HS Icon Furskin Apparel

4303 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.99B, Rnk 735 / 1225

Top Exporter (2018): $865M, China

Top Importer (2018): $261M, Russia

Product Complexity (2018): -0.4, Rnk 667 / 1018

Export Growth (CAGR)(2017 - 2018): 17.8%, Rnk 397 / 1225

Mean Tariff (2018): 18.7%, Rnk 130 / 1259

Share of World Trade (2018): 0.011%, Rnk 735 / 1225

Overview:  This page contains the latest trade data of Furskin Apparel. In 2018, Furskin Apparel were the world's 735th most traded product, with a total trade of $1.99B. Between 2017 and 2018 the exports of Furskin Apparel grew by 17.8%, from  $1.69B to $1.99B. Trade in Furskin Apparel represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Furskin Apparel  were China ($865M), Italy ($389M), Greece ($134M), France ($118M), and Turkey ($116M).

Imports: In 2018 the top importers of Furskin Apparel were Russia ($261M), Hong Kong ($226M), United States ($168M), Vietnam ($135M), and South Korea ($122M).

Tariffs: In 2018 the average tariff for Furskin Apparel was 18.7%, been the 130 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Furskin Apparel are Iran (77.5%), Syria (73.5%), Cape Verde (50%), Angola (50%), and Turkmenistan (46.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Singapore (0%), Switzerland (0%), and Norway (0%).

Ranking: Furskin Apparel ranks 667th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $865M

Top Destination (2018): Russia, $261M

Furskin Apparel are the world's 735th most traded product.

In 2018, the top exporters of Furskin Apparel were China ($865M), Italy ($389M), Greece ($134M), France ($118M), and Turkey ($116M).

In 2018, the top importers of Furskin Apparel were Russia ($261M), Hong Kong ($226M), United States ($168M), Vietnam ($135M), and South Korea ($122M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $135M

Top Destination Growth (2017 - 2018): Hong Kong, $61M

Between 2017 and 2018, the exports of Furskin Apparel grew the fastest in China ($135M), France ($26.6M), Greece ($17.6M), Italy ($12.8M), and United Kingdom ($12.7M).

Between 2017 and 2018, the fastest growing importers of Furskin Apparel were Hong Kong ($61M), United States ($39.1M), Kazakhstan ($36.3M), Kyrgyzstan ($35.7M), and Italy ($26.1M).

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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 Furskin Apparel.

In 2018,  market concentration measured using Shannon Entropy, was 3.09. This means that most of the exports of Furskin Apparel are explained by 8 countries.

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TOP NET EXPORTER (2018): China, $816M

TOP NET IMPORTER (2018): Russia, $254M

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

In 2018, the countries that had a largest trade value in exports than in imports of Furskin Apparel were China ($816M), Italy ($273M), Greece ($115M), Turkey ($111M), and India ($11.4M).

In 2018, the countries that had a largest trade value in imports than in exports of Furskin Apparel were Russia ($254M), Hong Kong ($197M), United States ($150M), Vietnam ($123M), and South Korea ($103M).

Trade Forecasts

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This section shows forecasts for total trade for Furskin 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 Furskin Apparel was 18.7%.  The countries with the highest tariffs for importing Furskin Apparel were Iran (77.5%), Syria (73.5%), Cape Verde (50%), Angola (50%), and Turkmenistan (46.7%).

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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.