Overview This page contains the latest trade data of Basketwork. In 2019, Basketwork were the world's 738th most traded product, with a total trade of $1.94B. Between 2018 and 2019 the exports of Basketwork grew by 8.71%, from $1.79B to $1.94B. Trade in Basketwork represent 0.011% of total world trade.

Exports In 2019 the top exporters of Basketwork  were China ($990M), Vietnam ($271M), India ($118M), Indonesia ($90.6M), and Philippines ($46.5M).

Imports In 2019 the top importers of Basketwork were United States ($639M), Germany ($159M), United Kingdom ($127M), Netherlands ($114M), and Japan ($96.2M).

Tariffs In 2018 the average tariff for Basketwork was 15.4%, making it the 179th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Basketwork are Iran (55%), Bahamas (40.2%), Zimbabwe (36.5%), and Cambodia (35%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Australia (0%).

Ranking Basketwork ranks 896th in the Product Complexity Index (PCI).

Description Basketwork is made from plant fibers, such as straw or wicker. It is most often used to make containers for storage or to carry things. Wickerwork is also made from plant fibers, but it is crafted into furniture or other objects. Loofah articles are made from a type of fibrous plant that is typically used in bath sponges.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $990M

Top Destination (2019): United States, $639M

Basketwork are the world's 738th most traded product.

In 2019, the top exporters of Basketwork were China ($990M), Vietnam ($271M), India ($118M), Indonesia ($90.6M), and Philippines ($46.5M).

In 2019, the top importers of Basketwork were United States ($639M), Germany ($159M), United Kingdom ($127M), Netherlands ($114M), and Japan ($96.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $41.2M

Top Destination Growth (2018 - 2019): United States, $45.9M

Between 2018 and 2019, the exports of Basketwork grew the fastest in Vietnam ($41.2M), India ($40M), Indonesia ($14.9M), Italy ($10.1M), and United Arab Emirates ($8.68M).

Between 2018 and 2019, the fastest growing importers of Basketwork were United States ($45.9M), United Kingdom ($21.7M), France ($11.1M), Germany ($11.1M), and Spain ($9.4M).

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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 Basketwork.

In 2019,  market concentration measured using Shannon Entropy, was 3.02. This means that most of the exports of Basketwork are explained by 8 countries.

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TOP NET EXPORTER (2019): China, $975M

TOP NET IMPORTER (2019): United States, $630M

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

In 2019, the countries that had a largest trade value in exports than in imports of Basketwork were China ($975M), Vietnam ($269M), India ($112M), Indonesia ($88.8M), and Philippines ($43.9M).

In 2019, the countries that had a largest trade value in imports than in exports of Basketwork were United States ($630M), United Kingdom ($120M), Germany ($118M), Japan ($94.9M), and France ($82.8M).

Disaggregation

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Value

In 2019, the world most traded Basketwork, disaggragated by their HS6 level were Basketwork, wickerwork products of vegetable material ($1.41B) and Basketwork and wickerwork products, non-vegetable ($527M)

Import Tariffs

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In 2018, the average tariff for importing Basketwork was 15.4%. The countries with the highest tariffs for importing Basketwork were Iran (55%), Bahamas (40.2%), Zimbabwe (36.5%), and Cambodia (35%).

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