HS Icon Garments nes, of manmade fibres, knit

611430 (Harmonized System 1992 for 6-digit)

Overview:  This page contains the latest trade data of Garments nes, of manmade fibres, knit. In 2019, Garments nes, of manmade fibres, knit were the world's 773rd most traded product, with a total trade of $3.98B. Between 2018 and 2019 the exports of Garments nes, of manmade fibres, knit grew by 1.72%, from $3.91B to $3.98B. Trade in Garments nes, of manmade fibres, knit represent 0.022% of total world trade.

Exports: In 2019 the top exporters of Garments nes, of manmade fibres, knit  were China ($1.5B), Vietnam ($287M), Germany ($260M), Italy ($179M), and Spain ($165M).

Imports: In 2019 the top importers of Garments nes, of manmade fibres, knit were United States ($1.01B), Germany ($436M), United Kingdom ($227M), France ($214M), and Spain ($173M).

Tariffs: In 2018 the average tariff for Garments nes, of manmade fibres, knit was 24.1%, making it the 290th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Garments nes, of manmade fibres, knit are Iran (100%), Syria (73.5%), Bolivia (38.5%), South Africa (36.3%), and Finland (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Ranking: Garments nes, of manmade fibres, knit ranks 4600th in the Product Complexity Index (PCI).

Description: Garments are typically used to keep people warm, to protect the wearer from the elements, to protect the wearer from injury, and as a form of self-expression. Manmade fibres are typically used to make garments because they are cheap and last longer, and they can be dyed to any color.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $1.5B

Top Destination (2019): United States, $1.01B

Garments nes, of manmade fibres, knit are the world's 773rd most traded product.

In 2019, the top exporters of Garments nes, of manmade fibres, knit were China ($1.5B), Vietnam ($287M), Germany ($260M), Italy ($179M), and Spain ($165M).

In 2019, the top importers of Garments nes, of manmade fibres, knit were United States ($1.01B), Germany ($436M), United Kingdom ($227M), France ($214M), and Spain ($173M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $56.6M

Top Destination Growth (2018 - 2019): United States, $82.1M

Between 2018 and 2019, the exports of Garments nes, of manmade fibres, knit grew the fastest in Vietnam ($56.6M), China ($48.4M), Germany ($44.9M), Bangladesh ($26M), and Poland ($25.6M).

Between 2018 and 2019, the fastest growing importers of Garments nes, of manmade fibres, knit were United States ($82.1M), Germany ($53.3M), Poland ($42.3M), South Korea ($40M), and Switzerland ($19.5M).

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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 Garments nes, of manmade fibres, knit.

In 2019,  market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Garments nes, of manmade fibres, knit are explained by 16 countries.

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TOP NET EXPORTER (2019): China, $1.47B

TOP NET IMPORTER (2019): United States, $958M

This map shows which countries export or import more of Garments nes, of manmade fibres, knit. Each country is colored based on the difference in exports and imports of Garments nes, of manmade fibres, knit during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Garments nes, of manmade fibres, knit were China ($1.47B), Vietnam ($282M), Bangladesh ($143M), Cambodia ($142M), and Turkey ($108M).

In 2019, the countries that had a largest trade value in imports than in exports of Garments nes, of manmade fibres, knit were United States ($958M), Germany ($176M), United Kingdom ($159M), South Korea ($159M), and France ($119M).

Import Tariffs

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In 2018, the average tariff for importing Garments nes, of manmade fibres, knit was 24.1%. The countries with the highest tariffs for importing Garments nes, of manmade fibres, knit were Iran (100%), Syria (73.5%), Bolivia (38.5%), South Africa (36.3%), and Finland (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.