HS Icon Pile Fabric

6001 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.93B, Rnk 507 / 1225

Top Exporter (2018): $3.47B, China

Top Importer (2018): $744M, Vietnam

Product Complexity (2018): 0.024, Rnk 536 / 1018

Export Growth (CAGR)(2017 - 2018): 22.3%, Rnk 285 / 1225

Mean Tariff (2018): 15.9%, Rnk 169 / 1259

Share of World Trade (2018): 0.027%, Rnk 507 / 1225

Overview:  This page contains the latest trade data of Pile Fabric. In 2018, Pile Fabric were the world's 507th most traded product, with a total trade of $4.93B. Between 2017 and 2018 the exports of Pile Fabric grew by 22.3%, from  $4.03B to $4.93B. Trade in Pile Fabric represent 0.027% of total world trade.

Exports: In 2018 the top exporters of Pile Fabric  were China ($3.47B), South Korea ($255M), Chinese Taipei ($185M), Malaysia ($181M), and Italy ($112M).

Imports: In 2018 the top importers of Pile Fabric were Vietnam ($744M), Cambodia ($392M), Bangladesh ($303M), Indonesia ($246M), and Mexico ($189M).

Tariffs: In 2018 the average tariff for Pile Fabric was 15.9%, been the 169 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Pile Fabric are Iran (70%), Bahamas (40.2%), Sudan (35%), Ethiopia (34.7%), and Turkmenistan (33.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Lebanon (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Pile Fabric ranks 536th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $3.47B

Top Destination (2018): Vietnam, $744M

Pile Fabric are the world's 507th most traded product.

In 2018, the top exporters of Pile Fabric were China ($3.47B), South Korea ($255M), Chinese Taipei ($185M), Malaysia ($181M), and Italy ($112M).

In 2018, the top importers of Pile Fabric were Vietnam ($744M), Cambodia ($392M), Bangladesh ($303M), Indonesia ($246M), and Mexico ($189M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $709M

Top Destination Growth (2017 - 2018): Vietnam, $166M

Between 2017 and 2018, the exports of Pile Fabric grew the fastest in China ($709M), Malaysia ($61.5M), Chinese Taipei ($32.7M), Italy ($30.8M), and Thailand ($14.5M).

Between 2017 and 2018, the fastest growing importers of Pile Fabric were Vietnam ($166M), Indonesia ($160M), Cambodia ($85.4M), Bangladesh ($76M), and Morocco ($64.2M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Pile Fabric.

In 2018,  market concentration measured using Shannon Entropy, was 2.17. This means that most of the exports of Pile Fabric are explained by 4 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $3.34B

TOP NET IMPORTER (2018): Vietnam, $677M

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

In 2018, the countries that had a largest trade value in exports than in imports of Pile Fabric were China ($3.34B), South Korea ($233M), Chinese Taipei ($182M), Malaysia ($138M), and Italy ($56.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Pile Fabric were Vietnam ($677M), Cambodia ($391M), Bangladesh ($302M), Indonesia ($233M), and Mexico ($185M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Pile Fabric. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Pile Fabric was 15.9%.  The countries with the highest tariffs for importing Pile Fabric were Iran (70%), Bahamas (40.2%), Sudan (35%), Ethiopia (34.7%), and Turkmenistan (33.3%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.