HS Icon Knit Babies' Garments

6111 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.94B, Rnk 390 / 1225

Top Exporter (2018): $2.58B, China

Top Importer (2018): $1.93B, United States

Product Complexity (2018): -1.65, Rnk 960 / 1018

Export Growth (CAGR)(2017 - 2018): 6.02%, Rnk 935 / 1225

Mean Tariff (2018): 22.9%, Rnk 76 / 1259

Share of World Trade (2018): 0.043%, Rnk 390 / 1225

Overview:  This page contains the latest trade data of Knit Babies' Garments. In 2018, Knit Babies' Garments were the world's 390th most traded product, with a total trade of $7.94B. Between 2017 and 2018 the exports of Knit Babies' Garments grew by 6.02%, from  $7.49B to $7.94B. Trade in Knit Babies' Garments represent 0.043% of total world trade.

Exports: In 2018 the top exporters of Knit Babies' Garments  were China ($2.58B), Bangladesh ($958M), India ($820M), Cambodia ($495M), and Vietnam ($294M).

Imports: In 2018 the top importers of Knit Babies' Garments were United States ($1.93B), Germany ($616M), United Kingdom ($583M), France ($519M), and Spain ($392M).

Tariffs: In 2018 the average tariff for Knit Babies' Garments was 22.9%, been the 76 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Knit Babies' Garments are Iran (100%), Syria (73.5%), South Africa (40.8%), Bolivia (38.5%), and Turkmenistan (35.7%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: Knit Babies' Garments ranks 960th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.58B

Top Destination (2018): United States, $1.93B

Knit Babies' Garments are the world's 390th most traded product.

In 2018, the top exporters of Knit Babies' Garments were China ($2.58B), Bangladesh ($958M), India ($820M), Cambodia ($495M), and Vietnam ($294M).

In 2018, the top importers of Knit Babies' Garments were United States ($1.93B), Germany ($616M), United Kingdom ($583M), France ($519M), and Spain ($392M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Bangladesh, $154M

Top Destination Growth (2017 - 2018): Germany, $96.2M

Between 2017 and 2018, the exports of Knit Babies' Garments grew the fastest in Bangladesh ($154M), Spain ($87.6M), Poland ($67M), Italy ($59.1M), and Cambodia ($55.5M).

Between 2017 and 2018, the fastest growing importers of Knit Babies' Garments were Germany ($96.2M), Saudi Arabia ($55.4M), United States ($49M), Poland ($49M), and Netherlands ($38.5M).

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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 Knit Babies' Garments.

In 2018,  market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Knit Babies' Garments are explained by 15 countries.

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TOP NET EXPORTER (2018): China, $2.46B

TOP NET IMPORTER (2018): United States, $1.89B

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

In 2018, the countries that had a largest trade value in exports than in imports of Knit Babies' Garments were China ($2.46B), Bangladesh ($957M), India ($796M), Cambodia ($494M), and Vietnam ($283M).

In 2018, the countries that had a largest trade value in imports than in exports of Knit Babies' Garments were United States ($1.89B), United Kingdom ($493M), Germany ($414M), France ($304M), and Japan ($263M).

Trade Forecasts

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This section shows forecasts for total trade for Knit Babies' Garments. 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 Knit Babies' Garments was 22.9%.  The countries with the highest tariffs for importing Knit Babies' Garments were Iran (100%), Syria (73.5%), South Africa (40.8%), Bolivia (38.5%), and Turkmenistan (35.7%).

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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.