HS Icon Glass Fibers

7019 (Harmonized System 1992 for 4-digit)

World Trade (2019): $12.6B, Rnk 276 / 1217

Top Exporter (2019): $2.44B, China

Top Importer (2019): $1.35B, United States

Product Complexity (2019): 0.5, Rnk 346 / 961

Export Growth (CAGR)(2018 - 2019): -4.71%, Rnk 726 / 1217

Mean Tariff (2018): 6.25%, Rnk 672 / 1259

Share of World Trade (2019): 0.07%, Rnk 276 / 1217

Overview:  This page contains the latest trade data of Glass Fibers. In 2019, Glass Fibers were the world's 276th most traded product, with a total trade of $12.6B. Between 2018 and 2019 the exports of Glass Fibers decreased by -4.71%, from  $13.2B to $12.6B. Trade in Glass Fibers represent 0.07% of total world trade.

Exports: In 2019 the top exporters of Glass Fibers  were China ($2.44B), United States ($1.32B), Germany ($946M), Belgium ($673M), and France ($576M).

Imports: In 2019 the top importers of Glass Fibers were United States ($1.35B), Germany ($1.2B), France ($718M), China ($623M), and Mexico ($472M).

Tariffs: In 2018 the average tariff for Glass Fibers was 6.25%, making it the 672nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Glass Fibers are Bahamas (37.2%), Sudan (35%), Bermuda (25%), Ethiopia (19.8%), and Mauritania (18.1%). The countries with the lowest tariffs are Angola (0%), Uganda (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Glass Fibers ranks 346th in the Product Complexity Index (PCI).

Description: Glass fibres are used in the production of other goods. They can be made from a variety of materials, including cotton, wool, silk, and polyester.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $2.44B

Top Destination (2019): United States, $1.35B

Glass Fibers are the world's 276th most traded product.

In 2019, the top exporters of Glass Fibers were China ($2.44B), United States ($1.32B), Germany ($946M), Belgium ($673M), and France ($576M).

In 2019, the top importers of Glass Fibers were United States ($1.35B), Germany ($1.2B), France ($718M), China ($623M), and Mexico ($472M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Arab Emirates, $51.7M

Top Destination Growth (2018 - 2019): Saudi Arabia, $59.8M

Between 2018 and 2019, the exports of Glass Fibers grew the fastest in United Arab Emirates ($51.7M), India ($30.8M), Germany ($23.1M), Switzerland ($13.2M), and Spain ($9.44M).

Between 2018 and 2019, the fastest growing importers of Glass Fibers were Saudi Arabia ($59.8M), France ($36.9M), Singapore ($31.1M), Vietnam ($15.8M), and New Zealand ($8.68M).

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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 Glass Fibers.

In 2019,  market concentration measured using Shannon Entropy, was 4.65. This means that most of the exports of Glass Fibers are explained by 25 countries.

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TOP NET EXPORTER (2019): China, $1.82B

TOP NET IMPORTER (2019): South Korea, $307M

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

In 2019, the countries that had a largest trade value in exports than in imports of Glass Fibers were China ($1.82B), Belgium ($343M), Chinese Taipei ($330M), Malaysia ($326M), and Egypt ($287M).

In 2019, the countries that had a largest trade value in imports than in exports of Glass Fibers were South Korea ($307M), Canada ($255M), Germany ($251M), Italy ($199M), and Poland ($197M).

Disaggregation

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Value

In 2019, the world most traded Glass Fibers, disaggragated by their HS6 level were Slivers, rovings, yarn and chopped strands... ($3.51B), Glass fibres, glass wool and articles... ($2.86B), Woven fabric of glass fibres ($2.64B), Webs, mattresses, other nonwoven fibreglass products ($2.1B), and Mats of glass fibres ($786M)

Import Tariffs

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In 2018, the average tariff for importing Glass Fibers was 6.25%.  The countries with the highest tariffs for importing Glass Fibers were Bahamas (37.2%), Sudan (35%), Bermuda (25%), Ethiopia (19.8%), and Mauritania (18.1%).

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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.