HS Icon Parts of garments, clothing accessories nes, not knit

621790 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.02B, Rnk 2005 / 4726

Top Exporter (2018): $327M, South Korea

Top Importer (2018): $303M, Vietnam

Product Complexity (2018): -0.71, Rnk 3636 / 4873

Export Growth (CAGR)(2017 - 2018): -3.12%, Rnk 4061 / 4726

Mean Tariff (2018): 21.9%, Rnk 493 / 6538

Share of World Trade (2018): 0.0055%, Rnk 2005 / 4726

Overview:  This page contains the latest trade data of Parts of garments, clothing accessories nes, not knit. In 2018, Parts of garments, clothing accessories nes, not knit were the world's 2005th most traded product, with a total trade of $1.02B. Between 2017 and 2018 the exports of Parts of garments, clothing accessories nes, not knit decreased by -3.12%, from  $1.05B to $1.02B. Trade in Parts of garments, clothing accessories nes, not knit represent 0.0055% of total world trade.

Exports: In 2018 the top exporters of Parts of garments, clothing accessories nes, not knit  were South Korea ($327M), Italy ($107M), Spain ($96.1M), China ($86.7M), and Chinese Taipei ($73.8M).

Imports: In 2018 the top importers of Parts of garments, clothing accessories nes, not knit were Vietnam ($303M), Morocco ($94.1M), Indonesia ($56.2M), Romania ($38.4M), and China ($36.8M).

Tariffs: In 2018 the average tariff for Parts of garments, clothing accessories nes, not knit was 21.9%, been the 493 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Parts of garments, clothing accessories nes, not knit are Iran (100%), Syria (73.5%), Cape Verde (40%), Bolivia (38.5%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Ranking: Parts of garments, clothing accessories nes, not knit ranks 3636th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): South Korea, $327M

Top Destination (2018): Vietnam, $303M

Parts of garments, clothing accessories nes, not knit are the world's 2005th most traded product.

In 2018, the top exporters of Parts of garments, clothing accessories nes, not knit were South Korea ($327M), Italy ($107M), Spain ($96.1M), China ($86.7M), and Chinese Taipei ($73.8M).

In 2018, the top importers of Parts of garments, clothing accessories nes, not knit were Vietnam ($303M), Morocco ($94.1M), Indonesia ($56.2M), Romania ($38.4M), and China ($36.8M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): South Korea, $67.2M

Top Destination Growth (2017 - 2018): Vietnam, $80.8M

Between 2017 and 2018, the exports of Parts of garments, clothing accessories nes, not knit grew the fastest in South Korea ($67.2M), Chinese Taipei ($67M), Singapore ($13.4M), Romania ($5.65M), and Netherlands ($4.72M).

Between 2017 and 2018, the fastest growing importers of Parts of garments, clothing accessories nes, not knit were Vietnam ($80.8M), Indonesia ($32.6M), Armenia ($10.2M), United States ($9.36M), and Cambodia ($7.9M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Parts of garments, clothing accessories nes, not knit.

In 2018,  market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Parts of garments, clothing accessories nes, not knit are explained by 14 countries.

Explore Visualizations

TOP NET EXPORTER (2018): South Korea, $322M

TOP NET IMPORTER (2018): Vietnam, $301M

This map shows which countries export or import more of Parts of garments, clothing accessories nes, not knit. Each country is colored based on the difference in exports and imports of Parts of garments, clothing accessories nes, not knit during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Parts of garments, clothing accessories nes, not knit were South Korea ($322M), Spain ($87M), Italy ($72.9M), Chinese Taipei ($72.1M), and China ($49.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Parts of garments, clothing accessories nes, not knit were Vietnam ($301M), Morocco ($93.7M), Indonesia ($55.1M), Tunisia ($25.2M), and Burma ($24M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Parts of garments, clothing accessories nes, not 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 Parts of garments, clothing accessories nes, not knit was 21.9%.  The countries with the highest tariffs for importing Parts of garments, clothing accessories nes, not knit were Iran (100%), Syria (73.5%), Cape Verde (40%), Bolivia (38.5%), and Sudan (35%).

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.