germany ($338M), China ($204M), United States ($164M), United Arab Emirates ($109M), and Italy ($96.8M).

Imports: In 2018 the top importers of Synthetic Monofilament were United States ($167M), China ($162M), Belgium-Luxembourg ($85.1M), Germany ($80.9M), and France ($73.8M).

Tariffs: In 2018 the average tariff for Synthetic Monofilament was 5.33%, been the 771 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Synthetic Monofilament are Bahamas (33.9%), Sudan (21.9%), Iran (21.8%), Ethiopia (19.8%), and Panama (15%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Sri Lanka (0%).

Ranking: Synthetic Monofilament ranks 418th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $338M

Top Destination (2018): United States, $167M

Synthetic Monofilament are the world's 805th most traded product.

In 2018, the top exporters of Synthetic Monofilament were Germany ($338M), China ($204M), United States ($164M), United Arab Emirates ($109M), and Italy ($96.8M).

In 2018, the top importers of Synthetic Monofilament were United States ($167M), China ($162M), Belgium-Luxembourg ($85.1M), Germany ($80.9M), and France ($73.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $33.2M

Top Destination Growth (2017 - 2018): United States, $31.9M

Between 2017 and 2018, the exports of Synthetic Monofilament grew the fastest in Germany ($33.2M), Belgium-Luxembourg ($20.3M), United Arab Emirates ($16M), United States ($12.8M), and China ($7.45M).

Between 2017 and 2018, the fastest growing importers of Synthetic Monofilament were United States ($31.9M), Italy ($23.9M), Germany ($14.5M), China ($14.3M), and Mexico ($13.1M).

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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 Synthetic Monofilament.

In 2018,  market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Synthetic Monofilament are explained by 18 countries.

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TOP NET EXPORTER (2018): Germany, $257M

TOP NET IMPORTER (2018): France, $63.3M

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

In 2018, the countries that had a largest trade value in exports than in imports of Synthetic Monofilament were Germany ($257M), United Arab Emirates ($105M), Japan ($51.3M), China ($42.4M), and South Korea ($38.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Synthetic Monofilament were France ($63.3M), Mexico ($41.9M), India ($38.3M), Canada ($34.1M), and Belgium-Luxembourg ($34.1M).

Trade Forecasts

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This section shows forecasts for total trade for Synthetic Monofilament. 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 Synthetic Monofilament was 5.33%.  The countries with the highest tariffs for importing Synthetic Monofilament were Bahamas (33.9%), Sudan (21.9%), Iran (21.8%), Ethiopia (19.8%), and Panama (15%).

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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.