HS Icon Knit Sweaters

6110 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $58.7B, Rnk 50 / 1217

2019
Top Exporter | Top Importer
: $18.9B | $14.1B, China | United States

2019
Product Complexity
: -1.34, Rnk 856 / 961

2018 - 2019
Export Growth (CAGR)
: 3.83%, Rnk 204 / 1217

2018
Mean Tariff
: 23.5%, Rnk 66 / 1259

 2019
Share of World Trade
: 0.32%, Rnk 50 / 1217

Overview:  This page contains the latest trade data of Knit Sweaters. In 2019, Knit Sweaters were the world's 50th most traded product, with a total trade of $58.7B. Between 2018 and 2019 the exports of Knit Sweaters grew by 3.83%, from  $56.5B to $58.7B. Trade in Knit Sweaters represent 0.32% of total world trade.

Exports: In 2019 the top exporters of Knit Sweaters  were China ($18.9B), Bangladesh ($5.71B), Vietnam ($4.25B), Italy ($3.33B), and Germany ($2.57B).

Imports: In 2019 the top importers of Knit Sweaters were United States ($14.1B), Germany ($5.5B), Japan ($4.21B), France ($3.38B), and United Kingdom ($3.27B).

Tariffs: In 2018 the average tariff for Knit Sweaters was 23.5%, making it the 66th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Knit Sweaters are Iran (100%), Syria (73.5%), South Africa (40.8%), Bolivia (38.3%), 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 Sweaters ranks 856th in the Product Complexity Index (PCI).

Description: Jerseys, pullovers, cardigans, waistcoats and similar articles are knitted or crocheted sweaters. They can be made from a variety of materials, including cotton, wool, silk, polyester and nylon.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $18.9B

Top Destination (2019): United States, $14.1B

Knit Sweaters are the world's 50th most traded product.

In 2019, the top exporters of Knit Sweaters were China ($18.9B), Bangladesh ($5.71B), Vietnam ($4.25B), Italy ($3.33B), and Germany ($2.57B).

In 2019, the top importers of Knit Sweaters were United States ($14.1B), Germany ($5.5B), Japan ($4.21B), France ($3.38B), and United Kingdom ($3.27B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Honduras, $734M

Top Destination Growth (2018 - 2019): United States, $1.09B

Between 2018 and 2019, the exports of Knit Sweaters grew the fastest in Honduras ($734M), Vietnam ($510M), Bangladesh ($254M), Myanmar ($187M), and Italy ($179M).

Between 2018 and 2019, the fastest growing importers of Knit Sweaters were United States ($1.09B), Chinese Taipei ($268M), Switzerland ($175M), Philippines ($173M), and Spain ($150M).

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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 Sweaters.

In 2019,  market concentration measured using Shannon Entropy, was 4.2. This means that most of the exports of Knit Sweaters are explained by 18 countries.

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TOP NET EXPORTER (2019): China, $18.1B

TOP NET IMPORTER (2019): United States, $13.7B

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

In 2019, the countries that had a largest trade value in exports than in imports of Knit Sweaters were China ($18.1B), Bangladesh ($5.7B), Vietnam ($4.2B), Cambodia ($2.42B), and Turkey ($1.97B).

In 2019, the countries that had a largest trade value in imports than in exports of Knit Sweaters were United States ($13.7B), Japan ($4.13B), Germany ($2.94B), United Kingdom ($2.42B), and France ($2.11B).

Disaggregation

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Value

In 2019, the world most traded Knit Sweaters, disaggragated by their HS6 level were Pullovers, cardigans etc of manmade fibres,... ($25.8B), Pullovers, cardigans etc of cotton, knit ($25.2B), Pullovers, cardigans etc of wool or... ($6.32B), and Pullovers, cardigans etc of material nes... ($1.36B)

Import Tariffs

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In 2018, the average tariff for importing Knit Sweaters was 23.5%.  The countries with the highest tariffs for importing Knit Sweaters were Iran (100%), Syria (73.5%), South Africa (40.8%), Bolivia (38.3%), 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.