HS Icon Textile Footwear

6404 (Harmonized System 1992 for 4-digit)

World Trade (2018): $45.1B, Rnk 85 / 1225

Top Exporter (2018): $15.2B, China

Top Importer (2018): $8.66B, United States

Product Complexity (2018): -1.21, Rnk 876 / 1018

Export Growth (CAGR)(2017 - 2018): 15.1%, Rnk 511 / 1225

Mean Tariff (2018): 21.1%, Rnk 97 / 1259

Share of World Trade (2018): 0.25%, Rnk 85 / 1225

Overview: In 2018, Textile Footwear were the world's 85th most traded product, with a total trade of $45.1B. Between 2017 and 2018 the exports of Textile Footwear grew by 15.1%, from  $39.1B to $45.1B. Trade in Textile Footwear represent 0.25% of total world trade.

Exports: In 2018 the top exporters of Textile Footwear  were China ($15.2B), Vietnam ($11.4B), Belgium-Luxembourg ($2.98B), Germany ($2.43B), and Indonesia ($2.42B).

Imports: In 2018 the top importers of Textile Footwear were United States ($8.66B), Germany ($4.05B), France ($2.8B), United Kingdom ($2.34B), and Japan ($1.93B).

Tariffs: In 2018 the average tariff for Textile Footwear was 21.1%, been the 97 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Textile Footwear are Iran (96.3%), Syria (46%), Egypt (45%), Sudan (35%), and Ethiopia (34.7%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: Textile Footwear ranks 876th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $15.2B

Top Destination (2018): United States, $8.66B

Textile Footwear are the world's 85th most traded product.

In 2018, the top exporters of Textile Footwear were China ($15.2B), Vietnam ($11.4B), Belgium-Luxembourg ($2.98B), Germany ($2.43B), and Indonesia ($2.42B).

In 2018, the top importers of Textile Footwear were United States ($8.66B), Germany ($4.05B), France ($2.8B), United Kingdom ($2.34B), and Japan ($1.93B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Vietnam, $1.89B

Top Destination Growth (2017 - 2018): Germany, $589M

Between 2017 and 2018, the exports of Textile Footwear grew the fastest in Vietnam ($1.89B), Belgium-Luxembourg ($1.37B), Germany ($966M), France ($508M), and Italy ($319M).

Between 2017 and 2018, the fastest growing importers of Textile Footwear were Germany ($589M), France ($537M), Netherlands ($446M), Poland ($359M), and China ($305M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Textile Footwear.

In 2018,  market concentration measured using Shannon Entropy, was 3.34. This means that most of the exports of Textile Footwear are explained by 10 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $13.5B

TOP NET IMPORTER (2018): United States, $8.4B

This map shows which countries export or import more of Textile Footwear. Each country is colored based on the difference in exports and imports of Textile Footwear during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Textile Footwear were China ($13.5B), Vietnam ($11.1B), Indonesia ($2.22B), Belgium-Luxembourg ($1.27B), and Cambodia ($768M).

In 2018, the countries that had a largest trade value in imports than in exports of Textile Footwear were United States ($8.4B), Japan ($1.91B), United Kingdom ($1.71B), Germany ($1.62B), and France ($1.59B).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Textile Footwear. 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 Textile Footwear was 21.1%.  The countries with the highest tariffs for importing Textile Footwear were Iran (96.3%), Syria (46%), Egypt (45%), Sudan (35%), and Ethiopia (34.7%).

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.