HS Icon Embroidery of manmade fibres

581092 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.05B, Rnk 1955 / 4726

Top Exporter (2018): $566M, China

Top Importer (2018): $105M, United States

Product Complexity (2018): -0.6, Rnk 3516 / 4873

Export Growth (CAGR)(2017 - 2018): 28.7%, Rnk 858 / 4726

Mean Tariff (2018): 13.2%, Rnk 1530 / 6538

Share of World Trade (2018): 0.0057%, Rnk 1955 / 4726

Overview:  This page contains the latest trade data of Embroidery of manmade fibres. In 2018, Embroidery of manmade fibres were the world's 1955th most traded product, with a total trade of $1.05B. Between 2017 and 2018 the exports of Embroidery of manmade fibres grew by 28.7%, from  $819M to $1.05B. Trade in Embroidery of manmade fibres represent 0.0057% of total world trade.

Exports: In 2018 the top exporters of Embroidery of manmade fibres  were China ($566M), Turkey ($78.2M), India ($72.4M), South Korea ($43.5M), and Hong Kong ($30.7M).

Imports: In 2018 the top importers of Embroidery of manmade fibres were United States ($105M), Turkey ($67.1M), United Arab Emirates ($58M), Indonesia ($49M), and Italy ($47.6M).

Tariffs: In 2018 the average tariff for Embroidery of manmade fibres was 13.2%, been the 1530 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Embroidery of manmade fibres are Iran (45%), Bahamas (40.2%), Cape Verde (40%), Sudan (35%), and Ethiopia (34.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Lebanon (0%), and Sri Lanka (0%).

Ranking: Embroidery of manmade fibres ranks 3516th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $566M

Top Destination (2018): United States, $105M

Embroidery of manmade fibres are the world's 1955th most traded product.

In 2018, the top exporters of Embroidery of manmade fibres were China ($566M), Turkey ($78.2M), India ($72.4M), South Korea ($43.5M), and Hong Kong ($30.7M).

In 2018, the top importers of Embroidery of manmade fibres were United States ($105M), Turkey ($67.1M), United Arab Emirates ($58M), Indonesia ($49M), and Italy ($47.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $109M

Top Destination Growth (2017 - 2018): United States, $105M

Between 2017 and 2018, the exports of Embroidery of manmade fibres grew the fastest in China ($109M), Turkey ($28.3M), Thailand ($21.8M), Chinese Taipei ($14.6M), and Mexico ($11.1M).

Between 2017 and 2018, the fastest growing importers of Embroidery of manmade fibres were United States ($105M), Indonesia ($37.6M), Bulgaria ($18.8M), Sri Lanka ($9.8M), and Morocco ($8.56M).

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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 Embroidery of manmade fibres.

In 2018,  market concentration measured using Shannon Entropy, was 2.96. This means that most of the exports of Embroidery of manmade fibres are explained by 7 countries.

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TOP NET EXPORTER (2018): China, $550M

TOP NET IMPORTER (2018): United States, $96.4M

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

In 2018, the countries that had a largest trade value in exports than in imports of Embroidery of manmade fibres were China ($550M), India ($62.5M), South Korea ($35.8M), Chinese Taipei ($26.2M), and Turkey ($11.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Embroidery of manmade fibres were United States ($96.4M), United Arab Emirates ($47.4M), Indonesia ($45.7M), Morocco ($31.3M), and Vietnam ($30.5M).

Trade Forecasts

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This section shows forecasts for total trade for Embroidery of manmade fibres. 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 Embroidery of manmade fibres was 13.2%.  The countries with the highest tariffs for importing Embroidery of manmade fibres were Iran (45%), Bahamas (40.2%), Cape Verde (40%), Sudan (35%), and Ethiopia (34.7%).

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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.