HS Icon Knit T-shirts

6109 (Harmonized System 1992 for 4-digit)

World Trade (2018): $46.5B, Rnk 81 / 1225

Top Exporter (2018): $7.67B, China

Top Importer (2018): $7.45B, United States

Product Complexity (2018): -1.54, Rnk 943 / 1018

Export Growth (CAGR)(2017 - 2018): 17.1%, Rnk 420 / 1225

Mean Tariff (2018): 25.1%, Rnk 47 / 1259

Share of World Trade (2018): 0.25%, Rnk 81 / 1225

Overview:  This page contains the latest trade data of Knit T-shirts. In 2018, Knit T-shirts were the world's 81st most traded product, with a total trade of $46.5B. Between 2017 and 2018 the exports of Knit T-shirts grew by 17.1%, from  $39.7B to $46.5B. Trade in Knit T-shirts represent 0.25% of total world trade.

Exports: In 2018 the top exporters of Knit T-shirts  were China ($7.67B), Bangladesh ($6.76B), Turkey ($2.88B), India ($2.43B), and Germany ($2.41B).

Imports: In 2018 the top importers of Knit T-shirts were United States ($7.45B), Germany ($5.06B), France ($2.87B), United Kingdom ($2.8B), and Japan ($2.71B).

Tariffs: In 2018 the average tariff for Knit T-shirts was 25.1%, been the 47 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Knit T-shirts are Iran (100%), Syria (73.5%), Barbados (64.2%), South Africa (40.8%), and Bolivia (38.3%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: Knit T-shirts ranks 943rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $7.67B

Top Destination (2018): United States, $7.45B

Knit T-shirts are the world's 81st most traded product.

In 2018, the top exporters of Knit T-shirts were China ($7.67B), Bangladesh ($6.76B), Turkey ($2.88B), India ($2.43B), and Germany ($2.41B).

In 2018, the top importers of Knit T-shirts were United States ($7.45B), Germany ($5.06B), France ($2.87B), United Kingdom ($2.8B), and Japan ($2.71B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Bangladesh, $874M

Top Destination Growth (2017 - 2018): United States, $1.35B

Between 2017 and 2018, the exports of Knit T-shirts grew the fastest in Bangladesh ($874M), Germany ($722M), Belgium-Luxembourg ($673M), China ($650M), and Netherlands ($393M).

Between 2017 and 2018, the fastest growing importers of Knit T-shirts were United States ($1.35B), Germany ($641M), France ($457M), Japan ($447M), and Poland ($398M).

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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 T-shirts.

In 2018,  market concentration measured using Shannon Entropy, was 4.76. This means that most of the exports of Knit T-shirts are explained by 27 countries.

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TOP NET EXPORTER (2018): China, $6.93B

TOP NET IMPORTER (2018): United States, $6.9B

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

In 2018, the countries that had a largest trade value in exports than in imports of Knit T-shirts were China ($6.93B), Bangladesh ($6.76B), Turkey ($2.69B), India ($2.36B), and Vietnam ($1.97B).

In 2018, the countries that had a largest trade value in imports than in exports of Knit T-shirts were United States ($6.9B), Germany ($2.65B), Japan ($2.65B), United Kingdom ($2.06B), and France ($1.81B).

Trade Forecasts

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This section shows forecasts for total trade for Knit T-shirts. 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 T-shirts was 25.1%.  The countries with the highest tariffs for importing Knit T-shirts were Iran (100%), Syria (73.5%), Barbados (64.2%), South Africa (40.8%), and Bolivia (38.3%).

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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.