Knit Men's Suits6103 (Harmonized System 1992 for 4-digit)
World Trade (2018): $11.6B, Rnk 295 / 1225
Top Exporter (2018): $4.32B, China
Top Importer (2018): $2.27B, United States
Product Complexity (2018): -1.51, Rnk 939 / 1018
Export Growth (CAGR)(2017 - 2018): 16.4%, Rnk 461 / 1225
Mean Tariff (2018): 23.8%, Rnk 59 / 1259
Share of World Trade (2018): 0.063%, Rnk 295 / 1225
Overview: This page contains the latest trade data of Knit Men's Suits. In 2018, Knit Men's Suits were the world's 295th most traded product, with a total trade of $11.6B. Between 2017 and 2018 the exports of Knit Men's Suits grew by 16.4%, from $9.93B to $11.6B. Trade in Knit Men's Suits represent 0.063% of total world trade.
Exports: In 2018 the top exporters of Knit Men's Suits were China ($4.32B), Vietnam ($849M), Bangladesh ($631M), Cambodia ($611M), and Belgium-Luxembourg ($430M).
Imports: In 2018 the top importers of Knit Men's Suits were United States ($2.27B), Japan ($660M), United Kingdom ($616M), Germany ($555M), and Italy ($407M).
Tariffs: In 2018 the average tariff for Knit Men's Suits was 23.8%, been the 59 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 939th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $4.32B
Top Destination (2018): United States, $2.27B
Knit Men's Suits are the world's 295th most traded product.
In 2018, the top exporters of Knit Men's Suits were China ($4.32B), Vietnam ($849M), Bangladesh ($631M), Cambodia ($611M), and Belgium-Luxembourg ($430M).
In 2018, the top importers of Knit Men's Suits were United States ($2.27B), Japan ($660M), United Kingdom ($616M), Germany ($555M), and Italy ($407M).
Trade by country
Top Origin Growth (2017 - 2018): China, $463M
Top Destination Growth (2017 - 2018): United States, $420M
Between 2017 and 2018, the exports of Knit Men's Suits grew the fastest in China ($463M), Belgium-Luxembourg ($227M), Vietnam ($219M), Cambodia ($157M), and Bangladesh ($122M).
Between 2017 and 2018, the fastest growing importers of Knit Men's Suits were United States ($420M), Germany ($186M), Philippines ($150M), France ($149M), and Netherlands ($135M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Knit Men's Suits.
In 2018, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Knit Men's Suits are explained by 16 countries.
TOP NET EXPORTER (2018): China, $4.1B
TOP NET IMPORTER (2018): United States, $2.21B
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Knit Men's Suits were China ($4.1B), Vietnam ($705M), Bangladesh ($627M), Cambodia ($605M), and Turkey ($333M).
In 2018, the countries that had a largest trade value in imports than in exports of Knit Men's Suits were United States ($2.21B), Japan ($648M), United Kingdom ($460M), Germany ($404M), and France ($312M).
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%).
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.
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