HS Icon Other Footwear

6405 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.58B, Rnk 587 / 1225

Top Exporter (2018): $1.32B, China

Top Importer (2018): $533M, United States

Product Complexity (2018): -0.73, Rnk 756 / 1018

Export Growth (CAGR)(2017 - 2018): -5.93%, Rnk 1146 / 1225

Mean Tariff (2018): 19.6%, Rnk 116 / 1259

Share of World Trade (2018): 0.019%, Rnk 587 / 1225

Overview: In 2018, Other Footwear were the world's 587th most traded product, with a total trade of $3.58B. Between 2017 and 2018 the exports of Other Footwear decreased by -5.93%, from  $3.81B to $3.58B. Trade in Other Footwear represent 0.019% of total world trade.

Exports: In 2018 the top exporters of Other Footwear  were China ($1.32B), Italy ($275M), Vietnam ($185M), France ($166M), and Poland ($135M).

Imports: In 2018 the top importers of Other Footwear were United States ($533M), Germany ($295M), United Kingdom ($244M), France ($208M), and Japan ($171M).

Tariffs: In 2018 the average tariff for Other Footwear was 19.6%, been the 116 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Footwear are Iran (93.8%), Syria (46%), Egypt (45%), Bolivia (38.4%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: Other Footwear ranks 756th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.32B

Top Destination (2018): United States, $533M

Other Footwear are the world's 587th most traded product.

In 2018, the top exporters of Other Footwear were China ($1.32B), Italy ($275M), Vietnam ($185M), France ($166M), and Poland ($135M).

In 2018, the top importers of Other Footwear were United States ($533M), Germany ($295M), United Kingdom ($244M), France ($208M), and Japan ($171M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $78.3M

Top Destination Growth (2017 - 2018): Italy, $38.4M

Between 2017 and 2018, the exports of Other Footwear grew the fastest in United Arab Emirates ($78.3M), United States ($50.8M), Singapore ($42.1M), Poland ($38.2M), and Vietnam ($35.8M).

Between 2017 and 2018, the fastest growing importers of Other Footwear were Italy ($38.4M), Iran ($37.4M), South Korea ($31.8M), United Arab Emirates ($25.5M), and Switzerland ($23.1M).

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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 Other Footwear.

In 2018,  market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Other Footwear are explained by 16 countries.

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TOP NET EXPORTER (2018): China, $1.28B

TOP NET IMPORTER (2018): United States, $406M

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Footwear were China ($1.28B), Vietnam ($176M), Italy ($117M), Turkey ($59.3M), and Poland ($54.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Footwear were United States ($406M), Germany ($184M), Japan ($167M), United Kingdom ($148M), and Canada ($103M).

Trade Forecasts

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This section shows forecasts for total trade for Other Footwear. 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 Other Footwear was 19.6%.  The countries with the highest tariffs for importing Other Footwear were Iran (93.8%), Syria (46%), Egypt (45%), Bolivia (38.4%), 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.