HS Icon Knit Men's Undergarments

6107 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.55B, Rnk 403 / 1225

Top Exporter (2018): $2.44B, China

Top Importer (2018): $1.86B, United States

Product Complexity (2018): -1.45, Rnk 929 / 1018

Export Growth (CAGR)(2017 - 2018): 10.3%, Rnk 762 / 1225

Mean Tariff (2018): 24.2%, Rnk 53 / 1259

Share of World Trade (2018): 0.041%, Rnk 403 / 1225

Overview:  This page contains the latest trade data of Knit Men's Undergarments. In 2018, Knit Men's Undergarments were the world's 403rd most traded product, with a total trade of $7.55B. Between 2017 and 2018 the exports of Knit Men's Undergarments grew by 10.3%, from  $6.85B to $7.55B. Trade in Knit Men's Undergarments represent 0.041% of total world trade.

Exports: In 2018 the top exporters of Knit Men's Undergarments  were China ($2.44B), Vietnam ($691M), Bangladesh ($675M), India ($574M), and Cambodia ($334M).

Imports: In 2018 the top importers of Knit Men's Undergarments were United States ($1.86B), Germany ($613M), Japan ($473M), United Kingdom ($436M), and France ($379M).

Tariffs: In 2018 the average tariff for Knit Men's Undergarments was 24.2%, been the 53 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Knit Men's Undergarments are Iran (100%), Syria (73.5%), Bolivia (38.5%), Turkmenistan (38%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Kyrgyzstan (0%), Sri Lanka (0%), and Maldives (0%).

Ranking: Knit Men's Undergarments ranks 929th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.44B

Top Destination (2018): United States, $1.86B

Knit Men's Undergarments are the world's 403rd most traded product.

In 2018, the top exporters of Knit Men's Undergarments were China ($2.44B), Vietnam ($691M), Bangladesh ($675M), India ($574M), and Cambodia ($334M).

In 2018, the top importers of Knit Men's Undergarments were United States ($1.86B), Germany ($613M), Japan ($473M), United Kingdom ($436M), and France ($379M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $205M

Top Destination Growth (2017 - 2018): United States, $186M

Between 2017 and 2018, the exports of Knit Men's Undergarments grew the fastest in China ($205M), Netherlands ($151M), Bangladesh ($131M), Vietnam ($97.2M), and Cambodia ($47.4M).

Between 2017 and 2018, the fastest growing importers of Knit Men's Undergarments were United States ($186M), Germany ($119M), France ($59.4M), Netherlands ($50.8M), and United Kingdom ($47.2M).

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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 Men's Undergarments.

In 2018,  market concentration measured using Shannon Entropy, was 4.11. This means that most of the exports of Knit Men's Undergarments are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $2.39B

TOP NET IMPORTER (2018): United States, $1.84B

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

In 2018, the countries that had a largest trade value in exports than in imports of Knit Men's Undergarments were China ($2.39B), Bangladesh ($675M), Vietnam ($664M), India ($561M), and Cambodia ($333M).

In 2018, the countries that had a largest trade value in imports than in exports of Knit Men's Undergarments were United States ($1.84B), Japan ($470M), Germany ($427M), United Kingdom ($373M), and France ($291M).

Trade Forecasts

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This section shows forecasts for total trade for Knit Men's Undergarments. 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 Men's Undergarments was 24.2%.  The countries with the highest tariffs for importing Knit Men's Undergarments were Iran (100%), Syria (73.5%), Bolivia (38.5%), Turkmenistan (38%), 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.