HS Icon Artificial Fibers Waste

5505 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $229M, Rnk 1127 / 1217

2019
Top Exporter | Top Importer
: $33.3M | $44.3M, Belgium | Germany

2018 - 2019
Export Growth (CAGR)
: -9.35%, Rnk 943 / 1217

2018
Mean Tariff
: 6.09%, Rnk 692 / 1259

 2019
Share of World Trade
: 0.0013%, Rnk 1127 / 1217

Overview:  This page contains the latest trade data of Artificial Fibers Waste. In 2019, Artificial Fibers Waste were the world's 1127th most traded product, with a total trade of $229M. Between 2018 and 2019 the exports of Artificial Fibers Waste decreased by -9.35%, from  $252M to $229M. Trade in Artificial Fibers Waste represent 0.0013% of total world trade.

Exports: In 2019 the top exporters of Artificial Fibers Waste  were Belgium ($33.3M), United States ($31.2M), Japan ($14.7M), Germany ($14.1M), and Turkey ($11.3M).

Imports: In 2019 the top importers of Artificial Fibers Waste were Germany ($44.3M), Italy ($26.5M), South Korea ($13.2M), India ($13.2M), and Belgium ($12.3M).

Tariffs: In 2018 the average tariff for Artificial Fibers Waste was 6.09%, making it the 692nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Artificial Fibers Waste are Bahamas (40.2%), Iran (30%), Cuba (14.7%), Maldives (14.6%), and Paraguay (13.5%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Description: Common uses of waste man-made staple fibres are paper, insulation, and carpeting.

Exporters and Importers

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Trade By Country

Top Origin (2019): Belgium, $33.3M

Top Destination (2019): Germany, $44.3M

Artificial Fibers Waste are the world's 1127th most traded product.

In 2019, the top exporters of Artificial Fibers Waste were Belgium ($33.3M), United States ($31.2M), Japan ($14.7M), Germany ($14.1M), and Turkey ($11.3M).

In 2019, the top importers of Artificial Fibers Waste were Germany ($44.3M), Italy ($26.5M), South Korea ($13.2M), India ($13.2M), and Belgium ($12.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Bulgaria, $4.05M

Top Destination Growth (2018 - 2019): Bulgaria, $3.79M

Between 2018 and 2019, the exports of Artificial Fibers Waste grew the fastest in Bulgaria ($4.05M), Greece ($3.03M), Malaysia ($2M), Italy ($1.99M), and Israel ($1.12M).

Between 2018 and 2019, the fastest growing importers of Artificial Fibers Waste were Bulgaria ($3.79M), Greece ($3.32M), France ($2.69M), Thailand ($1.73M), and Italy ($1.73M).

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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 Artificial Fibers Waste.

In 2019,  market concentration measured using Shannon Entropy, was 4.78. This means that most of the exports of Artificial Fibers Waste are explained by 27 countries.

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TOP NET EXPORTER (2019): United States, $22.7M

TOP NET IMPORTER (2019): Germany, $30.2M

This map shows which countries export or import more of Artificial Fibers Waste. Each country is colored based on the difference in exports and imports of Artificial Fibers Waste during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Artificial Fibers Waste were United States ($22.7M), Belgium ($21M), Japan ($11.6M), Austria ($8.04M), and United Kingdom ($4.76M).

In 2019, the countries that had a largest trade value in imports than in exports of Artificial Fibers Waste were Germany ($30.2M), Italy ($19.3M), India ($10.2M), South Korea ($10.2M), and Netherlands ($5.35M).

Disaggregation

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Value

In 2019, the world most traded Artificial Fibers Waste, disaggragated by their HS6 level were Waste of synthetic fibres ($210M) and Waste of artificial fibres ($18.4M)

Import Tariffs

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In 2018, the average tariff for importing Artificial Fibers Waste was 6.09%.  The countries with the highest tariffs for importing Artificial Fibers Waste were Bahamas (40.2%), Iran (30%), Cuba (14.7%), Maldives (14.6%), and Paraguay (13.5%).

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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.