Overview: In 2018, Synthetic Fabrics were the world's 630th most traded product, with a total trade of $2.96B. Between 2017 and 2018 the exports of Synthetic Fabrics grew by 7%, from $2.76B to $2.96B. Trade in Synthetic Fabrics represent 0.016% of total world trade.
Exports: In 2018 the top exporters of Synthetic Fabrics were China ($1.08B), Germany ($212M), United States ($198M), South Korea ($192M), and Italy ($153M).
Imports: In 2018 the top importers of Synthetic Fabrics were Vietnam ($260M), Morocco ($157M), Germany ($133M), China ($128M), and Mexico ($123M).
Tariffs: In 2018 the average tariff for Synthetic Fabrics was 12%, been the 315 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Synthetic Fabrics are Iran (40%), Sudan (35%), Ethiopia (34.7%), Uzbekistan (28.7%), and Bahamas (26.8%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Lebanon (0%), Sri Lanka (0%), and Singapore (0%).
Ranking: Synthetic Fabrics ranks 628th in the Product Complexity Index (PCI).