HS Icon Flax Yarn

5306 (Harmonized System 1992 for 4-digit)

World Trade (2018): $455M, Rnk 1048 / 1225

Top Exporter (2018): $265M, China

Top Importer (2018): $94M, Italy

Export Growth (CAGR)(2017 - 2018): 22.4%, Rnk 280 / 1225

Mean Tariff (2018): 5.14%, Rnk 803 / 1259

Share of World Trade (2018): 0.0025%, Rnk 1048 / 1225

Overview:  This page contains the latest trade data of Flax Yarn. In 2018, Flax Yarn were the world's 1048th most traded product, with a total trade of $455M. Between 2017 and 2018 the exports of Flax Yarn grew by 22.4%, from  $372M to $455M. Trade in Flax Yarn represent 0.0025% of total world trade.

Exports: In 2018 the top exporters of Flax Yarn  were China ($265M), Italy ($48M), Poland ($28.9M), Lithuania ($21.4M), and Tunisia ($20.6M).

Imports: In 2018 the top importers of Flax Yarn were Italy ($94M), India ($83.1M), South Korea ($39.9M), Turkey ($33.7M), and Portugal ($32.8M).

Tariffs: In 2018 the average tariff for Flax Yarn was 5.14%, been the 803 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Flax Yarn are Bahamas (40.2%), Bangladesh (24.5%), Sudan (21.9%), Ethiopia (19.8%), and Poland (17.7%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritius (0%), South Africa (0%), and Hong Kong (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $265M

Top Destination (2018): Italy, $94M

Flax Yarn are the world's 1048th most traded product.

In 2018, the top exporters of Flax Yarn were China ($265M), Italy ($48M), Poland ($28.9M), Lithuania ($21.4M), and Tunisia ($20.6M).

In 2018, the top importers of Flax Yarn were Italy ($94M), India ($83.1M), South Korea ($39.9M), Turkey ($33.7M), and Portugal ($32.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $53.9M

Top Destination Growth (2017 - 2018): Italy, $19.8M

Between 2017 and 2018, the exports of Flax Yarn grew the fastest in China ($53.9M), Italy ($13.1M), Poland ($4.44M), Lithuania ($4.25M), and Tunisia ($2.85M).

Between 2017 and 2018, the fastest growing importers of Flax Yarn were Italy ($19.8M), India ($14.7M), Turkey ($13.5M), South Korea ($7.56M), and Portugal ($7.21M).

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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 Flax Yarn.

In 2018,  market concentration measured using Shannon Entropy, was 2.49. This means that most of the exports of Flax Yarn are explained by 5 countries.

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TOP NET EXPORTER (2018): China, $257M

TOP NET IMPORTER (2018): India, $80.1M

This map shows which countries export or import more of Flax Yarn. Each country is colored based on the difference in exports and imports of Flax Yarn during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Flax Yarn were China ($257M), Poland ($24.8M), Tunisia ($20M), Lithuania ($9.9M), and Egypt ($7.13M).

In 2018, the countries that had a largest trade value in imports than in exports of Flax Yarn were India ($80.1M), Italy ($45.9M), South Korea ($39.4M), Turkey ($33.3M), and Portugal ($29.4M).

Trade Forecasts

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This section shows forecasts for total trade for Flax Yarn. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Flax Yarn was 5.14%.  The countries with the highest tariffs for importing Flax Yarn were Bahamas (40.2%), Bangladesh (24.5%), Sudan (21.9%), Ethiopia (19.8%), and Poland (17.7%).

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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.