HS Icon Hose Piping Textiles

5909 (Harmonized System 1992 for 4-digit)

World Trade (2018): $428M, Rnk 1057 / 1225

Top Exporter (2018): $121M, China

Top Importer (2018): $82.2M, United States

Export Growth (CAGR)(2017 - 2018): 24.3%, Rnk 242 / 1225

Mean Tariff (2018): 8.13%, Rnk 531 / 1259

Share of World Trade (2018): 0.0023%, Rnk 1057 / 1225

Overview: In 2018, Hose Piping Textiles were the world's 1057th most traded product, with a total trade of $428M. Between 2017 and 2018 the exports of Hose Piping Textiles grew by 24.3%, from  $344M to $428M. Trade in Hose Piping Textiles represent 0.0023% of total world trade.

Exports: In 2018 the top exporters of Hose Piping Textiles  were China ($121M), United States ($54.1M), Germany ($49.9M), Canada ($32.9M), and United Kingdom ($22.4M).

Imports: In 2018 the top importers of Hose Piping Textiles were United States ($82.2M), Mexico ($28.8M), Germany ($27.9M), Japan ($14.6M), and Canada ($12.9M).

Tariffs: In 2018 the average tariff for Hose Piping Textiles was 8.13%, been the 531 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hose Piping Textiles are Bahamas (40.2%), Ethiopia (29.7%), Uzbekistan (28.7%), Bangladesh (25%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Lebanon (0%), Sri Lanka (0%), and Singapore (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $121M

Top Destination (2018): United States, $82.2M

Hose Piping Textiles are the world's 1057th most traded product.

In 2018, the top exporters of Hose Piping Textiles were China ($121M), United States ($54.1M), Germany ($49.9M), Canada ($32.9M), and United Kingdom ($22.4M).

In 2018, the top importers of Hose Piping Textiles were United States ($82.2M), Mexico ($28.8M), Germany ($27.9M), Japan ($14.6M), and Canada ($12.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $28.4M

Top Destination Growth (2017 - 2018): United States, $21.1M

Between 2017 and 2018, the exports of Hose Piping Textiles grew the fastest in China ($28.4M), Mexico ($11.9M), France ($7.54M), Germany ($6.7M), and Norway ($5.51M).

Between 2017 and 2018, the fastest growing importers of Hose Piping Textiles were United States ($21.1M), Germany ($11.2M), Netherlands ($5.98M), Italy ($3.16M), and Mexico ($2.97M).

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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 Hose Piping Textiles.

In 2018,  market concentration measured using Shannon Entropy, was 3.86. This means that most of the exports of Hose Piping Textiles are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $113M

TOP NET IMPORTER (2018): United States, $28.1M

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

In 2018, the countries that had a largest trade value in exports than in imports of Hose Piping Textiles were China ($113M), Germany ($22M), Canada ($20M), France ($14.7M), and United Kingdom ($11.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Hose Piping Textiles were United States ($28.1M), Mexico ($12.8M), Japan ($10.8M), Italy ($7.64M), and Netherlands ($6.36M).

Trade Forecasts

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This section shows forecasts for total trade for Hose Piping Textiles. 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 Hose Piping Textiles was 8.13%.  The countries with the highest tariffs for importing Hose Piping Textiles were Bahamas (40.2%), Ethiopia (29.7%), Uzbekistan (28.7%), Bangladesh (25%), and Bermuda (25%).

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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.