HS Icon Mens, boys overcoats, etc, of manmade fibres, knit

610130 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.54B, Rnk 1569 / 4726

Top Exporter (2018): $432M, China

Top Importer (2018): $465M, United States

Product Complexity (2018): -1.85, Rnk 4676 / 4873

Export Growth (CAGR)(2017 - 2018): 10.7%, Rnk 2563 / 4726

Mean Tariff (2018): 23.7%, Rnk 343 / 6538

Share of World Trade (2018): 0.0084%, Rnk 1569 / 4726

Overview:  This page contains the latest trade data of Mens, boys overcoats, etc, of manmade fibres, knit. In 2018, Mens, boys overcoats, etc, of manmade fibres, knit were the world's 1569th most traded product, with a total trade of $1.54B. Between 2017 and 2018 the exports of Mens, boys overcoats, etc, of manmade fibres, knit grew by 10.7%, from  $1.4B to $1.54B. Trade in Mens, boys overcoats, etc, of manmade fibres, knit represent 0.0084% of total world trade.

Exports: In 2018 the top exporters of Mens, boys overcoats, etc, of manmade fibres, knit  were China ($432M), Vietnam ($211M), Bangladesh ($73.8M), Cambodia ($73.8M), and Belgium-Luxembourg ($66.2M).

Imports: In 2018 the top importers of Mens, boys overcoats, etc, of manmade fibres, knit were United States ($465M), Germany ($115M), United Kingdom ($86.2M), Japan ($71.4M), and France ($67.9M).

Tariffs: In 2018 the average tariff for Mens, boys overcoats, etc, of manmade fibres, knit was 23.7%, been the 343 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Mens, boys overcoats, etc, of manmade fibres, knit are Iran (100%), Syria (73.5%), Bolivia (38.5%), South Africa (36.3%), and Finland (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Ranking: Mens, boys overcoats, etc, of manmade fibres, knit ranks 4676th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $432M

Top Destination (2018): United States, $465M

Mens, boys overcoats, etc, of manmade fibres, knit are the world's 1569th most traded product.

In 2018, the top exporters of Mens, boys overcoats, etc, of manmade fibres, knit were China ($432M), Vietnam ($211M), Bangladesh ($73.8M), Cambodia ($73.8M), and Belgium-Luxembourg ($66.2M).

In 2018, the top importers of Mens, boys overcoats, etc, of manmade fibres, knit were United States ($465M), Germany ($115M), United Kingdom ($86.2M), Japan ($71.4M), and France ($67.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Vietnam, $67.2M

Top Destination Growth (2017 - 2018): France, $19.7M

Between 2017 and 2018, the exports of Mens, boys overcoats, etc, of manmade fibres, knit grew the fastest in Vietnam ($67.2M), Belgium-Luxembourg ($38.2M), Cambodia ($17M), Netherlands ($15.2M), and Germany ($13M).

Between 2017 and 2018, the fastest growing importers of Mens, boys overcoats, etc, of manmade fibres, knit were France ($19.7M), United States ($16.6M), Japan ($13.3M), United Kingdom ($11.6M), and Belgium-Luxembourg ($10.8M).

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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 Mens, boys overcoats, etc, of manmade fibres, knit.

In 2018,  market concentration measured using Shannon Entropy, was 4.32. This means that most of the exports of Mens, boys overcoats, etc, of manmade fibres, knit are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $413M

TOP NET IMPORTER (2018): United States, $451M

This map shows which countries export or import more of Mens, boys overcoats, etc, of manmade fibres, knit. Each country is colored based on the difference in exports and imports of Mens, boys overcoats, etc, of manmade fibres, knit during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Mens, boys overcoats, etc, of manmade fibres, knit were China ($413M), Vietnam ($209M), Bangladesh ($73.7M), Cambodia ($73.6M), and Honduras ($55.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Mens, boys overcoats, etc, of manmade fibres, knit were United States ($451M), Japan ($69.9M), United Kingdom ($65.3M), Germany ($62.2M), and France ($52.5M).

Trade Forecasts

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This section shows forecasts for total trade for Mens, boys overcoats, etc, of manmade fibres, knit. 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 Mens, boys overcoats, etc, of manmade fibres, knit was 23.7%.  The countries with the highest tariffs for importing Mens, boys overcoats, etc, of manmade fibres, knit were Iran (100%), Syria (73.5%), Bolivia (38.5%), South Africa (36.3%), and Finland (35%).

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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.