HS Icon Textile Processing Machines

8451 (Harmonized System 1992 for 4-digit)

World Trade (2018): $9.02B, Rnk 349 / 1225

Top Exporter (2018): $1.16B, China

Top Importer (2018): $1.64B, United States

Product Complexity (2018): 1.33, Rnk 77 / 1018

Export Growth (CAGR)(2017 - 2018): 8.97%, Rnk 819 / 1225

Mean Tariff (2018): 5.1%, Rnk 809 / 1259

Share of World Trade (2018): 0.049%, Rnk 349 / 1225

Overview:  This page contains the latest trade data of Textile Processing Machines. In 2018, Textile Processing Machines were the world's 349th most traded product, with a total trade of $9.02B. Between 2017 and 2018 the exports of Textile Processing Machines grew by 8.97%, from  $8.28B to $9.02B. Trade in Textile Processing Machines represent 0.049% of total world trade.

Exports: In 2018 the top exporters of Textile Processing Machines  were China ($1.16B), Germany ($1.13B), Mexico ($884M), Poland ($881M), and Italy ($804M).

Imports: In 2018 the top importers of Textile Processing Machines were United States ($1.64B), Germany ($780M), China ($487M), Vietnam ($327M), and Bangladesh ($324M).

Tariffs: In 2018 the average tariff for Textile Processing Machines was 5.1%, been the 809 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Textile Processing Machines are Bahamas (29.4%), Bermuda (25%), Sudan (24.5%), Maldives (19.6%), and Cambodia (15%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Textile Processing Machines ranks 77th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.16B

Top Destination (2018): United States, $1.64B

Textile Processing Machines are the world's 349th most traded product.

In 2018, the top exporters of Textile Processing Machines were China ($1.16B), Germany ($1.13B), Mexico ($884M), Poland ($881M), and Italy ($804M).

In 2018, the top importers of Textile Processing Machines were United States ($1.64B), Germany ($780M), China ($487M), Vietnam ($327M), and Bangladesh ($324M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $288M

Top Destination Growth (2017 - 2018): South Korea, $146M

Between 2017 and 2018, the exports of Textile Processing Machines grew the fastest in China ($288M), Germany ($144M), Poland ($95.1M), Turkey ($91.1M), and Chinese Taipei ($73.4M).

Between 2017 and 2018, the fastest growing importers of Textile Processing Machines were South Korea ($146M), Vietnam ($107M), Germany ($82.1M), Uzbekistan ($48.3M), and Italy ($44.7M).

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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 Textile Processing Machines.

In 2018,  market concentration measured using Shannon Entropy, was 4.17. This means that most of the exports of Textile Processing Machines are explained by 17 countries.

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TOP NET EXPORTER (2018): Poland, $752M

TOP NET IMPORTER (2018): United States, $1.2B

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

In 2018, the countries that had a largest trade value in exports than in imports of Textile Processing Machines were Poland ($752M), Mexico ($705M), China ($672M), Italy ($528M), and South Korea ($502M).

In 2018, the countries that had a largest trade value in imports than in exports of Textile Processing Machines were United States ($1.2B), Bangladesh ($324M), Vietnam ($318M), Canada ($266M), and United Kingdom ($153M).

Trade Forecasts

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This section shows forecasts for total trade for Textile Processing Machines. 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 Textile Processing Machines was 5.1%.  The countries with the highest tariffs for importing Textile Processing Machines were Bahamas (29.4%), Bermuda (25%), Sudan (24.5%), Maldives (19.6%), and Cambodia (15%).

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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.