HS Icon Handbags with outer surface plastics, textile materia

420222 (Harmonized System 1992 for 6-digit)

World Trade (2018): $11.8B, Rnk 253 / 4726

Top Exporter (2018): $5.88B, China

Top Importer (2018): $1.74B, United States

Product Complexity (2018): -0.52, Rnk 3409 / 4873

Export Growth (CAGR)(2017 - 2018): 24.7%, Rnk 1075 / 4726

Mean Tariff (2018): 18.6%, Rnk 697 / 6538

Share of World Trade (2018): 0.064%, Rnk 253 / 4726

Overview:  This page contains the latest trade data of Handbags with outer surface plastics, textile materia. In 2018, Handbags with outer surface plastics, textile materia were the world's 253rd most traded product, with a total trade of $11.8B. Between 2017 and 2018 the exports of Handbags with outer surface plastics, textile materia grew by 24.7%, from  $9.45B to $11.8B. Trade in Handbags with outer surface plastics, textile materia represent 0.064% of total world trade.

Exports: In 2018 the top exporters of Handbags with outer surface plastics, textile materia  were China ($5.88B), France ($1.71B), Italy ($1.01B), Spain ($330M), and Singapore ($319M).

Imports: In 2018 the top importers of Handbags with outer surface plastics, textile materia were United States ($1.74B), Japan ($784M), Hong Kong ($753M), Italy ($652M), and France ($638M).

Tariffs: In 2018 the average tariff for Handbags with outer surface plastics, textile materia was 18.6%, been the 697 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Handbags with outer surface plastics, textile materia are Iran (90%), Syria (46%), Egypt (45.5%), Bolivia (38.4%), and Sudan (35%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Bahamas (0%).

Ranking: Handbags with outer surface plastics, textile materia ranks 3409th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $5.88B

Top Destination (2018): United States, $1.74B

Handbags with outer surface plastics, textile materia are the world's 253rd most traded product.

In 2018, the top exporters of Handbags with outer surface plastics, textile materia were China ($5.88B), France ($1.71B), Italy ($1.01B), Spain ($330M), and Singapore ($319M).

In 2018, the top importers of Handbags with outer surface plastics, textile materia were United States ($1.74B), Japan ($784M), Hong Kong ($753M), Italy ($652M), and France ($638M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $740M

Top Destination Growth (2017 - 2018): Japan, $331M

Between 2017 and 2018, the exports of Handbags with outer surface plastics, textile materia grew the fastest in China ($740M), France ($430M), Italy ($205M), Netherlands ($161M), and Cambodia ($144M).

Between 2017 and 2018, the fastest growing importers of Handbags with outer surface plastics, textile materia were Japan ($331M), United States ($249M), Singapore ($213M), Germany ($152M), and Switzerland ($149M).

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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 Handbags with outer surface plastics, textile materia.

In 2018,  market concentration measured using Shannon Entropy, was 2.97. This means that most of the exports of Handbags with outer surface plastics, textile materia are explained by 7 countries.

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TOP NET EXPORTER (2018): China, $5.71B

TOP NET IMPORTER (2018): United States, $1.6B

This map shows which countries export or import more of Handbags with outer surface plastics, textile materia. Each country is colored based on the difference in exports and imports of Handbags with outer surface plastics, textile materia during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Handbags with outer surface plastics, textile materia were China ($5.71B), France ($1.07B), Italy ($358M), Cambodia ($277M), and India ($111M).

In 2018, the countries that had a largest trade value in imports than in exports of Handbags with outer surface plastics, textile materia were United States ($1.6B), Japan ($756M), Hong Kong ($645M), United Kingdom ($511M), and Germany ($420M).

Trade Forecasts

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This section shows forecasts for total trade for Handbags with outer surface plastics, textile materia. 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 Handbags with outer surface plastics, textile materia was 18.6%.  The countries with the highest tariffs for importing Handbags with outer surface plastics, textile materia were Iran (90%), Syria (46%), Egypt (45.5%), Bolivia (38.4%), and Sudan (35%).

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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.