HS Icon Footwear,sole rubber/plastic,upper textile, not sport

640419 (Harmonized System 1992 for 6-digit)

World Trade (2018): $25.4B, Rnk 104 / 4726

Top Exporter (2018): $12.5B, China

Top Importer (2018): $4.9B, United States

Product Complexity (2018): -1.24, Rnk 4240 / 4873

Export Growth (CAGR)(2017 - 2018): 20.1%, Rnk 1367 / 4726

Mean Tariff (2018): 22.1%, Rnk 475 / 6538

Share of World Trade (2018): 0.14%, Rnk 104 / 4726

Overview:  This page contains the latest trade data of Footwear,sole rubber/plastic,upper textile, not sport. In 2018, Footwear,sole rubber/plastic,upper textile, not sport were the world's 104th most traded product, with a total trade of $25.4B. Between 2017 and 2018 the exports of Footwear,sole rubber/plastic,upper textile, not sport grew by 20.1%, from  $21.1B to $25.4B. Trade in Footwear,sole rubber/plastic,upper textile, not sport represent 0.14% of total world trade.

Exports: In 2018 the top exporters of Footwear,sole rubber/plastic,upper textile, not sport  were China ($12.5B), Vietnam ($4.5B), Italy ($1.02B), Germany ($855M), and Indonesia ($650M).

Imports: In 2018 the top importers of Footwear,sole rubber/plastic,upper textile, not sport were United States ($4.9B), Germany ($1.96B), France ($1.37B), China ($1.3B), and Japan ($1.25B).

Tariffs: In 2018 the average tariff for Footwear,sole rubber/plastic,upper textile, not sport was 22.1%, been the 475 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Footwear,sole rubber/plastic,upper textile, not sport are Iran (120%), Syria (46%), Egypt (45%), Bolivia (38.5%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: Footwear,sole rubber/plastic,upper textile, not sport ranks 4240th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $12.5B

Top Destination (2018): United States, $4.9B

Footwear,sole rubber/plastic,upper textile, not sport are the world's 104th most traded product.

In 2018, the top exporters of Footwear,sole rubber/plastic,upper textile, not sport were China ($12.5B), Vietnam ($4.5B), Italy ($1.02B), Germany ($855M), and Indonesia ($650M).

In 2018, the top importers of Footwear,sole rubber/plastic,upper textile, not sport were United States ($4.9B), Germany ($1.96B), France ($1.37B), China ($1.3B), and Japan ($1.25B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Vietnam, $1.01B

Top Destination Growth (2017 - 2018): United States, $751M

Between 2017 and 2018, the exports of Footwear,sole rubber/plastic,upper textile, not sport grew the fastest in Vietnam ($1.01B), China ($806M), France ($358M), Belgium-Luxembourg ($347M), and Germany ($332M).

Between 2017 and 2018, the fastest growing importers of Footwear,sole rubber/plastic,upper textile, not sport were United States ($751M), Germany ($444M), France ($284M), Italy ($196M), and China ($180M).

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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,sole rubber/plastic,upper textile, not sport.

In 2018,  market concentration measured using Shannon Entropy, was 3.02. This means that most of the exports of Footwear,sole rubber/plastic,upper textile, not sport are explained by 8 countries.

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TOP NET EXPORTER (2018): China, $11.2B

TOP NET IMPORTER (2018): United States, $4.8B

This map shows which countries export or import more of Footwear,sole rubber/plastic,upper textile, not sport. Each country is colored based on the difference in exports and imports of Footwear,sole rubber/plastic,upper textile, not sport during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Footwear,sole rubber/plastic,upper textile, not sport were China ($11.2B), Vietnam ($4.29B), Cambodia ($539M), Indonesia ($504M), and Italy ($178M).

In 2018, the countries that had a largest trade value in imports than in exports of Footwear,sole rubber/plastic,upper textile, not sport were United States ($4.8B), Japan ($1.24B), Germany ($1.1B), United Kingdom ($957M), and France ($777M).

Trade Forecasts

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This section shows forecasts for total trade for Footwear,sole rubber/plastic,upper textile, not sport. 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,sole rubber/plastic,upper textile, not sport was 22.1%.  The countries with the highest tariffs for importing Footwear,sole rubber/plastic,upper textile, not sport were Iran (120%), Syria (46%), Egypt (45%), Bolivia (38.5%), and Sudan (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.