HS Icon Non-Knit Men's Suits

6203 (Harmonized System 1992 for 4-digit)

World Trade (2018): $48.6B, Rnk 75 / 1225

Top Exporter (2018): $11B, China

Top Importer (2018): $8.67B, United States

Product Complexity (2018): -1.27, Rnk 890 / 1018

Export Growth (CAGR)(2017 - 2018): 12.2%, Rnk 661 / 1225

Mean Tariff (2018): 25.1%, Rnk 46 / 1259

Share of World Trade (2018): 0.26%, Rnk 75 / 1225

Overview:  This page contains the latest trade data of Non-Knit Men's Suits. In 2018, Non-Knit Men's Suits were the world's 75th most traded product, with a total trade of $48.6B. Between 2017 and 2018 the exports of Non-Knit Men's Suits grew by 12.2%, from  $43.3B to $48.6B. Trade in Non-Knit Men's Suits represent 0.26% of total world trade.

Exports: In 2018 the top exporters of Non-Knit Men's Suits  were China ($11B), Bangladesh ($6.89B), Germany ($3.07B), Vietnam ($2.9B), and Italy ($2.3B).

Imports: In 2018 the top importers of Non-Knit Men's Suits were United States ($8.67B), Germany ($5.59B), France ($2.73B), Japan ($2.61B), and United Kingdom ($2.32B).

Tariffs: In 2018 the average tariff for Non-Knit Men's Suits was 25.1%, been the 46 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Non-Knit Men's Suits are Iran (100%), Syria (73.5%), Austria (56.6%), South Africa (40.2%), and Cape Verde (40%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Ranking: Non-Knit Men's Suits ranks 890th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $11B

Top Destination (2018): United States, $8.67B

Non-Knit Men's Suits are the world's 75th most traded product.

In 2018, the top exporters of Non-Knit Men's Suits were China ($11B), Bangladesh ($6.89B), Germany ($3.07B), Vietnam ($2.9B), and Italy ($2.3B).

In 2018, the top importers of Non-Knit Men's Suits were United States ($8.67B), Germany ($5.59B), France ($2.73B), Japan ($2.61B), and United Kingdom ($2.32B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $1.09B

Top Destination Growth (2017 - 2018): Germany, $658M

Between 2017 and 2018, the exports of Non-Knit Men's Suits grew the fastest in Germany ($1.09B), China ($994M), Bangladesh ($691M), Spain ($422M), and Netherlands ($400M).

Between 2017 and 2018, the fastest growing importers of Non-Knit Men's Suits were Germany ($658M), United States ($459M), France ($438M), Switzerland ($400M), and Italy ($258M).

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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 Non-Knit Men's Suits.

In 2018,  market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Non-Knit Men's Suits are explained by 23 countries.

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TOP NET EXPORTER (2018): China, $10.3B

TOP NET IMPORTER (2018): United States, $8.36B

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

In 2018, the countries that had a largest trade value in exports than in imports of Non-Knit Men's Suits were China ($10.3B), Bangladesh ($6.86B), Vietnam ($2.69B), Pakistan ($1.6B), and Turkey ($1.43B).

In 2018, the countries that had a largest trade value in imports than in exports of Non-Knit Men's Suits were United States ($8.36B), Japan ($2.55B), Germany ($2.52B), France ($2.06B), and United Kingdom ($1.76B).

Trade Forecasts

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This section shows forecasts for total trade for Non-Knit Men'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 Non-Knit Men's Suits was 25.1%.  The countries with the highest tariffs for importing Non-Knit Men's Suits were Iran (100%), Syria (73.5%), Austria (56.6%), South Africa (40.2%), and Cape Verde (40%).

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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.