HS Icon Footwear Parts

6406 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.55B, Rnk 367 / 1225

Top Exporter (2018): $2.59B, China

Top Importer (2018): $1.11B, Italy

Product Complexity (2018): -0.7, Rnk 746 / 1018

Export Growth (CAGR)(2017 - 2018): 6.44%, Rnk 915 / 1225

Mean Tariff (2018): 15.2%, Rnk 187 / 1259

Share of World Trade (2018): 0.046%, Rnk 367 / 1225

Overview:  This page contains the latest trade data of Footwear Parts. In 2018, Footwear Parts were the world's 367th most traded product, with a total trade of $8.55B. Between 2017 and 2018 the exports of Footwear Parts grew by 6.44%, from  $8.03B to $8.55B. Trade in Footwear Parts represent 0.046% of total world trade.

Exports: In 2018 the top exporters of Footwear Parts  were China ($2.59B), Italy ($876M), Vietnam ($639M), Romania ($375M), and India ($373M).

Imports: In 2018 the top importers of Footwear Parts were Italy ($1.11B), Vietnam ($921M), Germany ($538M), Romania ($405M), and China ($391M).

Tariffs: In 2018 the average tariff for Footwear Parts was 15.2%, been the 187 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Footwear Parts are Iran (96.8%), Cape Verde (30%), Bangladesh (24.9%), Syria (22.9%), and Zimbabwe (22.9%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Armenia (0%), Hong Kong (0%), and Kazakhstan (0%).

Ranking: Footwear Parts ranks 746th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $2.59B

Top Destination (2018): Italy, $1.11B

Footwear Parts are the world's 367th most traded product.

In 2018, the top exporters of Footwear Parts were China ($2.59B), Italy ($876M), Vietnam ($639M), Romania ($375M), and India ($373M).

In 2018, the top importers of Footwear Parts were Italy ($1.11B), Vietnam ($921M), Germany ($538M), Romania ($405M), and China ($391M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Vietnam, $146M

Top Destination Growth (2017 - 2018): Italy, $191M

Between 2017 and 2018, the exports of Footwear Parts grew the fastest in Vietnam ($146M), Italy ($116M), Romania ($78.4M), Chinese Taipei ($64.9M), and Croatia ($55.2M).

Between 2017 and 2018, the fastest growing importers of Footwear Parts were Italy ($191M), China ($108M), Germany ($82.6M), Croatia ($62.8M), and Indonesia ($55.5M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Footwear Parts are explained by 19 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $2.2B

TOP NET IMPORTER (2018): Germany, $303M

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

In 2018, the countries that had a largest trade value in exports than in imports of Footwear Parts were China ($2.2B), India ($299M), Albania ($129M), Chinese Taipei ($127M), and Brazil ($113M).

In 2018, the countries that had a largest trade value in imports than in exports of Footwear Parts were Germany ($303M), Vietnam ($283M), Russia ($235M), Italy ($235M), and Japan ($196M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Footwear Parts. 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 Footwear Parts was 15.2%.  The countries with the highest tariffs for importing Footwear Parts were Iran (96.8%), Cape Verde (30%), Bangladesh (24.9%), Syria (22.9%), and Zimbabwe (22.9%).

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.