HS Icon Made up fishing nets, of manmade textile materials

560811 (Harmonized System 1992 for 6-digit)

World Trade (2018): $842M, Rnk 2255 / 4726

Top Exporter (2018): $307M, China

Top Importer (2018): $66.5M, South Korea

Product Complexity (2018): -0.71, Rnk 3647 / 4873

Export Growth (CAGR)(2017 - 2018): 32.1%, Rnk 721 / 4726

Mean Tariff (2018): 9.27%, Rnk 2456 / 6538

Share of World Trade (2018): 0.0046%, Rnk 2255 / 4726

Overview:  This page contains the latest trade data of Made up fishing nets, of manmade textile materials. In 2018, Made up fishing nets, of manmade textile materials were the world's 2255th most traded product, with a total trade of $842M. Between 2017 and 2018 the exports of Made up fishing nets, of manmade textile materials grew by 32.1%, from  $638M to $842M. Trade in Made up fishing nets, of manmade textile materials represent 0.0046% of total world trade.

Exports: In 2018 the top exporters of Made up fishing nets, of manmade textile materials  were China ($307M), Thailand ($95.6M), India ($52.9M), South Korea ($49.2M), and Vietnam ($45.6M).

Imports: In 2018 the top importers of Made up fishing nets, of manmade textile materials were South Korea ($66.5M), Vietnam ($45.6M), Norway ($38.8M), Indonesia ($37.8M), and Burma ($32.8M).

Tariffs: In 2018 the average tariff for Made up fishing nets, of manmade textile materials was 9.27%, been the 2456 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Made up fishing nets, of manmade textile materials are Bahamas (40.2%), Ethiopia (34.7%), Uzbekistan (28.7%), Iran (25%), and Bermuda (25%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Singapore (0%).

Ranking: Made up fishing nets, of manmade textile materials ranks 3647th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $307M

Top Destination (2018): South Korea, $66.5M

Made up fishing nets, of manmade textile materials are the world's 2255th most traded product.

In 2018, the top exporters of Made up fishing nets, of manmade textile materials were China ($307M), Thailand ($95.6M), India ($52.9M), South Korea ($49.2M), and Vietnam ($45.6M).

In 2018, the top importers of Made up fishing nets, of manmade textile materials were South Korea ($66.5M), Vietnam ($45.6M), Norway ($38.8M), Indonesia ($37.8M), and Burma ($32.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $66.1M

Top Destination Growth (2017 - 2018): Burma, $20M

Between 2017 and 2018, the exports of Made up fishing nets, of manmade textile materials grew the fastest in Thailand ($66.1M), China ($60.1M), Vietnam ($21.8M), Chinese Taipei ($14.8M), and South Korea ($14.3M).

Between 2017 and 2018, the fastest growing importers of Made up fishing nets, of manmade textile materials were Burma ($20M), Indonesia ($18.4M), Vietnam ($17.2M), Cambodia ($13.6M), and South Korea ($12.9M).

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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 Made up fishing nets, of manmade textile materials.

In 2018,  market concentration measured using Shannon Entropy, was 3.7. This means that most of the exports of Made up fishing nets, of manmade textile materials are explained by 13 countries.

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TOP NET EXPORTER (2018): China, $304M

TOP NET IMPORTER (2018): Burma, $31.7M

This map shows which countries export or import more of Made up fishing nets, of manmade textile materials. Each country is colored based on the difference in exports and imports of Made up fishing nets, of manmade textile materials during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Made up fishing nets, of manmade textile materials were China ($304M), Thailand ($90.3M), India ($42.3M), Portugal ($26.2M), and Chinese Taipei ($13.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Made up fishing nets, of manmade textile materials were Burma ($31.7M), Indonesia ($24.3M), Morocco ($21.4M), Malaysia ($20.2M), and Chile ($18.6M).

Trade Forecasts

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This section shows forecasts for total trade for Made up fishing nets, of manmade textile materials. 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 Made up fishing nets, of manmade textile materials was 9.27%.  The countries with the highest tariffs for importing Made up fishing nets, of manmade textile materials were Bahamas (40.2%), Ethiopia (34.7%), Uzbekistan (28.7%), Iran (25%), and Bermuda (25%).

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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.