Overview: This page contains the latest trade data of Looms. In 2019, Looms were the world's 760th most traded product, with a total trade of $1.78B. Between 2018 and 2019 the exports of Looms decreased by -23.4%, from $2.32B to $1.78B. Trade in Looms represent 0.0098% of total world trade.
Exports: In 2019 the top exporters of Looms were Japan ($453M), Belgium ($421M), China ($375M), Italy ($123M), and Germany ($83.8M).
Imports: In 2019 the top importers of Looms were India ($399M), China ($371M), Turkey ($126M), Vietnam ($101M), and Uzbekistan ($81.2M).
Tariffs: In 2018 the average tariff for Looms was 4.23%, making it the 949th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Looms are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.9%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Looms ranks 210th in the Product Complexity Index (PCI).
Description: Weaving machines are used to make textiles. They can be made from a variety of materials, including wood, metal, and plastic.