HS Icon Looms

8446 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.25B, Rnk 708 / 1225

Top Exporter (2018): $690M, Belgium-Luxembourg

Top Importer (2018): $481M, China

Product Complexity (2018): 0.69, Rnk 286 / 1018

Export Growth (CAGR)(2017 - 2018): 17.1%, Rnk 418 / 1225

Mean Tariff (2018): 4.23%, Rnk 949 / 1259

Share of World Trade (2018): 0.012%, Rnk 708 / 1225

Overview:  This page contains the latest trade data of Looms. In 2018, Looms were the world's 708th most traded product, with a total trade of $2.25B. Between 2017 and 2018 the exports of Looms grew by 17.1%, from  $1.92B to $2.25B. Trade in Looms represent 0.012% of total world trade.

Exports: In 2018 the top exporters of Looms  were Belgium-Luxembourg ($690M), Japan ($533M), China ($351M), Italy ($198M), and Germany ($159M).

Imports: In 2018 the top importers of Looms were China ($481M), India ($440M), Turkey ($304M), Vietnam ($95.8M), and Bangladesh ($81.7M).

Tariffs: In 2018 the average tariff for Looms was 4.23%, been the 949 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Looms 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: Looms ranks 286th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Belgium-Luxembourg, $690M

Top Destination (2018): China, $481M

Looms are the world's 708th most traded product.

In 2018, the top exporters of Looms were Belgium-Luxembourg ($690M), Japan ($533M), China ($351M), Italy ($198M), and Germany ($159M).

In 2018, the top importers of Looms were China ($481M), India ($440M), Turkey ($304M), Vietnam ($95.8M), and Bangladesh ($81.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $132M

Top Destination Growth (2017 - 2018): China, $107M

Between 2017 and 2018, the exports of Looms grew the fastest in Belgium-Luxembourg ($132M), Japan ($103M), China ($36.5M), India ($26.3M), and Chinese Taipei ($16.1M).

Between 2017 and 2018, the fastest growing importers of Looms were China ($107M), Uzbekistan ($63.1M), Turkey ($57.9M), Vietnam ($36.6M), and Iran ($30.9M).

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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 Looms.

In 2018,  market concentration measured using Shannon Entropy, was 3.01. This means that most of the exports of Looms are explained by 8 countries.

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TOP NET EXPORTER (2018): Belgium-Luxembourg, $685M

TOP NET IMPORTER (2018): India, $396M

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

In 2018, the countries that had a largest trade value in exports than in imports of Looms were Belgium-Luxembourg ($685M), Japan ($521M), Italy ($167M), Germany ($148M), and Switzerland ($68.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Looms were India ($396M), Turkey ($282M), China ($129M), Vietnam ($95.2M), and Indonesia ($75.7M).

Trade Forecasts

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This section shows forecasts for total trade for Looms. 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 Looms was 4.23%.  The countries with the highest tariffs for importing Looms were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.9%).

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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.