HS Icon Knit Women's Suits

6104 (Harmonized System 1992 for 4-digit)

World Trade (2018): $33B, Rnk 112 / 1225

Top Exporter (2018): $11.1B, China

Top Importer (2018): $6.4B, United States

Product Complexity (2018): -1.51, Rnk 940 / 1018

Export Growth (CAGR)(2017 - 2018): 13.9%, Rnk 572 / 1225

Mean Tariff (2018): 23.9%, Rnk 56 / 1259

Share of World Trade (2018): 0.18%, Rnk 112 / 1225

Overview: In 2018, Knit Women's Suits were the world's 112th most traded product, with a total trade of $33B. Between 2017 and 2018 the exports of Knit Women's Suits grew by 13.9%, from  $29B to $33B. Trade in Knit Women's Suits represent 0.18% of total world trade.

Exports: In 2018 the top exporters of Knit Women's Suits  were China ($11.1B), Vietnam ($2.75B), Bangladesh ($2.26B), Germany ($1.82B), and Cambodia ($1.75B).

Imports: In 2018 the top importers of Knit Women's Suits were United States ($6.4B), Germany ($3.58B), United Kingdom ($1.81B), France ($1.7B), and Japan ($1.44B).

Tariffs: In 2018 the average tariff for Knit Women's Suits was 23.9%, been the 56 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Knit Women's Suits are Iran (100%), Syria (73.5%), South Africa (40%), Bolivia (38.4%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Ranking: Knit Women's Suits ranks 940th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $11.1B

Top Destination (2018): United States, $6.4B

Knit Women's Suits are the world's 112th most traded product.

In 2018, the top exporters of Knit Women's Suits were China ($11.1B), Vietnam ($2.75B), Bangladesh ($2.26B), Germany ($1.82B), and Cambodia ($1.75B).

In 2018, the top importers of Knit Women's Suits were United States ($6.4B), Germany ($3.58B), United Kingdom ($1.81B), France ($1.7B), and Japan ($1.44B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $694M

Top Destination Growth (2017 - 2018): Germany, $777M

Between 2017 and 2018, the exports of Knit Women's Suits grew the fastest in Germany ($694M), China ($609M), Bangladesh ($361M), Spain ($334M), and Vietnam ($278M).

Between 2017 and 2018, the fastest growing importers of Knit Women's Suits were Germany ($777M), Poland ($318M), Netherlands ($287M), Spain ($286M), and South Korea ($233M).

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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 Knit Women's Suits.

In 2018,  market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Knit Women's Suits are explained by 18 countries.

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TOP NET EXPORTER (2018): China, $10.8B

TOP NET IMPORTER (2018): United States, $6.17B

This map shows which countries export or import more of Knit Women's Suits. Each country is colored based on the difference in exports and imports of Knit Women's Suits during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Knit Women's Suits were China ($10.8B), Vietnam ($2.25B), Bangladesh ($2.25B), Cambodia ($1.74B), and Turkey ($1.23B).

In 2018, the countries that had a largest trade value in imports than in exports of Knit Women's Suits were United States ($6.17B), Germany ($1.75B), Japan ($1.4B), United Kingdom ($1.27B), and France ($935M).

Trade Forecasts

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This section shows forecasts for total trade for Knit Women's Suits. 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 Knit Women's Suits was 23.9%.  The countries with the highest tariffs for importing Knit Women's Suits were Iran (100%), Syria (73.5%), South Africa (40%), Bolivia (38.4%), and Sudan (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.