HS Icon Pullovers, cardigans etc of cotton, knit

611020 (Harmonized System 1992 for 6-digit)

World Trade (2018): $23.8B, Rnk 109 / 4726

Top Exporter (2018): $6.43B, China

Top Importer (2018): $6.68B, United States

Product Complexity (2018): -2.05, Rnk 4757 / 4873

Export Growth (CAGR)(2017 - 2018): 9.48%, Rnk 2756 / 4726

Mean Tariff (2018): 23.9%, Rnk 321 / 6538

Share of World Trade (2018): 0.13%, Rnk 109 / 4726

Overview:  This page contains the latest trade data of Pullovers, cardigans etc of cotton, knit. In 2018, Pullovers, cardigans etc of cotton, knit were the world's 109th most traded product, with a total trade of $23.8B. Between 2017 and 2018 the exports of Pullovers, cardigans etc of cotton, knit grew by 9.48%, from  $21.7B to $23.8B. Trade in Pullovers, cardigans etc of cotton, knit represent 0.13% of total world trade.

Exports: In 2018 the top exporters of Pullovers, cardigans etc of cotton, knit  were China ($6.43B), Bangladesh ($2.71B), Vietnam ($2.03B), Germany ($1.12B), and Turkey ($1.09B).

Imports: In 2018 the top importers of Pullovers, cardigans etc of cotton, knit were United States ($6.68B), Germany ($2.41B), United Kingdom ($1.3B), France ($1.24B), and Japan ($1.17B).

Tariffs: In 2018 the average tariff for Pullovers, cardigans etc of cotton, knit was 23.9%, been the 321 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Pullovers, cardigans etc of cotton, knit are Iran (100%), Syria (73.5%), Turkmenistan (50%), 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: Pullovers, cardigans etc of cotton, knit ranks 4757th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $6.43B

Top Destination (2018): United States, $6.68B

Pullovers, cardigans etc of cotton, knit are the world's 109th most traded product.

In 2018, the top exporters of Pullovers, cardigans etc of cotton, knit were China ($6.43B), Bangladesh ($2.71B), Vietnam ($2.03B), Germany ($1.12B), and Turkey ($1.09B).

In 2018, the top importers of Pullovers, cardigans etc of cotton, knit were United States ($6.68B), Germany ($2.41B), United Kingdom ($1.3B), France ($1.24B), and Japan ($1.17B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $387M

Top Destination Growth (2017 - 2018): Germany, $288M

Between 2017 and 2018, the exports of Pullovers, cardigans etc of cotton, knit grew the fastest in Germany ($387M), Vietnam ($311M), Bangladesh ($310M), Belgium-Luxembourg ($239M), and Netherlands ($231M).

Between 2017 and 2018, the fastest growing importers of Pullovers, cardigans etc of cotton, knit were Germany ($288M), Italy ($248M), France ($175M), Netherlands ($118M), and Poland ($118M).

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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 Pullovers, cardigans etc of cotton, knit.

In 2018,  market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Pullovers, cardigans etc of cotton, knit are explained by 19 countries.

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TOP NET EXPORTER (2018): China, $6.08B

TOP NET IMPORTER (2018): United States, $6.52B

This map shows which countries export or import more of Pullovers, cardigans etc of cotton, knit. Each country is colored based on the difference in exports and imports of Pullovers, cardigans etc of cotton, knit during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Pullovers, cardigans etc of cotton, knit were China ($6.08B), Bangladesh ($2.71B), Vietnam ($1.96B), Cambodia ($1.03B), and Turkey ($1.01B).

In 2018, the countries that had a largest trade value in imports than in exports of Pullovers, cardigans etc of cotton, knit were United States ($6.52B), Germany ($1.29B), Japan ($1.14B), United Kingdom ($932M), and Hong Kong ($766M).

Trade Forecasts

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This section shows forecasts for total trade for Pullovers, cardigans etc of cotton, 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 Pullovers, cardigans etc of cotton, knit was 23.9%.  The countries with the highest tariffs for importing Pullovers, cardigans etc of cotton, knit were Iran (100%), Syria (73.5%), Turkmenistan (50%), 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.