HS Icon Artificial Fibers Waste

5505 (Harmonized System 1992 for 4-digit)

World Trade (2018): $253M, Rnk 1114 / 1225

Top Exporter (2018): $34.6M, Belgium-Luxembourg

Top Importer (2018): $45M, Germany

Export Growth (CAGR)(2017 - 2018): 5.56%, Rnk 954 / 1225

Mean Tariff (2018): 6.09%, Rnk 692 / 1259

Share of World Trade (2018): 0.0014%, Rnk 1114 / 1225

Overview: In 2018, Artificial Fibers Waste were the world's 1114th most traded product, with a total trade of $253M. Between 2017 and 2018 the exports of Artificial Fibers Waste grew by 5.56%, from  $240M to $253M. Trade in Artificial Fibers Waste represent 0.0014% of total world trade.

Exports: In 2018 the top exporters of Artificial Fibers Waste  were Belgium-Luxembourg ($34.6M), United States ($30.2M), Germany ($19.9M), United Kingdom ($14.4M), and Japan ($14.1M).

Imports: In 2018 the top importers of Artificial Fibers Waste were Germany ($45M), India ($25.7M), Italy ($24.8M), Netherlands ($16.2M), and South Korea ($12.1M).

Tariffs: In 2018 the average tariff for Artificial Fibers Waste was 6.09%, been the 692 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Artificial Fibers Waste are Bahamas (40.2%), Iran (30%), Cuba (14.7%), Maldives (14.6%), and Paraguay (13.5%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Belgium-Luxembourg, $34.6M

Top Destination (2018): Germany, $45M

Artificial Fibers Waste are the world's 1114th most traded product.

In 2018, the top exporters of Artificial Fibers Waste were Belgium-Luxembourg ($34.6M), United States ($30.2M), Germany ($19.9M), United Kingdom ($14.4M), and Japan ($14.1M).

In 2018, the top importers of Artificial Fibers Waste were Germany ($45M), India ($25.7M), Italy ($24.8M), Netherlands ($16.2M), and South Korea ($12.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $12M

Top Destination Growth (2017 - 2018): Germany, $10M

Between 2017 and 2018, the exports of Artificial Fibers Waste grew the fastest in Belgium-Luxembourg ($12M), United States ($3.87M), Austria ($2.32M), Vietnam ($1.93M), and Indonesia ($1.85M).

Between 2017 and 2018, the fastest growing importers of Artificial Fibers Waste were Germany ($10M), Netherlands ($5.51M), Indonesia ($3.95M), Italy ($3.23M), and South Korea ($2.43M).

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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 Artificial Fibers Waste.

In 2018,  market concentration measured using Shannon Entropy, was 4.75. This means that most of the exports of Artificial Fibers Waste are explained by 26 countries.

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TOP NET EXPORTER (2018): Belgium-Luxembourg, $23M

TOP NET IMPORTER (2018): Germany, $25.1M

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

In 2018, the countries that had a largest trade value in exports than in imports of Artificial Fibers Waste were Belgium-Luxembourg ($23M), United States ($21.2M), United Kingdom ($7.89M), Austria ($7.63M), and Japan ($5.19M).

In 2018, the countries that had a largest trade value in imports than in exports of Artificial Fibers Waste were Germany ($25.1M), India ($23.5M), Italy ($19.6M), Netherlands ($8.68M), and Canada ($4.16M).

Trade Forecasts

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This section shows forecasts for total trade for Artificial Fibers Waste. 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 Fibers Waste was 6.09%.  The countries with the highest tariffs for importing Artificial Fibers Waste were Bahamas (40.2%), Iran (30%), Cuba (14.7%), Maldives (14.6%), and Paraguay (13.5%).

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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.