HS Icon T-shirts, singlets and other vests, of cotton, knit

610910 (Harmonized System 1992 for 6-digit)

World Trade (2018): $30.6B, Rnk 81 / 4726

Top Exporter (2018): $5.89B, Bangladesh

Top Importer (2018): $5.04B, United States

Product Complexity (2018): -2.05, Rnk 4762 / 4873

Export Growth (CAGR)(2017 - 2018): 19.7%, Rnk 1410 / 4726

Mean Tariff (2018): 25.1%, Rnk 206 / 6538

Share of World Trade (2018): 0.17%, Rnk 81 / 4726

Overview:  This page contains the latest trade data of T-shirts, singlets and other vests, of cotton, knit. In 2018, T-shirts, singlets and other vests, of cotton, knit were the world's 81st most traded product, with a total trade of $30.6B. Between 2017 and 2018 the exports of T-shirts, singlets and other vests, of cotton, knit grew by 19.7%, from  $25.6B to $30.6B. Trade in T-shirts, singlets and other vests, of cotton, knit represent 0.17% of total world trade.

Exports: In 2018 the top exporters of T-shirts, singlets and other vests, of cotton, knit  were Bangladesh ($5.89B), China ($3.77B), India ($1.91B), Turkey ($1.73B), and Germany ($1.56B).

Imports: In 2018 the top importers of T-shirts, singlets and other vests, of cotton, knit were United States ($5.04B), Germany ($3.26B), United Kingdom ($1.83B), France ($1.83B), and Spain ($1.54B).

Tariffs: In 2018 the average tariff for T-shirts, singlets and other vests, of cotton, knit was 25.1%, been the 206 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for T-shirts, singlets and other vests, of cotton, knit are Iran (100%), Syria (73.5%), Barbados (64.8%), Turkmenistan (50%), and South Africa (40.8%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: T-shirts, singlets and other vests, of cotton, knit ranks 4762nd in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Bangladesh, $5.89B

Top Destination (2018): United States, $5.04B

T-shirts, singlets and other vests, of cotton, knit are the world's 81st most traded product.

In 2018, the top exporters of T-shirts, singlets and other vests, of cotton, knit were Bangladesh ($5.89B), China ($3.77B), India ($1.91B), Turkey ($1.73B), and Germany ($1.56B).

In 2018, the top importers of T-shirts, singlets and other vests, of cotton, knit were United States ($5.04B), Germany ($3.26B), United Kingdom ($1.83B), France ($1.83B), and Spain ($1.54B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Bangladesh, $746M

Top Destination Growth (2017 - 2018): United States, $915M

Between 2017 and 2018, the exports of T-shirts, singlets and other vests, of cotton, knit grew the fastest in Bangladesh ($746M), Germany ($447M), Netherlands ($335M), Italy ($314M), and Spain ($276M).

Between 2017 and 2018, the fastest growing importers of T-shirts, singlets and other vests, of cotton, knit were United States ($915M), Germany ($478M), France ($316M), Poland ($274M), and Italy ($272M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of T-shirts, singlets and other vests, of cotton, knit.

In 2018,  market concentration measured using Shannon Entropy, was 4.69. This means that most of the exports of T-shirts, singlets and other vests, of cotton, knit are explained by 25 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Bangladesh, $5.88B

TOP NET IMPORTER (2018): United States, $4.61B

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

In 2018, the countries that had a largest trade value in exports than in imports of T-shirts, singlets and other vests, of cotton, knit were Bangladesh ($5.88B), China ($3.24B), India ($1.87B), Turkey ($1.62B), and Vietnam ($987M).

In 2018, the countries that had a largest trade value in imports than in exports of T-shirts, singlets and other vests, of cotton, knit were United States ($4.61B), Germany ($1.7B), United Kingdom ($1.32B), Japan ($1.22B), and France ($1.12B).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for T-shirts, singlets and other vests, of cotton, knit. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing T-shirts, singlets and other vests, of cotton, knit was 25.1%.  The countries with the highest tariffs for importing T-shirts, singlets and other vests, of cotton, knit were Iran (100%), Syria (73.5%), Barbados (64.8%), Turkmenistan (50%), and South Africa (40.8%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.