HS Icon Non-Retail Artificial Staple Fibers Yarn

5510 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.64B, Rnk 789 / 1225

Top Exporter (2018): $494M, Indonesia

Top Importer (2018): $202M, Bangladesh

Product Complexity (2018): -0.29, Rnk 634 / 1018

Export Growth (CAGR)(2017 - 2018): 6.96%, Rnk 893 / 1225

Mean Tariff (2018): 7.15%, Rnk 610 / 1259

Share of World Trade (2018): 0.0089%, Rnk 789 / 1225

Overview:  This page contains the latest trade data of Non-Retail Artificial Staple Fibers Yarn. In 2018, Non-Retail Artificial Staple Fibers Yarn were the world's 789th most traded product, with a total trade of $1.64B. Between 2017 and 2018 the exports of Non-Retail Artificial Staple Fibers Yarn grew by 6.96%, from  $1.53B to $1.64B. Trade in Non-Retail Artificial Staple Fibers Yarn represent 0.0089% of total world trade.

Exports: In 2018 the top exporters of Non-Retail Artificial Staple Fibers Yarn  were Indonesia ($494M), China ($456M), India ($107M), Vietnam ($98M), and Turkey ($67.2M).

Imports: In 2018 the top importers of Non-Retail Artificial Staple Fibers Yarn were Bangladesh ($202M), Brazil ($184M), Turkey ($148M), Italy ($127M), and South Korea ($105M).

Tariffs: In 2018 the average tariff for Non-Retail Artificial Staple Fibers Yarn was 7.15%, been the 610 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Non-Retail Artificial Staple Fibers Yarn are Bahamas (40.2%), Iran (25%), Ethiopia (19.8%), 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 Staple Fibers Yarn ranks 634th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Indonesia, $494M

Top Destination (2018): Bangladesh, $202M

Non-Retail Artificial Staple Fibers Yarn are the world's 789th most traded product.

In 2018, the top exporters of Non-Retail Artificial Staple Fibers Yarn were Indonesia ($494M), China ($456M), India ($107M), Vietnam ($98M), and Turkey ($67.2M).

In 2018, the top importers of Non-Retail Artificial Staple Fibers Yarn were Bangladesh ($202M), Brazil ($184M), Turkey ($148M), Italy ($127M), and South Korea ($105M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $83.3M

Top Destination Growth (2017 - 2018): India, $57.3M

Between 2017 and 2018, the exports of Non-Retail Artificial Staple Fibers Yarn grew the fastest in China ($83.3M), Croatia ($30.8M), Indonesia ($26.3M), Belgium-Luxembourg ($14.1M), and Italy ($14.1M).

Between 2017 and 2018, the fastest growing importers of Non-Retail Artificial Staple Fibers Yarn were India ($57.3M), Egypt ($43.1M), Bangladesh ($41.5M), Austria ($25.9M), and France ($15.9M).

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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 Artificial Staple Fibers Yarn.

In 2018,  market concentration measured using Shannon Entropy, was 3.38. This means that most of the exports of Non-Retail Artificial Staple Fibers Yarn are explained by 10 countries.

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TOP NET EXPORTER (2018): Indonesia, $487M

TOP NET IMPORTER (2018): Bangladesh, $201M

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

In 2018, the countries that had a largest trade value in exports than in imports of Non-Retail Artificial Staple Fibers Yarn were Indonesia ($487M), China ($398M), Vietnam ($39.6M), Croatia ($35.1M), and India ($34.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Non-Retail Artificial Staple Fibers Yarn were Bangladesh ($201M), Brazil ($184M), South Korea ($85.7M), Turkey ($81.3M), and Egypt ($69.9M).

Trade Forecasts

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This section shows forecasts for total trade for Non-Retail Artificial 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 Artificial Staple Fibers Yarn was 7.15%.  The countries with the highest tariffs for importing Non-Retail Artificial Staple Fibers Yarn were Bahamas (40.2%), Iran (25%), Ethiopia (19.8%), 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.