HS Icon Iron Sewing Needles

7319 (Harmonized System 1992 for 4-digit)

World Trade (2018): $308M, Rnk 1098 / 1225

Top Exporter (2018): $99.7M, China

Top Importer (2018): $39.4M, United States

Export Growth (CAGR)(2017 - 2018): -3.08%, Rnk 1128 / 1225

Mean Tariff (2018): 8.53%, Rnk 505 / 1259

Share of World Trade (2018): 0.0017%, Rnk 1098 / 1225

Overview:  This page contains the latest trade data of Iron Sewing Needles. In 2018, Iron Sewing Needles were the world's 1098th most traded product, with a total trade of $308M. Between 2017 and 2018 the exports of Iron Sewing Needles decreased by -3.08%, from  $317M to $308M. Trade in Iron Sewing Needles represent 0.0017% of total world trade.

Exports: In 2018 the top exporters of Iron Sewing Needles  were China ($99.7M), Japan ($29M), Singapore ($20.5M), Germany ($16.9M), and Malaysia ($16.1M).

Imports: In 2018 the top importers of Iron Sewing Needles were United States ($39.4M), Germany ($24.6M), Indonesia ($23.4M), Malaysia ($17.4M), and China ($12.9M).

Tariffs: In 2018 the average tariff for Iron Sewing Needles was 8.53%, been the 505 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Sewing Needles are Bahamas (40.2%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Vietnam (27.9%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): China, $99.7M

Top Destination (2018): United States, $39.4M

Iron Sewing Needles are the world's 1098th most traded product.

In 2018, the top exporters of Iron Sewing Needles were China ($99.7M), Japan ($29M), Singapore ($20.5M), Germany ($16.9M), and Malaysia ($16.1M).

In 2018, the top importers of Iron Sewing Needles were United States ($39.4M), Germany ($24.6M), Indonesia ($23.4M), Malaysia ($17.4M), and China ($12.9M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Italy, $3.54M

Top Destination Growth (2017 - 2018): Japan, $5.11M

Between 2017 and 2018, the exports of Iron Sewing Needles grew the fastest in Italy ($3.54M), Chinese Taipei ($2.81M), Malaysia ($1.91M), Poland ($1.78M), and Thailand ($1.05M).

Between 2017 and 2018, the fastest growing importers of Iron Sewing Needles were Japan ($5.11M), Germany ($3.39M), China ($3.16M), Hong Kong ($1.8M), and France ($1.59M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Iron Sewing Needles.

In 2018,  market concentration measured using Shannon Entropy, was 3.91. This means that most of the exports of Iron Sewing Needles are explained by 15 countries.

Explore Visualizations

TOP NET EXPORTER (2018): China, $86.8M

TOP NET IMPORTER (2018): United States, $27.3M

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

In 2018, the countries that had a largest trade value in exports than in imports of Iron Sewing Needles were China ($86.8M), Japan ($18.5M), Singapore ($11.5M), Chinese Taipei ($10.5M), and Czechia ($7.48M).

In 2018, the countries that had a largest trade value in imports than in exports of Iron Sewing Needles were United States ($27.3M), Indonesia ($22.8M), Philippines ($9.17M), Germany ($7.71M), and Thailand ($6.14M).

Trade Forecasts

#permalink to section

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

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Iron Sewing Needles was 8.53%.  The countries with the highest tariffs for importing Iron Sewing Needles were Bahamas (40.2%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Vietnam (27.9%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.