HS Icon Non-Knit Men's Suits

6203 (Harmonized System 1992 for 4-digit)

World Trade (2019): $47.7B, Rnk 74 / 1217

Top Exporter (2019): $9.75B, China

Top Importer (2019): $8.71B, United States

Product Complexity (2019): -1.24, Rnk 835 / 961

Export Growth (CAGR)(2018 - 2019): -1.49%, Rnk 513 / 1217

Mean Tariff (2018): 25.1%, Rnk 46 / 1259

Share of World Trade (2019): 0.26%, Rnk 74 / 1217

Overview:  This page contains the latest trade data of Non-Knit Men's Suits. In 2019, Non-Knit Men's Suits were the world's 74th most traded product, with a total trade of $47.7B. Between 2018 and 2019 the exports of Non-Knit Men's Suits decreased by -1.49%, from  $48.4B to $47.7B. Trade in Non-Knit Men's Suits represent 0.26% of total world trade.

Exports: In 2019 the top exporters of Non-Knit Men's Suits  were China ($9.75B), Bangladesh ($7.06B), Germany ($3.15B), Vietnam ($3.11B), and Italy ($2.26B).

Imports: In 2019 the top importers of Non-Knit Men's Suits were United States ($8.71B), Germany ($5.55B), France ($2.61B), Japan ($2.57B), and United Kingdom ($2.26B).

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 835th 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.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $9.75B

Top Destination (2019): United States, $8.71B

Non-Knit Men's Suits are the world's 74th most traded product.

In 2019, the top exporters of Non-Knit Men's Suits were China ($9.75B), Bangladesh ($7.06B), Germany ($3.15B), Vietnam ($3.11B), and Italy ($2.26B).

In 2019, the top importers of Non-Knit Men's Suits were United States ($8.71B), Germany ($5.55B), France ($2.61B), Japan ($2.57B), and United Kingdom ($2.26B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Bangladesh, $164M

Top Destination Growth (2018 - 2019): Poland, $190M

Between 2018 and 2019, the exports of Non-Knit Men's Suits grew the fastest in Bangladesh ($164M), Vietnam ($122M), Turkey ($120M), Netherlands ($118M), and India ($112M).

Between 2018 and 2019, the fastest growing importers of Non-Knit Men's Suits were Poland ($190M), Saudi Arabia ($95.9M), Kazakhstan ($69.1M), Germany ($60.7M), and Philippines ($53.2M).

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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 Non-Knit Men's Suits.

In 2019,  market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Non-Knit Men's Suits are explained by 24 countries.

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TOP NET EXPORTER (2019): China, $9.08B

TOP NET IMPORTER (2019): United States, $8.46B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Non-Knit Men's Suits were China ($9.08B), Bangladesh ($7.05B), Vietnam ($3B), Pakistan ($1.68B), and Turkey ($1.58B).

In 2019, the countries that had a largest trade value in imports than in exports of Non-Knit Men's Suits were United States ($8.46B), Japan ($2.49B), Germany ($2.4B), France ($1.94B), and United Kingdom ($1.7B).

Disaggregation

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Value

In 2019, the world most traded Non-Knit Men's Suits, disaggragated by their HS6 level were Mens, boys trousers & shorts, of... ($26.7B), Mens, boys trousers shorts, synthetic fibre,... ($8.16B), Mens, boys jackets, blazers, synthetic fibre,... ($2.64B), Mens, boys jackets & blazers, wool... ($1.67B), and Mens, boys suits, of wool or... ($1.65B)

Import Tariffs

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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%).

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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.