HS Icon Carpets of manmade yarn, woven, made up, nes

570292 (Harmonized System 1992 for 6-digit)

World Trade (2018): $326M, Rnk 3211 / 4726

Top Exporter (2018): $132M, China

Top Importer (2018): $68.5M, United States

Export Growth (CAGR)(2017 - 2018): 22.8%, Rnk 1182 / 4726

Mean Tariff (2018): 19.4%, Rnk 647 / 6538

Share of World Trade (2018): 0.0018%, Rnk 3211 / 4726

Overview:  This page contains the latest trade data of Carpets of manmade yarn, woven, made up, nes. In 2018, Carpets of manmade yarn, woven, made up, nes were the world's 3211th most traded product, with a total trade of $326M. Between 2017 and 2018 the exports of Carpets of manmade yarn, woven, made up, nes grew by 22.8%, from  $266M to $326M. Trade in Carpets of manmade yarn, woven, made up, nes represent 0.0018% of total world trade.

Exports: In 2018 the top exporters of Carpets of manmade yarn, woven, made up, nes  were China ($132M), India ($42.8M), Turkey ($28.7M), Egypt ($26.6M), and Belgium-Luxembourg ($25.8M).

Imports: In 2018 the top importers of Carpets of manmade yarn, woven, made up, nes were United States ($68.5M), Japan ($34M), Germany ($24.4M), France ($12.4M), and Saudi Arabia ($9.83M).

Tariffs: In 2018 the average tariff for Carpets of manmade yarn, woven, made up, nes was 19.4%, been the 647 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Carpets of manmade yarn, woven, made up, nes are Syria (73.5%), Turkmenistan (50%), Iran (50%), Cape Verde (50%), and Egypt (45%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $132M

Top Destination (2018): United States, $68.5M

Carpets of manmade yarn, woven, made up, nes are the world's 3211th most traded product.

In 2018, the top exporters of Carpets of manmade yarn, woven, made up, nes were China ($132M), India ($42.8M), Turkey ($28.7M), Egypt ($26.6M), and Belgium-Luxembourg ($25.8M).

In 2018, the top importers of Carpets of manmade yarn, woven, made up, nes were United States ($68.5M), Japan ($34M), Germany ($24.4M), France ($12.4M), and Saudi Arabia ($9.83M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $41.4M

Top Destination Growth (2017 - 2018): United States, $17.3M

Between 2017 and 2018, the exports of Carpets of manmade yarn, woven, made up, nes grew the fastest in China ($41.4M), Egypt ($13.2M), Poland ($6.9M), United States ($3.38M), and Germany ($2.9M).

Between 2017 and 2018, the fastest growing importers of Carpets of manmade yarn, woven, made up, nes were United States ($17.3M), Japan ($11.5M), Saudi Arabia ($6.84M), Indonesia ($5.3M), and Algeria ($5.2M).

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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 Carpets of manmade yarn, woven, made up, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.21. This means that most of the exports of Carpets of manmade yarn, woven, made up, nes are explained by 9 countries.

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TOP NET EXPORTER (2018): China, $130M

TOP NET IMPORTER (2018): United States, $62.8M

This map shows which countries export or import more of Carpets of manmade yarn, woven, made up, nes. Each country is colored based on the difference in exports and imports of Carpets of manmade yarn, woven, made up, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Carpets of manmade yarn, woven, made up, nes were China ($130M), India ($40.8M), Egypt ($26.2M), Turkey ($25.9M), and Belgium-Luxembourg ($22.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Carpets of manmade yarn, woven, made up, nes were United States ($62.8M), Japan ($33.1M), Germany ($15.7M), Malaysia ($9.75M), and Saudi Arabia ($8.89M).

Trade Forecasts

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This section shows forecasts for total trade for Carpets of manmade yarn, woven, made up, nes. 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 Carpets of manmade yarn, woven, made up, nes was 19.4%.  The countries with the highest tariffs for importing Carpets of manmade yarn, woven, made up, nes were Syria (73.5%), Turkmenistan (50%), Iran (50%), Cape Verde (50%), and Egypt (45%).

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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.