HS Icon Mens, boys ensembles, synthetic fibres, knit

610323 (Harmonized System 1992 for 6-digit)

World Trade (2018): $294M, Rnk 3319 / 4726

Top Exporter (2018): $178M, China

Top Importer (2018): $43.6M, Iraq

Export Growth (CAGR)(2017 - 2018): -12.6%, Rnk 4380 / 4726

Mean Tariff (2018): 23.9%, Rnk 324 / 6538

Share of World Trade (2018): 0.0016%, Rnk 3319 / 4726

Overview:  This page contains the latest trade data of Mens, boys ensembles, synthetic fibres, knit. In 2018, Mens, boys ensembles, synthetic fibres, knit were the world's 3319th most traded product, with a total trade of $294M. Between 2017 and 2018 the exports of Mens, boys ensembles, synthetic fibres, knit decreased by -12.6%, from  $336M to $294M. Trade in Mens, boys ensembles, synthetic fibres, knit represent 0.0016% of total world trade.

Exports: In 2018 the top exporters of Mens, boys ensembles, synthetic fibres, knit  were China ($178M), India ($42.3M), Italy ($13.6M), Morocco ($6.5M), and Cambodia ($6.12M).

Imports: In 2018 the top importers of Mens, boys ensembles, synthetic fibres, knit were Iraq ($43.6M), United Arab Emirates ($38.7M), Japan ($22.7M), France ($12.7M), and United States ($12.2M).

Tariffs: In 2018 the average tariff for Mens, boys ensembles, synthetic fibres, knit was 23.9%, been the 324 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Mens, boys ensembles, synthetic 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%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $178M

Top Destination (2018): Iraq, $43.6M

Mens, boys ensembles, synthetic fibres, knit are the world's 3319th most traded product.

In 2018, the top exporters of Mens, boys ensembles, synthetic fibres, knit were China ($178M), India ($42.3M), Italy ($13.6M), Morocco ($6.5M), and Cambodia ($6.12M).

In 2018, the top importers of Mens, boys ensembles, synthetic fibres, knit were Iraq ($43.6M), United Arab Emirates ($38.7M), Japan ($22.7M), France ($12.7M), and United States ($12.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $12.6M

Top Destination Growth (2017 - 2018): United States, $9.07M

Between 2017 and 2018, the exports of Mens, boys ensembles, synthetic fibres, knit grew the fastest in China ($12.6M), Morocco ($6.31M), Italy ($5.16M), Turkey ($3.38M), and Bangladesh ($2.4M).

Between 2017 and 2018, the fastest growing importers of Mens, boys ensembles, synthetic fibres, knit were United States ($9.07M), France ($8.7M), Japan ($6.21M), Oman ($5.41M), and Kazakhstan ($4.14M).

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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 ensembles, synthetic fibres, knit.

In 2018,  market concentration measured using Shannon Entropy, was 2.49. This means that most of the exports of Mens, boys ensembles, synthetic fibres, knit are explained by 5 countries.

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TOP NET EXPORTER (2018): China, $176M

TOP NET IMPORTER (2018): United Arab Emirates, $38M

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

In 2018, the countries that had a largest trade value in exports than in imports of Mens, boys ensembles, synthetic fibres, knit were China ($176M), India ($40.9M), Morocco ($6.46M), Cambodia ($6.1M), and Turkey ($5.68M).

In 2018, the countries that had a largest trade value in imports than in exports of Mens, boys ensembles, synthetic fibres, knit were United Arab Emirates ($38M), Japan ($22.5M), United States ($11.5M), Saudi Arabia ($9.62M), and Germany ($8.67M).

Trade Forecasts

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This section shows forecasts for total trade for Mens, boys ensembles, synthetic 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 ensembles, synthetic fibres, knit was 23.9%.  The countries with the highest tariffs for importing Mens, boys ensembles, synthetic 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.