HS Icon Sewing Machines

8452 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.02B, Rnk 453 / 1225

Top Exporter (2018): $1.87B, China

Top Importer (2018): $529M, Vietnam

Product Complexity (2018): 0.9, Rnk 204 / 1018

Export Growth (CAGR)(2017 - 2018): 16.7%, Rnk 446 / 1225

Mean Tariff (2018): 6.42%, Rnk 659 / 1259

Share of World Trade (2018): 0.033%, Rnk 453 / 1225

Overview:  This page contains the latest trade data of Sewing Machines. In 2018, Sewing Machines were the world's 453rd most traded product, with a total trade of $6.02B. Between 2017 and 2018 the exports of Sewing Machines grew by 16.7%, from  $5.16B to $6.02B. Trade in Sewing Machines represent 0.033% of total world trade.

Exports: In 2018 the top exporters of Sewing Machines  were China ($1.87B), Vietnam ($724M), Japan ($573M), Germany ($468M), and Singapore ($448M).

Imports: In 2018 the top importers of Sewing Machines were Vietnam ($529M), United States ($500M), Germany ($390M), Singapore ($357M), and Bangladesh ($283M).

Tariffs: In 2018 the average tariff for Sewing Machines was 6.42%, been the 659 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Sewing Machines are Bermuda (25%), Iran (20.3%), Maldives (19.6%), Gabon (16.3%), and Chad (16.3%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking: Sewing Machines ranks 204th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.87B

Top Destination (2018): Vietnam, $529M

Sewing Machines are the world's 453rd most traded product.

In 2018, the top exporters of Sewing Machines were China ($1.87B), Vietnam ($724M), Japan ($573M), Germany ($468M), and Singapore ($448M).

In 2018, the top importers of Sewing Machines were Vietnam ($529M), United States ($500M), Germany ($390M), Singapore ($357M), and Bangladesh ($283M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Singapore, $209M

Top Destination Growth (2017 - 2018): Vietnam, $151M

Between 2017 and 2018, the exports of Sewing Machines grew the fastest in Singapore ($209M), Vietnam ($164M), China ($92.7M), Chinese Taipei ($89.8M), and United States ($82.7M).

Between 2017 and 2018, the fastest growing importers of Sewing Machines were Vietnam ($151M), United States ($82.8M), Indonesia ($80.6M), Poland ($79.9M), and Bangladesh ($66.6M).

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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 Sewing Machines.

In 2018,  market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Sewing Machines are explained by 12 countries.

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TOP NET EXPORTER (2018): China, $1.62B

TOP NET IMPORTER (2018): United States, $327M

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

In 2018, the countries that had a largest trade value in exports than in imports of Sewing Machines were China ($1.62B), Chinese Taipei ($364M), Japan ($358M), Vietnam ($195M), and Czechia ($97.2M).

In 2018, the countries that had a largest trade value in imports than in exports of Sewing Machines were United States ($327M), Bangladesh ($280M), Indonesia ($189M), India ($167M), and Mexico ($132M).

Trade Forecasts

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This section shows forecasts for total trade for Sewing 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 Sewing Machines was 6.42%.  The countries with the highest tariffs for importing Sewing Machines were Bermuda (25%), Iran (20.3%), Maldives (19.6%), Gabon (16.3%), and Chad (16.3%).

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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.