HS Icon Non-Knit Women's Suits

6204 (Harmonized System 1992 for 4-digit)

World Trade (2018): $64.3B, Rnk 43 / 1225

Top Exporter (2018): $21.2B, China

Top Importer (2018): $10.8B, United States

Product Complexity (2018): -1.32, Rnk 907 / 1018

Export Growth (CAGR)(2017 - 2018): 14.5%, Rnk 545 / 1225

Mean Tariff (2018): 24.9%, Rnk 48 / 1259

Share of World Trade (2018): 0.35%, Rnk 43 / 1225

Overview: In 2018, Non-Knit Women's Suits were the world's 43rd most traded product, with a total trade of $64.3B. Between 2017 and 2018 the exports of Non-Knit Women's Suits grew by 14.5%, from  $56.2B to $64.3B. Trade in Non-Knit Women's Suits represent 0.35% of total world trade.

Exports: In 2018 the top exporters of Non-Knit Women's Suits  were China ($21.2B), Bangladesh ($4.91B), Italy ($3.34B), Vietnam ($3.18B), and Germany ($3.04B).

Imports: In 2018 the top importers of Non-Knit Women's Suits were United States ($10.8B), Germany ($6.34B), United Kingdom ($3.95B), Spain ($3.94B), and France ($3.88B).

Tariffs: In 2018 the average tariff for Non-Knit Women's Suits was 24.9%, been the 48 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Non-Knit Women's Suits are Iran (100%), Syria (73.5%), Austria (47.6%), 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 Women's Suits ranks 907th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $21.2B

Top Destination (2018): United States, $10.8B

Non-Knit Women's Suits are the world's 43rd most traded product.

In 2018, the top exporters of Non-Knit Women's Suits were China ($21.2B), Bangladesh ($4.91B), Italy ($3.34B), Vietnam ($3.18B), and Germany ($3.04B).

In 2018, the top importers of Non-Knit Women's Suits were United States ($10.8B), Germany ($6.34B), United Kingdom ($3.95B), Spain ($3.94B), and France ($3.88B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Spain, $1.3B

Top Destination Growth (2017 - 2018): Germany, $1.65B

Between 2017 and 2018, the exports of Non-Knit Women's Suits grew the fastest in Spain ($1.3B), Germany ($1.25B), Bangladesh ($788M), Poland ($625M), and United Kingdom ($565M).

Between 2017 and 2018, the fastest growing importers of Non-Knit Women's Suits were Germany ($1.65B), Poland ($789M), United States ($663M), Spain ($632M), and France ($584M).

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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 Women's Suits.

In 2018,  market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Non-Knit Women's Suits are explained by 18 countries.

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TOP NET EXPORTER (2018): China, $20.4B

TOP NET IMPORTER (2018): United States, $10.3B

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

In 2018, the countries that had a largest trade value in exports than in imports of Non-Knit Women's Suits were China ($20.4B), Bangladesh ($4.9B), Turkey ($2.65B), India ($2.26B), and Vietnam ($1.61B).

In 2018, the countries that had a largest trade value in imports than in exports of Non-Knit Women's Suits were United States ($10.3B), Japan ($3.41B), Germany ($3.3B), United Kingdom ($2.6B), and France ($2.14B).

Trade Forecasts

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This section shows forecasts for total trade for Non-Knit Women'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 Women's Suits was 24.9%.  The countries with the highest tariffs for importing Non-Knit Women's Suits were Iran (100%), Syria (73.5%), Austria (47.6%), 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.