HS Icon Twine nes, cordage, ropes, polyethylene, polypropylen

560749 (Harmonized System 1992 for 6-digit)

World Trade (2018): $863M, Rnk 2217 / 4726

Top Exporter (2018): $229M, China

Top Importer (2018): $105M, United States

Product Complexity (2018): -0.48, Rnk 3363 / 4873

Export Growth (CAGR)(2017 - 2018): 27.8%, Rnk 898 / 4726

Mean Tariff (2018): 11.1%, Rnk 1958 / 6538

Share of World Trade (2018): 0.0047%, Rnk 2217 / 4726

Overview:  This page contains the latest trade data of Twine nes, cordage, ropes, polyethylene, polypropylen. In 2018, Twine nes, cordage, ropes, polyethylene, polypropylen were the world's 2217th most traded product, with a total trade of $863M. Between 2017 and 2018 the exports of Twine nes, cordage, ropes, polyethylene, polypropylen grew by 27.8%, from  $676M to $863M. Trade in Twine nes, cordage, ropes, polyethylene, polypropylen represent 0.0047% of total world trade.

Exports: In 2018 the top exporters of Twine nes, cordage, ropes, polyethylene, polypropylen  were China ($229M), Portugal ($79.6M), India ($76M), South Korea ($69.8M), and Vietnam ($39.9M).

Imports: In 2018 the top importers of Twine nes, cordage, ropes, polyethylene, polypropylen were United States ($105M), Netherlands ($49M), Germany ($39.1M), United Kingdom ($30.4M), and Indonesia ($30.2M).

Tariffs: In 2018 the average tariff for Twine nes, cordage, ropes, polyethylene, polypropylen was 11.1%, been the 1958 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Twine nes, cordage, ropes, polyethylene, polypropylen are Zimbabwe (36.5%), Ethiopia (34.7%), Fiji (31.1%), Finland (30%), and Algeria (29.2%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Lebanon (0%), Singapore (0%), and Switzerland (0%).

Ranking: Twine nes, cordage, ropes, polyethylene, polypropylen ranks 3363rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $229M

Top Destination (2018): United States, $105M

Twine nes, cordage, ropes, polyethylene, polypropylen are the world's 2217th most traded product.

In 2018, the top exporters of Twine nes, cordage, ropes, polyethylene, polypropylen were China ($229M), Portugal ($79.6M), India ($76M), South Korea ($69.8M), and Vietnam ($39.9M).

In 2018, the top importers of Twine nes, cordage, ropes, polyethylene, polypropylen were United States ($105M), Netherlands ($49M), Germany ($39.1M), United Kingdom ($30.4M), and Indonesia ($30.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $51.5M

Top Destination Growth (2017 - 2018): United States, $16.4M

Between 2017 and 2018, the exports of Twine nes, cordage, ropes, polyethylene, polypropylen grew the fastest in China ($51.5M), Vietnam ($15.7M), Denmark ($15.1M), India ($14.3M), and Germany ($13.4M).

Between 2017 and 2018, the fastest growing importers of Twine nes, cordage, ropes, polyethylene, polypropylen were United States ($16.4M), Netherlands ($14.8M), Chile ($10.2M), Vietnam ($8.75M), and Germany ($8.02M).

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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 Twine nes, cordage, ropes, polyethylene, polypropylen.

In 2018,  market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Twine nes, cordage, ropes, polyethylene, polypropylen are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $218M

TOP NET IMPORTER (2018): United States, $66.5M

This map shows which countries export or import more of Twine nes, cordage, ropes, polyethylene, polypropylen. Each country is colored based on the difference in exports and imports of Twine nes, cordage, ropes, polyethylene, polypropylen during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Twine nes, cordage, ropes, polyethylene, polypropylen were China ($218M), Portugal ($76.7M), India ($72.9M), South Korea ($50.6M), and Vietnam ($16.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Twine nes, cordage, ropes, polyethylene, polypropylen were United States ($66.5M), Indonesia ($29.7M), Netherlands ($29M), Australia ($27.6M), and Chile ($27.5M).

Trade Forecasts

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This section shows forecasts for total trade for Twine nes, cordage, ropes, polyethylene, polypropylen. 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 Twine nes, cordage, ropes, polyethylene, polypropylen was 11.1%.  The countries with the highest tariffs for importing Twine nes, cordage, ropes, polyethylene, polypropylen were Zimbabwe (36.5%), Ethiopia (34.7%), Fiji (31.1%), Finland (30%), and Algeria (29.2%).

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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.