HS Icon Footwear, outer soles and uppers of leather, nes

640359 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.69B, Rnk 674 / 4726

Top Exporter (2018): $2.16B, Italy

Top Importer (2018): $718M, United States

Product Complexity (2018): -0.77, Rnk 3740 / 4873

Export Growth (CAGR)(2017 - 2018): 4.55%, Rnk 3386 / 4726

Mean Tariff (2018): 21.4%, Rnk 515 / 6538

Share of World Trade (2018): 0.026%, Rnk 674 / 4726

Overview:  This page contains the latest trade data of Footwear, outer soles and uppers of leather, nes. In 2018, Footwear, outer soles and uppers of leather, nes were the world's 674th most traded product, with a total trade of $4.69B. Between 2017 and 2018 the exports of Footwear, outer soles and uppers of leather, nes grew by 4.55%, from  $4.49B to $4.69B. Trade in Footwear, outer soles and uppers of leather, nes represent 0.026% of total world trade.

Exports: In 2018 the top exporters of Footwear, outer soles and uppers of leather, nes  were Italy ($2.16B), France ($508M), Spain ($297M), Portugal ($271M), and China ($185M).

Imports: In 2018 the top importers of Footwear, outer soles and uppers of leather, nes were United States ($718M), France ($556M), Switzerland ($378M), United Kingdom ($339M), and Germany ($328M).

Tariffs: In 2018 the average tariff for Footwear, outer soles and uppers of leather, nes was 21.4%, been the 515 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Footwear, outer soles and uppers of leather, nes are Iran (120%), Syria (46%), Egypt (45%), Bolivia (38.5%), and Cambodia (35%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: Footwear, outer soles and uppers of leather, nes ranks 3740th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $2.16B

Top Destination (2018): United States, $718M

Footwear, outer soles and uppers of leather, nes are the world's 674th most traded product.

In 2018, the top exporters of Footwear, outer soles and uppers of leather, nes were Italy ($2.16B), France ($508M), Spain ($297M), Portugal ($271M), and China ($185M).

In 2018, the top importers of Footwear, outer soles and uppers of leather, nes were United States ($718M), France ($556M), Switzerland ($378M), United Kingdom ($339M), and Germany ($328M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): France, $165M

Top Destination Growth (2017 - 2018): Switzerland, $224M

Between 2017 and 2018, the exports of Footwear, outer soles and uppers of leather, nes grew the fastest in France ($165M), Portugal ($90.6M), Spain ($44.3M), United Kingdom ($40.4M), and Germany ($39.6M).

Between 2017 and 2018, the fastest growing importers of Footwear, outer soles and uppers of leather, nes were Switzerland ($224M), Italy ($51.1M), Germany ($39.7M), United Arab Emirates ($24M), and Spain ($19.4M).

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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 Footwear, outer soles and uppers of leather, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.33. This means that most of the exports of Footwear, outer soles and uppers of leather, nes are explained by 10 countries.

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TOP NET EXPORTER (2018): Italy, $1.88B

TOP NET IMPORTER (2018): United States, $680M

This map shows which countries export or import more of Footwear, outer soles and uppers of leather, nes. Each country is colored based on the difference in exports and imports of Footwear, outer soles and uppers of leather, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Footwear, outer soles and uppers of leather, nes were Italy ($1.88B), Portugal ($249M), Spain ($216M), India ($87.6M), and Vietnam ($37.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Footwear, outer soles and uppers of leather, nes were United States ($680M), Switzerland ($232M), United Kingdom ($178M), Germany ($173M), and Hong Kong ($165M).

Trade Forecasts

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This section shows forecasts for total trade for Footwear, outer soles and uppers of leather, nes. 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 Footwear, outer soles and uppers of leather, nes was 21.4%.  The countries with the highest tariffs for importing Footwear, outer soles and uppers of leather, nes were Iran (120%), Syria (46%), Egypt (45%), Bolivia (38.5%), and Cambodia (35%).

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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.