HS Icon Artificial Filament Tow

5502 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Artificial Filament Tow. In 2019, Artificial Filament Tow were the world's 747th most traded product, with a total trade of $1.85B. Between 2018 and 2019 the exports of Artificial Filament Tow decreased by -17%, from $2.22B to $1.85B. Trade in Artificial Filament Tow represent 0.01% of total world trade.

Exports In 2019 the top exporters of Artificial Filament Tow  were United States ($589M), Japan ($400M), Belgium ($214M), Germany ($203M), and China ($120M).

Imports In 2019 the top importers of Artificial Filament Tow were Indonesia ($182M), Nigeria ($149M), Netherlands ($98.5M), Turkey ($94.8M), and United Arab Emirates ($91.4M).

Tariffs In 2018 the average tariff for Artificial Filament Tow was 4.43%, making it the 922nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Artificial Filament Tow are Bahamas (40.2%), Bangladesh (24.5%), Cuba (14.6%), Maldives (14.6%), and Romania (12.9%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking Artificial Filament Tow ranks 153rd in the Product Complexity Index (PCI).

Description Artificial filament tow is a type of polyester that is used for making carpets, upholstery, and other textiles.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $589M

Top Destination (2019): Indonesia, $182M

Artificial Filament Tow are the world's 747th most traded product.

In 2019, the top exporters of Artificial Filament Tow were United States ($589M), Japan ($400M), Belgium ($214M), Germany ($203M), and China ($120M).

In 2019, the top importers of Artificial Filament Tow were Indonesia ($182M), Nigeria ($149M), Netherlands ($98.5M), Turkey ($94.8M), and United Arab Emirates ($91.4M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $15.6M

Top Destination Growth (2018 - 2019): Mexico, $16.7M

Between 2018 and 2019, the exports of Artificial Filament Tow grew the fastest in China ($15.6M), Belgium ($15.3M), South Korea ($10.7M), United Arab Emirates ($3.78M), and South Africa ($1.68M).

Between 2018 and 2019, the fastest growing importers of Artificial Filament Tow were Mexico ($16.7M), Belgium ($12.8M), Armenia ($11.2M), Nigeria ($11.2M), and Belarus ($6.78M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Artificial Filament Tow.

In 2019,  market concentration measured using Shannon Entropy, was 3. This means that most of the exports of Artificial Filament Tow are explained by 8 countries.

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TOP NET EXPORTER (2019): United States, $585M

TOP NET IMPORTER (2019): Indonesia, $181M

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

In 2019, the countries that had a largest trade value in exports than in imports of Artificial Filament Tow were United States ($585M), Japan ($398M), Germany ($151M), Belgium ($141M), and China ($64.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Artificial Filament Tow were Indonesia ($181M), Nigeria ($149M), Turkey ($92.2M), Vietnam ($79.1M), and United Arab Emirates ($77.8M).

Disaggregation

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Value

In 2019, the world most traded Artificial Filament Tow, disaggragated by their HS6 level were Artificial filament tow ($1.85B)

Import Tariffs

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In 2018, the average tariff for importing Artificial Filament Tow was 4.43%. The countries with the highest tariffs for importing Artificial Filament Tow were Bahamas (40.2%), Bangladesh (24.5%), Cuba (14.6%), Maldives (14.6%), and Romania (12.9%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Artificial Filament Tow to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.