HS Icon Woven Fabrics

5801 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.25B, Rnk 709 / 1225

Top Exporter (2018): $963M, China

Top Importer (2018): $195M, United States

Product Complexity (2018): 0.5, Rnk 372 / 1018

Export Growth (CAGR)(2017 - 2018): 18.4%, Rnk 373 / 1225

Mean Tariff (2018): 15.7%, Rnk 177 / 1259

Share of World Trade (2018): 0.012%, Rnk 709 / 1225

Overview:  This page contains the latest trade data of Woven Fabrics. In 2018, Woven Fabrics were the world's 709th most traded product, with a total trade of $2.25B. Between 2017 and 2018 the exports of Woven Fabrics grew by 18.4%, from  $1.9B to $2.25B. Trade in Woven Fabrics represent 0.012% of total world trade.

Exports: In 2018 the top exporters of Woven Fabrics  were China ($963M), Turkey ($188M), Italy ($163M), Belgium-Luxembourg ($127M), and Germany ($112M).

Imports: In 2018 the top importers of Woven Fabrics were United States ($195M), United Kingdom ($188M), Vietnam ($135M), Poland ($106M), and Bangladesh ($89M).

Tariffs: In 2018 the average tariff for Woven Fabrics was 15.7%, been the 177 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Woven Fabrics are Iran (70%), Sudan (35%), Ethiopia (34.7%), Gabon (28.7%), and Chad (28.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Lebanon (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Woven Fabrics ranks 372nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $963M

Top Destination (2018): United States, $195M

Woven Fabrics are the world's 709th most traded product.

In 2018, the top exporters of Woven Fabrics were China ($963M), Turkey ($188M), Italy ($163M), Belgium-Luxembourg ($127M), and Germany ($112M).

In 2018, the top importers of Woven Fabrics were United States ($195M), United Kingdom ($188M), Vietnam ($135M), Poland ($106M), and Bangladesh ($89M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $173M

Top Destination Growth (2017 - 2018): Egypt, $75.6M

Between 2017 and 2018, the exports of Woven Fabrics grew the fastest in China ($173M), Portugal ($34.4M), Germany ($18.3M), United Kingdom ($17.3M), and United States ($14.9M).

Between 2017 and 2018, the fastest growing importers of Woven Fabrics were Egypt ($75.6M), Bangladesh ($31.3M), Vietnam ($23.1M), Spain ($21.4M), and Pakistan ($21M).

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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 Woven Fabrics.

In 2018,  market concentration measured using Shannon Entropy, was 3.43. This means that most of the exports of Woven Fabrics are explained by 10 countries.

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TOP NET EXPORTER (2018): China, $900M

TOP NET IMPORTER (2018): United States, $149M

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

In 2018, the countries that had a largest trade value in exports than in imports of Woven Fabrics were China ($900M), Turkey ($153M), Belgium-Luxembourg ($79.8M), Italy ($73.9M), and Portugal ($63.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Woven Fabrics were United States ($149M), Vietnam ($131M), United Kingdom ($112M), Poland ($89.5M), and Bangladesh ($88.9M).

Trade Forecasts

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This section shows forecasts for total trade for Woven Fabrics. 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 Woven Fabrics was 15.7%.  The countries with the highest tariffs for importing Woven Fabrics were Iran (70%), Sudan (35%), Ethiopia (34.7%), Gabon (28.7%), and Chad (28.7%).

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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.