HS Icon Textile Fiber Machinery

8445 (Harmonized System 1992 for 4-digit)

World Trade (2018): $4.63B, Rnk 528 / 1225

Top Exporter (2018): $1.11B, Germany

Top Importer (2018): $1.08B, China

Product Complexity (2018): 1.59, Rnk 35 / 1018

Export Growth (CAGR)(2017 - 2018): 25.2%, Rnk 229 / 1225

Mean Tariff (2018): 3.91%, Rnk 1013 / 1259

Share of World Trade (2018): 0.025%, Rnk 528 / 1225

Overview:  This page contains the latest trade data of Textile Fiber Machinery. In 2018, Textile Fiber Machinery were the world's 528th most traded product, with a total trade of $4.63B. Between 2017 and 2018 the exports of Textile Fiber Machinery grew by 25.2%, from  $3.7B to $4.63B. Trade in Textile Fiber Machinery represent 0.025% of total world trade.

Exports: In 2018 the top exporters of Textile Fiber Machinery  were Germany ($1.11B), Japan ($786M), China ($608M), Italy ($440M), and India ($343M).

Imports: In 2018 the top importers of Textile Fiber Machinery were China ($1.08B), Turkey ($597M), Uzbekistan ($389M), Vietnam ($358M), and India ($317M).

Tariffs: In 2018 the average tariff for Textile Fiber Machinery was 3.91%, been the 1013 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Textile Fiber Machinery are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.9%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Textile Fiber Machinery ranks 35th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Germany, $1.11B

Top Destination (2018): China, $1.08B

Textile Fiber Machinery are the world's 528th most traded product.

In 2018, the top exporters of Textile Fiber Machinery were Germany ($1.11B), Japan ($786M), China ($608M), Italy ($440M), and India ($343M).

In 2018, the top importers of Textile Fiber Machinery were China ($1.08B), Turkey ($597M), Uzbekistan ($389M), Vietnam ($358M), and India ($317M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): China, $142M

Top Destination Growth (2017 - 2018): Uzbekistan, $247M

Between 2017 and 2018, the exports of Textile Fiber Machinery grew the fastest in China ($142M), Latvia ($112M), India ($103M), Japan ($101M), and Germany ($94.7M).

Between 2017 and 2018, the fastest growing importers of Textile Fiber Machinery were Uzbekistan ($247M), Turkey ($207M), Vietnam ($196M), China ($160M), and Netherlands ($99.2M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Textile Fiber Machinery.

In 2018,  market concentration measured using Shannon Entropy, was 3.51. This means that most of the exports of Textile Fiber Machinery are explained by 11 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Germany, $1.06B

TOP NET IMPORTER (2018): Turkey, $565M

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

In 2018, the countries that had a largest trade value in exports than in imports of Textile Fiber Machinery were Germany ($1.06B), Japan ($765M), Italy ($400M), Switzerland ($303M), and Czechia ($131M).

In 2018, the countries that had a largest trade value in imports than in exports of Textile Fiber Machinery were Turkey ($565M), China ($474M), Uzbekistan ($389M), Vietnam ($358M), and Bangladesh ($234M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Textile Fiber Machinery. 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 Fiber Machinery was 3.91%.  The countries with the highest tariffs for importing Textile Fiber Machinery were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.9%).

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.