HS Icon Monofilament

3916 (Harmonized System 1992 for 4-digit)

World Trade (2018): $5.88B, Rnk 459 / 1225

Top Exporter (2018): $1.84B, Germany

Top Importer (2018): $556M, United States

Product Complexity (2018): 0.35, Rnk 429 / 1018

Export Growth (CAGR)(2017 - 2018): 12.7%, Rnk 636 / 1225

Mean Tariff (2018): 7.2%, Rnk 608 / 1259

Share of World Trade (2018): 0.032%, Rnk 459 / 1225

Overview:  This page contains the latest trade data of Monofilament. In 2018, Monofilament were the world's 459th most traded product, with a total trade of $5.88B. Between 2017 and 2018 the exports of Monofilament grew by 12.7%, from  $5.22B to $5.88B. Trade in Monofilament represent 0.032% of total world trade.

Exports: In 2018 the top exporters of Monofilament  were Germany ($1.84B), China ($547M), United States ($445M), Canada ($343M), and Belgium-Luxembourg ($301M).

Imports: In 2018 the top importers of Monofilament were United States ($556M), Germany ($430M), France ($345M), Poland ($331M), and Canada ($257M).

Tariffs: In 2018 the average tariff for Monofilament was 7.2%, been the 608 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Monofilament are Bahamas (40.2%), Nepal (30%), Bermuda (25%), Sudan (21.9%), and Pakistan (19.7%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Monofilament ranks 429th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.84B

Top Destination (2018): United States, $556M

Monofilament are the world's 459th most traded product.

In 2018, the top exporters of Monofilament were Germany ($1.84B), China ($547M), United States ($445M), Canada ($343M), and Belgium-Luxembourg ($301M).

In 2018, the top importers of Monofilament were United States ($556M), Germany ($430M), France ($345M), Poland ($331M), and Canada ($257M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $184M

Top Destination Growth (2017 - 2018): Poland, $60.7M

Between 2017 and 2018, the exports of Monofilament grew the fastest in Germany ($184M), Poland ($62M), United States ($56.5M), China ($49M), and United Kingdom ($35.8M).

Between 2017 and 2018, the fastest growing importers of Monofilament were Poland ($60.7M), Canada ($57.2M), Germany ($54.8M), Croatia ($53.9M), and Belgium-Luxembourg ($41.5M).

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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 Monofilament.

In 2018,  market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Monofilament are explained by 17 countries.

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TOP NET EXPORTER (2018): Germany, $1.41B

TOP NET IMPORTER (2018): France, $246M

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

In 2018, the countries that had a largest trade value in exports than in imports of Monofilament were Germany ($1.41B), China ($397M), Turkey ($249M), Belgium-Luxembourg ($121M), and Canada ($86M).

In 2018, the countries that had a largest trade value in imports than in exports of Monofilament were France ($246M), Romania ($195M), United States ($112M), Czechia ($100M), and Serbia ($76.1M).

Trade Forecasts

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This section shows forecasts for total trade for Monofilament. 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 Monofilament was 7.2%.  The countries with the highest tariffs for importing Monofilament were Bahamas (40.2%), Nepal (30%), Bermuda (25%), Sudan (21.9%), and Pakistan (19.7%).

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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.