HS Icon Footwear and Headwear

XII (Harmonized System 1992 for Section)

World Trade (2018): $171B, Rnk 16 / 21

Top Exporter (2018): $62.7B, China

Top Importer (2018): $31.4B, United States

Product Complexity (2018): -0.018, Rnk 11 / 21

Export Growth (CAGR)(2017 - 2018): 10.9%, Rnk 13 / 21

Mean Tariff (2018): 17.8%, Rnk 3 / 21

Share of World Trade (2018): 0.93%, Rnk 16 / 21

Overview:  This page contains the latest trade data of Footwear and Headwear. In 2018, Footwear and Headwear were the world's 16th most traded product, with a total trade of $171B. Between 2017 and 2018 the exports of Footwear and Headwear grew by 10.9%, from  $154B to $171B. Trade in Footwear and Headwear represent 0.93% of total world trade.

Exports: In 2018 the top exporters of Footwear and Headwear  were China ($62.7B), Vietnam ($23.9B), Italy ($12.5B), Germany ($8.85B), and Indonesia ($6.43B).

Imports: In 2018 the top importers of Footwear and Headwear were United States ($31.4B), Germany ($15.6B), France ($10.2B), United Kingdom ($8.25B), and Italy ($7.87B).

Tariffs: In 2018 the average tariff for Footwear and Headwear was 17.8%, been the 3 lowest tariff using the Section product classification.

The countries with the highest import tariffs for Footwear and Headwear are Iran (75.9%), Syria (38.3%), Egypt (34.7%), Cape Verde (30.9%), and Sudan (30.5%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Norway (0%), and Mauritius (1.11%).

Ranking: Footwear and Headwear ranks 11th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $62.7B

Top Destination (2018): United States, $31.4B

Footwear and Headwear are the world's 16th most traded product.

In 2018, the top exporters of Footwear and Headwear were China ($62.7B), Vietnam ($23.9B), Italy ($12.5B), Germany ($8.85B), and Indonesia ($6.43B).

In 2018, the top importers of Footwear and Headwear were United States ($31.4B), Germany ($15.6B), France ($10.2B), United Kingdom ($8.25B), and Italy ($7.87B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Vietnam, $3.42B

Top Destination Growth (2017 - 2018): Germany, $2.39B

Between 2017 and 2018, the exports of Footwear and Headwear grew the fastest in Vietnam ($3.42B), Germany ($2.82B), Belgium-Luxembourg ($2.5B), France ($1.55B), and Italy ($1.42B).

Between 2017 and 2018, the fastest growing importers of Footwear and Headwear were Germany ($2.39B), Switzerland ($1.31B), France ($1.3B), Poland ($1.26B), and Italy ($1.13B).

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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 Footwear and Headwear.

In 2018,  market concentration measured using Shannon Entropy, was 3.84. This means that most of the exports of Footwear and Headwear are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $58.6B

TOP NET IMPORTER (2018): United States, $29.9B

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

In 2018, the countries that had a largest trade value in exports than in imports of Footwear and Headwear were China ($58.6B), Vietnam ($22.1B), Indonesia ($5.44B), Italy ($4.61B), and India ($2.29B).

In 2018, the countries that had a largest trade value in imports than in exports of Footwear and Headwear were United States ($29.9B), Germany ($6.73B), Japan ($5.93B), United Kingdom ($5.86B), and France ($5.79B).

Trade Forecasts

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This section shows forecasts for total trade for Footwear and Headwear. 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 Footwear and Headwear was 17.8%.  The countries with the highest tariffs for importing Footwear and Headwear were Iran (75.9%), Syria (38.3%), Egypt (34.7%), Cape Verde (30.9%), and Sudan (30.5%).

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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.