HS Icon Woven Fabric of Synthetic Staple Fibers

5516 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.12B, Rnk 560 / 1225

Top Exporter (2018): $2.6B, China

Top Importer (2018): $301M, Vietnam

Product Complexity (2018): -0.79, Rnk 768 / 1018

Export Growth (CAGR)(2017 - 2018): 2.11%, Rnk 1037 / 1225

Mean Tariff (2018): 14.6%, Rnk 216 / 1259

Share of World Trade (2018): 0.022%, Rnk 560 / 1225

Overview:  This page contains the latest trade data of Woven Fabric of Synthetic Staple Fibers. In 2018, Woven Fabric of Synthetic Staple Fibers were the world's 560th most traded product, with a total trade of $4.12B. Between 2017 and 2018 the exports of Woven Fabric of Synthetic Staple Fibers grew by 2.11%, from  $4.03B to $4.12B. Trade in Woven Fabric of Synthetic Staple Fibers represent 0.022% of total world trade.

Exports: In 2018 the top exporters of Woven Fabric of Synthetic Staple Fibers  were China ($2.6B), Italy ($262M), Turkey ($218M), Spain ($195M), and France ($85M).

Imports: In 2018 the top importers of Woven Fabric of Synthetic Staple Fibers were Vietnam ($301M), Bangladesh ($273M), Morocco ($221M), Brazil ($174M), and Spain ($136M).

Tariffs: In 2018 the average tariff for Woven Fabric of Synthetic Staple Fibers was 14.6%, been the 216 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Woven Fabric of Synthetic Staple Fibers are Iran (64%), 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: Woven Fabric of Synthetic Staple Fibers ranks 768th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.6B

Top Destination (2018): Vietnam, $301M

Woven Fabric of Synthetic Staple Fibers are the world's 560th most traded product.

In 2018, the top exporters of Woven Fabric of Synthetic Staple Fibers were China ($2.6B), Italy ($262M), Turkey ($218M), Spain ($195M), and France ($85M).

In 2018, the top importers of Woven Fabric of Synthetic Staple Fibers were Vietnam ($301M), Bangladesh ($273M), Morocco ($221M), Brazil ($174M), and Spain ($136M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Turkey, $65.8M

Top Destination Growth (2017 - 2018): Algeria, $64M

Between 2017 and 2018, the exports of Woven Fabric of Synthetic Staple Fibers grew the fastest in Turkey ($65.8M), Italy ($54M), Thailand ($28.8M), United States ($19.2M), and France ($18.5M).

Between 2017 and 2018, the fastest growing importers of Woven Fabric of Synthetic Staple Fibers were Algeria ($64M), Sri Lanka ($50.7M), Morocco ($49.7M), Indonesia ($43.2M), and Burma ($41.2M).

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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 Woven Fabric of Synthetic Staple Fibers.

In 2018,  market concentration measured using Shannon Entropy, was 2.51. This means that most of the exports of Woven Fabric of Synthetic Staple Fibers are explained by 5 countries.

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TOP NET EXPORTER (2018): China, $2.56B

TOP NET IMPORTER (2018): Vietnam, $299M

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

In 2018, the countries that had a largest trade value in exports than in imports of Woven Fabric of Synthetic Staple Fibers were China ($2.56B), Italy ($157M), Turkey ($153M), Spain ($58.9M), and Chinese Taipei ($35.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Woven Fabric of Synthetic Staple Fibers were Vietnam ($299M), Bangladesh ($272M), Morocco ($216M), Brazil ($171M), and Burma ($119M).

Trade Forecasts

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This section shows forecasts for total trade for Woven Fabric of Synthetic Staple Fibers. 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 Woven Fabric of Synthetic Staple Fibers was 14.6%.  The countries with the highest tariffs for importing Woven Fabric of Synthetic Staple Fibers were Iran (64%), Sudan (35%), Ethiopia (34.7%), Uzbekistan (28.7%), and Bahamas (26.8%).

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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.