HS Icon Artificial Monofilament

5405 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Artificial Monofilament. In 2019, Artificial Monofilament were the world's 1209th most traded product, with a total trade of $17.6M. Between 2018 and 2019 the exports of Artificial Monofilament decreased by -10.6%, from $19.7M to $17.6M. Trade in Artificial Monofilament represent 0.000097% of total world trade.

Exports: In 2019 the top exporters of Artificial Monofilament  were Japan ($3.92M), China ($3.74M), Singapore ($2.22M), Italy ($916k), and Turkey ($775k).

Imports: In 2019 the top importers of Artificial Monofilament were Saudi Arabia ($3.75M), United States ($3.03M), China ($1.09M), United Arab Emirates ($915k), and Spain ($863k).

Tariffs: In 2018 the average tariff for Artificial Monofilament was 5.56%, making it the 742nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Artificial Monofilament are Bangladesh (24.5%), Bahamas (24.5%), Ethiopia (19.8%), Argentina (17.3%), and Venezuela (17.3%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Lebanon (0%).

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Japan, $3.92M

Top Destination (2019): Saudi Arabia, $3.75M

Artificial Monofilament are the world's 1209th most traded product.

In 2019, the top exporters of Artificial Monofilament were Japan ($3.92M), China ($3.74M), Singapore ($2.22M), Italy ($916k), and Turkey ($775k).

In 2019, the top importers of Artificial Monofilament were Saudi Arabia ($3.75M), United States ($3.03M), China ($1.09M), United Arab Emirates ($915k), and Spain ($863k).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Turkey, $685k

Top Destination Growth (2018 - 2019): United Arab Emirates, $711k

Between 2018 and 2019, the exports of Artificial Monofilament grew the fastest in Turkey ($685k), Chinese Taipei ($245k), United Kingdom ($238k), India ($164k), and Singapore ($161k).

Between 2018 and 2019, the fastest growing importers of Artificial Monofilament were United Arab Emirates ($711k), Iran ($467k), Germany ($362k), Netherlands ($346k), and China ($237k).

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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 Monofilament.

In 2019,  market concentration measured using Shannon Entropy, was 3.73. This means that most of the exports of Artificial Monofilament are explained by 13 countries.

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TOP NET EXPORTER (2019): Japan, $3.73M

TOP NET IMPORTER (2019): Saudi Arabia, $3.73M

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

In 2019, the countries that had a largest trade value in exports than in imports of Artificial Monofilament were Japan ($3.73M), China ($2.65M), Singapore ($2.17M), Turkey ($741k), and South Korea ($676k).

In 2019, the countries that had a largest trade value in imports than in exports of Artificial Monofilament were Saudi Arabia ($3.73M), United States ($2.47M), United Arab Emirates ($794k), Spain ($749k), and Malaysia ($719k).

Disaggregation

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Value

In 2019, the world most traded Artificial Monofilament, disaggragated by their HS6 level were Artif monofilament >67dtex t<1mm, strip, straws... ($17.6M)

Import Tariffs

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In 2018, the average tariff for importing Artificial Monofilament was 5.56%. The countries with the highest tariffs for importing Artificial Monofilament were Bangladesh (24.5%), Bahamas (24.5%), Ethiopia (19.8%), Argentina (17.3%), and Venezuela (17.3%).

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 Monofilament to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.