Non-Knit Men's Suits6203 (Harmonized System 1992 for 4-digit)
World Trade (2018): $48.6B, Rnk 75 / 1225
Top Exporter (2018): $11B, China
Top Importer (2018): $8.67B, United States
Product Complexity (2018): -1.27, Rnk 890 / 1018
Export Growth (CAGR)(2017 - 2018): 12.2%, Rnk 661 / 1225
Mean Tariff (2018): 25.1%, Rnk 46 / 1259
Share of World Trade (2018): 0.26%, Rnk 75 / 1225
Overview: This page contains the latest trade data of Non-Knit Men's Suits. In 2018, Non-Knit Men's Suits were the world's 75th most traded product, with a total trade of $48.6B. Between 2017 and 2018 the exports of Non-Knit Men's Suits grew by 12.2%, from $43.3B to $48.6B. Trade in Non-Knit Men's Suits represent 0.26% of total world trade.
Exports: In 2018 the top exporters of Non-Knit Men's Suits were China ($11B), Bangladesh ($6.89B), Germany ($3.07B), Vietnam ($2.9B), and Italy ($2.3B).
Imports: In 2018 the top importers of Non-Knit Men's Suits were United States ($8.67B), Germany ($5.59B), France ($2.73B), Japan ($2.61B), and United Kingdom ($2.32B).
Tariffs: In 2018 the average tariff for Non-Knit Men's Suits was 25.1%, making it the 46th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Non-Knit Men's Suits are Iran (100%), Syria (73.5%), Austria (56.6%), South Africa (40.2%), and Cape Verde (40%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).
Ranking: Non-Knit Men's Suits ranks 890th in the Product Complexity Index (PCI).
Description: Men's suits are used to dress men for special occasions, such as weddings and funerals. Men's suits can be made from a variety of materials, including wool, cotton, silk, and polyester.
Trade By Country
Top Origin (2018): China, $11B
Top Destination (2018): United States, $8.67B
Non-Knit Men's Suits are the world's 75th most traded product.
In 2018, the top exporters of Non-Knit Men's Suits were China ($11B), Bangladesh ($6.89B), Germany ($3.07B), Vietnam ($2.9B), and Italy ($2.3B).
In 2018, the top importers of Non-Knit Men's Suits were United States ($8.67B), Germany ($5.59B), France ($2.73B), Japan ($2.61B), and United Kingdom ($2.32B).
Trade by country
Top Origin Growth (2017 - 2018): Germany, $1.09B
Top Destination Growth (2017 - 2018): Germany, $658M
Between 2017 and 2018, the exports of Non-Knit Men's Suits grew the fastest in Germany ($1.09B), China ($994M), Bangladesh ($691M), Spain ($422M), and Netherlands ($400M).
Between 2017 and 2018, the fastest growing importers of Non-Knit Men's Suits were Germany ($658M), United States ($459M), France ($438M), Switzerland ($400M), and Italy ($258M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Non-Knit Men's Suits.
In 2018, market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Non-Knit Men's Suits are explained by 23 countries.
TOP NET EXPORTER (2018): China, $10.3B
TOP NET IMPORTER (2018): United States, $8.36B
This map shows which countries export or import more of Non-Knit Men's Suits. Each country is colored based on the difference in exports and imports of Non-Knit Men's Suits during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Non-Knit Men's Suits were China ($10.3B), Bangladesh ($6.86B), Vietnam ($2.69B), Pakistan ($1.6B), and Turkey ($1.43B).
In 2018, the countries that had a largest trade value in imports than in exports of Non-Knit Men's Suits were United States ($8.36B), Japan ($2.55B), Germany ($2.52B), France ($2.06B), and United Kingdom ($1.76B).
In 2018, the world most traded Non-Knit Men's Suits, disaggragated by their HS6 level were Mens, boys trousers & shorts, of... ($27.2B), Mens, boys trousers shorts, synthetic fibre,... ($7.96B), Mens, boys jackets, blazers, synthetic fibre,... ($2.98B), Mens, boys suits, of wool or... ($1.91B), and Mens, boys jackets & blazers, of... ($1.79B)
In 2018, the average tariff for importing Non-Knit Men's Suits was 25.1%. The countries with the highest tariffs for importing Non-Knit Men's Suits were Iran (100%), Syria (73.5%), Austria (56.6%), South Africa (40.2%), and Cape Verde (40%).
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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