HS Icon Non-Retail Synthetic Staple Fibers Yarn

5509 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6B, Rnk 455 / 1225

Top Exporter (2018): $1.71B, China

Top Importer (2018): $591M, Bangladesh

Product Complexity (2018): -0.42, Rnk 676 / 1018

Export Growth (CAGR)(2017 - 2018): 12%, Rnk 670 / 1225

Mean Tariff (2018): 6.76%, Rnk 631 / 1259

Share of World Trade (2018): 0.033%, Rnk 455 / 1225

Overview: In 2018, Non-Retail Synthetic Staple Fibers Yarn were the world's 455th most traded product, with a total trade of $6B. Between 2017 and 2018 the exports of Non-Retail Synthetic Staple Fibers Yarn grew by 12%, from  $5.36B to $6B. Trade in Non-Retail Synthetic Staple Fibers Yarn represent 0.033% of total world trade.

Exports: In 2018 the top exporters of Non-Retail Synthetic Staple Fibers Yarn  were China ($1.71B), Indonesia ($878M), India ($619M), United States ($544M), and Turkey ($270M).

Imports: In 2018 the top importers of Non-Retail Synthetic Staple Fibers Yarn were Bangladesh ($591M), Honduras ($427M), Turkey ($405M), South Korea ($278M), and Italy ($236M).

Tariffs: In 2018 the average tariff for Non-Retail Synthetic Staple Fibers Yarn was 6.76%, been the 631 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Non-Retail Synthetic Staple Fibers Yarn are Bahamas (40.2%), Iran (23.3%), Ethiopia (19.8%), Argentina (16.5%), and Venezuela (16.5%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Sri Lanka (0%).

Ranking: Non-Retail Synthetic Staple Fibers Yarn ranks 676th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.71B

Top Destination (2018): Bangladesh, $591M

Non-Retail Synthetic Staple Fibers Yarn are the world's 455th most traded product.

In 2018, the top exporters of Non-Retail Synthetic Staple Fibers Yarn were China ($1.71B), Indonesia ($878M), India ($619M), United States ($544M), and Turkey ($270M).

In 2018, the top importers of Non-Retail Synthetic Staple Fibers Yarn were Bangladesh ($591M), Honduras ($427M), Turkey ($405M), South Korea ($278M), and Italy ($236M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $274M

Top Destination Growth (2017 - 2018): Bangladesh, $182M

Between 2017 and 2018, the exports of Non-Retail Synthetic Staple Fibers Yarn grew the fastest in China ($274M), United States ($70.6M), Thailand ($65M), Vietnam ($48.1M), and Chinese Taipei ($44.5M).

Between 2017 and 2018, the fastest growing importers of Non-Retail Synthetic Staple Fibers Yarn were Bangladesh ($182M), Honduras ($100M), Vietnam ($53.9M), Egypt ($42.6M), and Colombia ($40.4M).

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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 Staple Fibers Yarn.

In 2018,  market concentration measured using Shannon Entropy, was 3.85. This means that most of the exports of Non-Retail Synthetic Staple Fibers Yarn are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $1.51B

TOP NET IMPORTER (2018): Bangladesh, $582M

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

In 2018, the countries that had a largest trade value in exports than in imports of Non-Retail Synthetic Staple Fibers Yarn were China ($1.51B), Indonesia ($814M), India ($436M), United States ($390M), and Thailand ($109M).

In 2018, the countries that had a largest trade value in imports than in exports of Non-Retail Synthetic Staple Fibers Yarn were Bangladesh ($582M), Honduras ($427M), South Korea ($244M), Brazil ($214M), and Egypt ($142M).

Trade Forecasts

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This section shows forecasts for total trade for Non-Retail Synthetic Staple Fibers 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 Staple Fibers Yarn was 6.76%.  The countries with the highest tariffs for importing Non-Retail Synthetic Staple Fibers Yarn were Bahamas (40.2%), Iran (23.3%), Ethiopia (19.8%), Argentina (16.5%), and Venezuela (16.5%).

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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.