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).
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.
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).
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.
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).
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.