HS Icon Knit Men's Suits

6103 (Harmonized System 1992 for 4-digit)

World Trade (2019): $11.8B, Rnk 286 / 1217

Top Exporter (2019): $3.99B, China

Top Importer (2019): $2.37B, United States

Product Complexity (2019): -1.38, Rnk 861 / 961

Export Growth (CAGR)(2018 - 2019): 1.79%, Rnk 278 / 1217

Mean Tariff (2018): 23.8%, Rnk 59 / 1259

Share of World Trade (2019): 0.065%, Rnk 286 / 1217

Overview:  This page contains the latest trade data of Knit Men's Suits. In 2019, Knit Men's Suits were the world's 286th most traded product, with a total trade of $11.8B. Between 2018 and 2019 the exports of Knit Men's Suits grew by 1.79%, from  $11.6B to $11.8B. Trade in Knit Men's Suits represent 0.065% of total world trade.

Exports: In 2019 the top exporters of Knit Men's Suits  were China ($3.99B), Vietnam ($976M), Cambodia ($782M), Bangladesh ($684M), and Turkey ($423M).

Imports: In 2019 the top importers of Knit Men's Suits were United States ($2.37B), Japan ($657M), United Kingdom ($636M), Germany ($563M), and Italy ($431M).

Tariffs: In 2018 the average tariff for Knit Men's Suits was 23.8%, making it the 59th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Knit Men's Suits are Iran (100%), Syria (73.5%), South Africa (39.9%), Bolivia (38.4%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Ranking: Knit Men's Suits ranks 861st in the Product Complexity Index (PCI).

Description: Men's suits are used to make clothing for men. Men's suits 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, $3.99B

Top Destination (2019): United States, $2.37B

Knit Men's Suits are the world's 286th most traded product.

In 2019, the top exporters of Knit Men's Suits were China ($3.99B), Vietnam ($976M), Cambodia ($782M), Bangladesh ($684M), and Turkey ($423M).

In 2019, the top importers of Knit Men's Suits were United States ($2.37B), Japan ($657M), United Kingdom ($636M), Germany ($563M), and Italy ($431M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $138M

Top Destination Growth (2018 - 2019): United States, $120M

Between 2018 and 2019, the exports of Knit Men's Suits grew the fastest in Vietnam ($138M), Honduras ($66.2M), Bangladesh ($51.3M), India ($37M), and Italy ($35.7M).

Between 2018 and 2019, the fastest growing importers of Knit Men's Suits were United States ($120M), Philippines ($47.5M), Chinese Taipei ($40.1M), Canada ($39.3M), and Oman ($33.8M).

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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 Men's Suits.

In 2019,  market concentration measured using Shannon Entropy, was 4.19. This means that most of the exports of Knit Men's Suits are explained by 18 countries.

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TOP NET EXPORTER (2019): China, $3.77B

TOP NET IMPORTER (2019): United States, $2.31B

This map shows which countries export or import more of Knit Men's Suits. Each country is colored based on the difference in exports and imports of Knit Men's Suits during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Knit Men's Suits were China ($3.77B), Vietnam ($933M), Cambodia ($775M), Bangladesh ($681M), and India ($368M).

In 2019, the countries that had a largest trade value in imports than in exports of Knit Men's Suits were United States ($2.31B), Japan ($644M), United Kingdom ($483M), Germany ($400M), and United Arab Emirates ($301M).

Disaggregation

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Value

In 2019, the world most traded Knit Men's Suits, disaggragated by their HS6 level were Mens, boys trousers & shorts, of... ($4.72B), Mens, boys trousers, shorts, of synthetic... ($4.02B), Mens, boys jackets & blazers, cotton,... ($818M), Mens, boys jackets & blazers, synthetic... ($697M), and Mens, boys trousers & shorts, of... ($372M)

Import Tariffs

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In 2018, the average tariff for importing Knit Men's Suits was 23.8%.  The countries with the highest tariffs for importing Knit Men's Suits were Iran (100%), Syria (73.5%), South Africa (39.9%), Bolivia (38.4%), and Sudan (35%).

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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.