HS Icon Plastic Coated Textile Fabric

5903 (Harmonized System 1992 for 4-digit)

World Trade (2018): $13.1B, Rnk 274 / 1225

Top Exporter (2018): $4.96B, China

Top Importer (2018): $1.46B, Vietnam

Product Complexity (2018): 0.95, Rnk 190 / 1018

Export Growth (CAGR)(2017 - 2018): 18.9%, Rnk 361 / 1225

Mean Tariff (2018): 10.6%, Rnk 393 / 1259

Share of World Trade (2018): 0.071%, Rnk 274 / 1225

Overview: In 2018, Plastic Coated Textile Fabric were the world's 274th most traded product, with a total trade of $13.1B. Between 2017 and 2018 the exports of Plastic Coated Textile Fabric grew by 18.9%, from  $11B to $13.1B. Trade in Plastic Coated Textile Fabric represent 0.071% of total world trade.

Exports: In 2018 the top exporters of Plastic Coated Textile Fabric  were China ($4.96B), Germany ($1.24B), United States ($1B), South Korea ($855M), and Chinese Taipei ($775M).

Imports: In 2018 the top importers of Plastic Coated Textile Fabric were Vietnam ($1.46B), United States ($1.17B), Mexico ($1.02B), China ($715M), and India ($551M).

Tariffs: In 2018 the average tariff for Plastic Coated Textile Fabric was 10.6%, been the 393 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Plastic Coated Textile Fabric are Bahamas (40.2%), Ethiopia (34.7%), Iran (31%), Uzbekistan (28.7%), and Algeria (27.4%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Lebanon (0%), Singapore (0%), and Switzerland (0%).

Ranking: Plastic Coated Textile Fabric ranks 190th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $4.96B

Top Destination (2018): Vietnam, $1.46B

Plastic Coated Textile Fabric are the world's 274th most traded product.

In 2018, the top exporters of Plastic Coated Textile Fabric were China ($4.96B), Germany ($1.24B), United States ($1B), South Korea ($855M), and Chinese Taipei ($775M).

In 2018, the top importers of Plastic Coated Textile Fabric were Vietnam ($1.46B), United States ($1.17B), Mexico ($1.02B), China ($715M), and India ($551M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $1.07B

Top Destination Growth (2017 - 2018): Vietnam, $381M

Between 2017 and 2018, the exports of Plastic Coated Textile Fabric grew the fastest in China ($1.07B), United States ($248M), Chinese Taipei ($224M), Germany ($187M), and Portugal ($74.7M).

Between 2017 and 2018, the fastest growing importers of Plastic Coated Textile Fabric were Vietnam ($381M), Mexico ($242M), Indonesia ($175M), Canada ($97.2M), and Russia ($96.1M).

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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 Plastic Coated Textile Fabric.

In 2018,  market concentration measured using Shannon Entropy, was 3.68. This means that most of the exports of Plastic Coated Textile Fabric are explained by 12 countries.

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TOP NET EXPORTER (2018): China, $4.25B

TOP NET IMPORTER (2018): Vietnam, $1.37B

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

In 2018, the countries that had a largest trade value in exports than in imports of Plastic Coated Textile Fabric were China ($4.25B), Germany ($875M), South Korea ($728M), Chinese Taipei ($725M), and Japan ($362M).

In 2018, the countries that had a largest trade value in imports than in exports of Plastic Coated Textile Fabric were Vietnam ($1.37B), Mexico ($909M), Indonesia ($484M), India ($401M), and Bangladesh ($292M).

Trade Forecasts

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This section shows forecasts for total trade for Plastic Coated Textile Fabric. 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 Plastic Coated Textile Fabric was 10.6%.  The countries with the highest tariffs for importing Plastic Coated Textile Fabric were Bahamas (40.2%), Ethiopia (34.7%), Iran (31%), Uzbekistan (28.7%), and Algeria (27.4%).

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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.