HS Icon Other Carpets

5705 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.59B, Rnk 797 / 1225

Top Exporter (2018): $804M, China

Top Importer (2018): $330M, United States

Product Complexity (2018): -0.56, Rnk 716 / 1018

Export Growth (CAGR)(2017 - 2018): 15.2%, Rnk 506 / 1225

Mean Tariff (2018): 17.5%, Rnk 144 / 1259

Share of World Trade (2018): 0.0087%, Rnk 797 / 1225

Overview:  This page contains the latest trade data of Other Carpets. In 2018, Other Carpets were the world's 797th most traded product, with a total trade of $1.59B. Between 2017 and 2018 the exports of Other Carpets grew by 15.2%, from  $1.38B to $1.59B. Trade in Other Carpets represent 0.0087% of total world trade.

Exports: In 2018 the top exporters of Other Carpets  were China ($804M), India ($267M), United States ($59.7M), United Kingdom ($58.2M), and France ($41.3M).

Imports: In 2018 the top importers of Other Carpets were United States ($330M), Japan ($162M), France ($87.9M), Germany ($68.4M), and United Kingdom ($62.2M).

Tariffs: In 2018 the average tariff for Other Carpets was 17.5%, been the 144 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Carpets 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%).

Ranking: Other Carpets ranks 716th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $804M

Top Destination (2018): United States, $330M

Other Carpets are the world's 797th most traded product.

In 2018, the top exporters of Other Carpets were China ($804M), India ($267M), United States ($59.7M), United Kingdom ($58.2M), and France ($41.3M).

In 2018, the top importers of Other Carpets were United States ($330M), Japan ($162M), France ($87.9M), Germany ($68.4M), and United Kingdom ($62.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $190M

Top Destination Growth (2017 - 2018): United States, $70M

Between 2017 and 2018, the exports of Other Carpets grew the fastest in China ($190M), India ($53.9M), France ($8.35M), Thailand ($8.18M), and Paraguay ($5.77M).

Between 2017 and 2018, the fastest growing importers of Other Carpets were United States ($70M), Japan ($44.9M), Malaysia ($22.4M), Netherlands ($12.4M), and Brazil ($11.8M).

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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 Other Carpets.

In 2018,  market concentration measured using Shannon Entropy, was 3.04. This means that most of the exports of Other Carpets are explained by 8 countries.

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TOP NET EXPORTER (2018): China, $794M

TOP NET IMPORTER (2018): United States, $271M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Carpets were China ($794M), India ($251M), Turkey ($12.4M), Serbia ($11.9M), and Paraguay ($9.76M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Carpets were United States ($271M), Japan ($158M), France ($46.6M), Germany ($37.8M), and Saudi Arabia ($37.2M).

Trade Forecasts

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This section shows forecasts for total trade for Other Carpets. 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 Other Carpets was 17.5%.  The countries with the highest tariffs for importing Other Carpets 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.