HS Icon Mens, boys suits, of wool or hair, not knit

620311 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Mens, boys suits, of wool or hair, not knit. In 2019, Mens, boys suits, of wool or hair, not knit were the world's 1485th most traded product, with a total trade of $1.65B. Between 2018 and 2019 the exports of Mens, boys suits, of wool or hair, not knit decreased by -13.5%, from $1.91B to $1.65B. Trade in Mens, boys suits, of wool or hair, not knit represent 0.0091% of total world trade.

Exports In 2019 the top exporters of Mens, boys suits, of wool or hair, not knit  were China ($405M), Italy ($326M), Germany ($119M), Turkey ($83.3M), and Canada ($66.9M).

Imports In 2019 the top importers of Mens, boys suits, of wool or hair, not knit were Japan ($336M), United States ($318M), Germany ($115M), Italy ($94M), and United Kingdom ($89.9M).

Tariffs In 2018 the average tariff for Mens, boys suits, of wool or hair, not knit was 25.7%, making it the 196th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Mens, boys suits, of wool or hair, not knit are Iran (100%), Syria (73.5%), Austria (71.2%), South Africa (40.8%), and Cape Verde (40%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking Mens, boys suits, of wool or hair, not knit ranks 3879th in the Product Complexity Index (PCI).

Description Mens suits are usually made of wool or hair (not knit) and are often worn to work. Boys suits are usually made of wool or hair (not knit) and are often worn to weddings or other formal occasions.

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): China, $405M

Top Destination (2019): Japan, $336M

Mens, boys suits, of wool or hair, not knit are the world's 1485th most traded product.

In 2019, the top exporters of Mens, boys suits, of wool or hair, not knit were China ($405M), Italy ($326M), Germany ($119M), Turkey ($83.3M), and Canada ($66.9M).

In 2019, the top importers of Mens, boys suits, of wool or hair, not knit were Japan ($336M), United States ($318M), Germany ($115M), Italy ($94M), and United Kingdom ($89.9M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Turkey, $12.1M

Top Destination Growth (2018 - 2019): Qatar, $1.81M

Between 2018 and 2019, the exports of Mens, boys suits, of wool or hair, not knit grew the fastest in Turkey ($12.1M), India ($5.39M), Bangladesh ($2.7M), United Arab Emirates ($1.26M), and United Kingdom ($1.22M).

Between 2018 and 2019, the fastest growing importers of Mens, boys suits, of wool or hair, not knit were Qatar ($1.81M), United Arab Emirates ($1.2M), Malaysia ($851k), Albania ($618k), and Democratic Republic of the Congo ($528k).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Mens, boys suits, of wool or hair, not knit.

In 2019,  market concentration measured using Shannon Entropy, was 4.09. This means that most of the exports of Mens, boys suits, of wool or hair, not knit are explained by 16 countries.

Explore Visualizations

TOP NET EXPORTER (2019): China, $372M

TOP NET IMPORTER (2019): Japan, $333M

This map shows which countries export or import more of Mens, boys suits, of wool or hair, not knit. Each country is colored based on the difference in exports and imports of Mens, boys suits, of wool or hair, not knit during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Mens, boys suits, of wool or hair, not knit were China ($372M), Italy ($232M), Turkey ($76.2M), Bulgaria ($57.1M), and Vietnam ($41.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Mens, boys suits, of wool or hair, not knit were Japan ($333M), United States ($309M), France ($66.1M), United Kingdom ($63.8M), and Netherlands ($27.6M).

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Mens, boys suits, of wool or hair, not knit was 25.7%. The countries with the highest tariffs for importing Mens, boys suits, of wool or hair, not knit were Iran (100%), Syria (73.5%), Austria (71.2%), South Africa (40.8%), and Cape Verde (40%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Specialization

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.