HS Icon Leather Apparel

4203 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.6B, Rnk 398 / 1225

Top Exporter (2018): $1.45B, China

Top Importer (2018): $1.37B, United States

Product Complexity (2018): -1.01, Rnk 824 / 1018

Export Growth (CAGR)(2017 - 2018): 14.8%, Rnk 531 / 1225

Mean Tariff (2018): 16.1%, Rnk 165 / 1259

Share of World Trade (2018): 0.041%, Rnk 398 / 1225

Overview:  This page contains the latest trade data of Leather Apparel. In 2018, Leather Apparel were the world's 398th most traded product, with a total trade of $7.6B. Between 2017 and 2018 the exports of Leather Apparel grew by 14.8%, from  $6.62B to $7.6B. Trade in Leather Apparel represent 0.041% of total world trade.

Exports: In 2018 the top exporters of Leather Apparel  were China ($1.45B), Italy ($1.25B), India ($920M), Pakistan ($624M), and France ($591M).

Imports: In 2018 the top importers of Leather Apparel were United States ($1.37B), Germany ($776M), France ($548M), United Kingdom ($412M), and Hong Kong ($382M).

Tariffs: In 2018 the average tariff for Leather Apparel was 16.1%, been the 165 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Leather Apparel are Syria (65.9%), Iran (63%), Cambodia (35%), Ethiopia (34.7%), and Sudan (31.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Leather Apparel ranks 824th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.45B

Top Destination (2018): United States, $1.37B

Leather Apparel are the world's 398th most traded product.

In 2018, the top exporters of Leather Apparel were China ($1.45B), Italy ($1.25B), India ($920M), Pakistan ($624M), and France ($591M).

In 2018, the top importers of Leather Apparel were United States ($1.37B), Germany ($776M), France ($548M), United Kingdom ($412M), and Hong Kong ($382M).

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Market Dynamics

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Trade by country

Value

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

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

Between 2017 and 2018, the exports of Leather Apparel grew the fastest in Pakistan ($184M), France ($181M), Italy ($155M), Germany ($95.6M), and Netherlands ($69M).

Between 2017 and 2018, the fastest growing importers of Leather Apparel were United States ($331M), Switzerland ($137M), Germany ($103M), United Kingdom ($72.1M), and Poland ($54.4M).

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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 Leather Apparel.

In 2018,  market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Leather Apparel are explained by 17 countries.

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TOP NET EXPORTER (2018): China, $1.27B

TOP NET IMPORTER (2018): United States, $1.27B

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

In 2018, the countries that had a largest trade value in exports than in imports of Leather Apparel were China ($1.27B), India ($895M), Italy ($878M), Pakistan ($621M), and Vietnam ($142M).

In 2018, the countries that had a largest trade value in imports than in exports of Leather Apparel were United States ($1.27B), Germany ($359M), Japan ($323M), Hong Kong ($297M), and United Kingdom ($265M).

Trade Forecasts

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This section shows forecasts for total trade for Leather Apparel. 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 Leather Apparel was 16.1%.  The countries with the highest tariffs for importing Leather Apparel were Syria (65.9%), Iran (63%), Cambodia (35%), Ethiopia (34.7%), and Sudan (31.7%).

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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.