HS Icon Netting

5608 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.98B, Rnk 739 / 1225

Top Exporter (2018): $647M, China

Top Importer (2018): $133M, Japan

Product Complexity (2018): -0.42, Rnk 675 / 1018

Export Growth (CAGR)(2017 - 2018): 19.9%, Rnk 337 / 1225

Mean Tariff (2018): 12.3%, Rnk 304 / 1259

Share of World Trade (2018): 0.011%, Rnk 739 / 1225

Overview:  This page contains the latest trade data of Netting. In 2018, Netting were the world's 739th most traded product, with a total trade of $1.98B. Between 2017 and 2018 the exports of Netting grew by 19.9%, from  $1.65B to $1.98B. Trade in Netting represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Netting  were China ($647M), Vietnam ($135M), Thailand ($117M), Pakistan ($78.9M), and Japan ($78.7M).

Imports: In 2018 the top importers of Netting were Japan ($133M), United States ($109M), Vietnam ($95.9M), South Korea ($86.8M), and Germany ($75.1M).

Tariffs: In 2018 the average tariff for Netting was 12.3%, been the 304 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Netting are Bahamas (40.8%), Syria (35.2%), Uzbekistan (28.7%), Iran (28.3%), and Finland (26%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Singapore (0%).

Ranking: Netting ranks 675th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $647M

Top Destination (2018): Japan, $133M

Netting are the world's 739th most traded product.

In 2018, the top exporters of Netting were China ($647M), Vietnam ($135M), Thailand ($117M), Pakistan ($78.9M), and Japan ($78.7M).

In 2018, the top importers of Netting were Japan ($133M), United States ($109M), Vietnam ($95.9M), South Korea ($86.8M), and Germany ($75.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $130M

Top Destination Growth (2017 - 2018): United States, $40.2M

Between 2017 and 2018, the exports of Netting grew the fastest in China ($130M), Thailand ($67.4M), Chinese Taipei ($22.2M), Vietnam ($20.2M), and Germany ($16.2M).

Between 2017 and 2018, the fastest growing importers of Netting were United States ($40.2M), Burma ($26M), Vietnam ($25.8M), Indonesia ($20.4M), and Netherlands ($17.4M).

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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 Netting.

In 2018,  market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Netting are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $626M

TOP NET IMPORTER (2018): United States, $91.5M

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

In 2018, the countries that had a largest trade value in exports than in imports of Netting were China ($626M), Thailand ($98.6M), Pakistan ($70.3M), India ($59.1M), and Vietnam ($39M).

In 2018, the countries that had a largest trade value in imports than in exports of Netting were United States ($91.5M), Japan ($54.3M), Nigeria ($45.9M), Burma ($43.6M), and Australia ($40.7M).

Trade Forecasts

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This section shows forecasts for total trade for Netting. 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 Netting was 12.3%.  The countries with the highest tariffs for importing Netting were Bahamas (40.8%), Syria (35.2%), Uzbekistan (28.7%), Iran (28.3%), and Finland (26%).

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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.