HS Icon Felt Carpets

5704 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Felt Carpets. In 2019, Felt Carpets were the world's 975th most traded product, with a total trade of $688M. Between 2018 and 2019 the exports of Felt Carpets decreased by -12.7%, from $788M to $688M. Trade in Felt Carpets represent 0.0038% of total world trade.

Exports In 2019 the top exporters of Felt Carpets  were Belgium ($136M), Netherlands ($136M), Switzerland ($53.1M), Germany ($51.6M), and China ($47.3M).

Imports In 2019 the top importers of Felt Carpets were Germany ($143M), United States ($53.7M), United Kingdom ($44.2M), France ($39.9M), and Czechia ($35.3M).

Tariffs In 2018 the average tariff for Felt Carpets was 18.2%, making it the 137th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Felt Carpets are Syria (73.5%), Iran (50%), Cape Verde (50%), Egypt (45%), and Bahamas (41.3%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Description Felt carpets are made from felt, which is a material made from wool, cotton, or synthetic fibers. Felt carpets are used to make furniture and other household items. Felt carpets can also be used in the production of clothing and automobile upholstery.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Belgium, $136M

Top Destination (2019): Germany, $143M

Felt Carpets are the world's 975th most traded product.

In 2019, the top exporters of Felt Carpets were Belgium ($136M), Netherlands ($136M), Switzerland ($53.1M), Germany ($51.6M), and China ($47.3M).

In 2019, the top importers of Felt Carpets were Germany ($143M), United States ($53.7M), United Kingdom ($44.2M), France ($39.9M), and Czechia ($35.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Kingdom, $10.7M

Top Destination Growth (2018 - 2019): Ghana, $7.43M

Between 2018 and 2019, the exports of Felt Carpets grew the fastest in United Kingdom ($10.7M), Mexico ($3.86M), Egypt ($3.37M), India ($2.27M), and Vietnam ($1.64M).

Between 2018 and 2019, the fastest growing importers of Felt Carpets were Ghana ($7.43M), Canada ($2.85M), Saudi Arabia ($2.34M), Egypt ($1.38M), and Slovakia ($1.23M).

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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 Felt Carpets.

In 2019,  market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Felt Carpets are explained by 15 countries.

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TOP NET EXPORTER (2019): Belgium, $118M

TOP NET IMPORTER (2019): Germany, $91.3M

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

In 2019, the countries that had a largest trade value in exports than in imports of Felt Carpets were Belgium ($118M), Netherlands ($116M), China ($45.5M), Switzerland ($42.7M), and Italy ($27.2M).

In 2019, the countries that had a largest trade value in imports than in exports of Felt Carpets were Germany ($91.3M), Czechia ($25.5M), United States ($25.3M), Japan ($20.9M), and Canada ($19.2M).

Disaggregation

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Value

In 2019, the world most traded Felt Carpets, disaggragated by their HS6 level were Carpets of felt of textile materials,... ($641M) and Tiles of felt of textile materials,... ($46.7M)

Import Tariffs

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In 2018, the average tariff for importing Felt Carpets was 18.2%. The countries with the highest tariffs for importing Felt Carpets were Syria (73.5%), Iran (50%), Cape Verde (50%), Egypt (45%), and Bahamas (41.3%).

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