HS Icon Non-Retail Artificial Staple Fibers Sewing Thread

5508 (Harmonized System 1992 for 4-digit)

World Trade (2018): $704M, Rnk 977 / 1225

Top Exporter (2018): $400M, China

Top Importer (2018): $62.9M, Vietnam

Export Growth (CAGR)(2017 - 2018): 14.5%, Rnk 541 / 1225

Mean Tariff (2018): 8.03%, Rnk 544 / 1259

Share of World Trade (2018): 0.0038%, Rnk 977 / 1225

Overview:  This page contains the latest trade data of Non-Retail Artificial Staple Fibers Sewing Thread. In 2018, Non-Retail Artificial Staple Fibers Sewing Thread were the world's 977th most traded product, with a total trade of $704M. Between 2017 and 2018 the exports of Non-Retail Artificial Staple Fibers Sewing Thread grew by 14.5%, from  $615M to $704M. Trade in Non-Retail Artificial Staple Fibers Sewing Thread represent 0.0038% of total world trade.

Exports: In 2018 the top exporters of Non-Retail Artificial Staple Fibers Sewing Thread  were China ($400M), Hong Kong ($38.4M), United States ($36.5M), Egypt ($29M), and South Korea ($23.8M).

Imports: In 2018 the top importers of Non-Retail Artificial Staple Fibers Sewing Thread were Vietnam ($62.9M), Turkey ($44.3M), Hong Kong ($37.8M), Bangladesh ($35.9M), and Mexico ($30.5M).

Tariffs: In 2018 the average tariff for Non-Retail Artificial Staple Fibers Sewing Thread was 8.03%, been the 544 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Non-Retail Artificial Staple Fibers Sewing Thread are Iran (30%), Tanzania (23.6%), Rwanda (23.5%), Uganda (23.5%), and Kenya (23.4%). The countries with the lowest tariffs are Angola (0%), Madagascar (0%), Mauritius (0%), Hong Kong (0%), and Lebanon (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $400M

Top Destination (2018): Vietnam, $62.9M

Non-Retail Artificial Staple Fibers Sewing Thread are the world's 977th most traded product.

In 2018, the top exporters of Non-Retail Artificial Staple Fibers Sewing Thread were China ($400M), Hong Kong ($38.4M), United States ($36.5M), Egypt ($29M), and South Korea ($23.8M).

In 2018, the top importers of Non-Retail Artificial Staple Fibers Sewing Thread were Vietnam ($62.9M), Turkey ($44.3M), Hong Kong ($37.8M), Bangladesh ($35.9M), and Mexico ($30.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $81.7M

Top Destination Growth (2017 - 2018): Vietnam, $9.09M

Between 2017 and 2018, the exports of Non-Retail Artificial Staple Fibers Sewing Thread grew the fastest in China ($81.7M), Germany ($3.93M), Hungary ($3.61M), United States ($3.21M), and Netherlands ($2.99M).

Between 2017 and 2018, the fastest growing importers of Non-Retail Artificial Staple Fibers Sewing Thread were Vietnam ($9.09M), Indonesia ($6.61M), Ghana ($6.05M), Kyrgyzstan ($4.74M), and Burma ($4.19M).

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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-Retail Artificial Staple Fibers Sewing Thread.

In 2018,  market concentration measured using Shannon Entropy, was 3.01. This means that most of the exports of Non-Retail Artificial Staple Fibers Sewing Thread are explained by 8 countries.

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TOP NET EXPORTER (2018): China, $396M

TOP NET IMPORTER (2018): Vietnam, $59.5M

This map shows which countries export or import more of Non-Retail Artificial Staple Fibers Sewing Thread. Each country is colored based on the difference in exports and imports of Non-Retail Artificial Staple Fibers Sewing Thread during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Non-Retail Artificial Staple Fibers Sewing Thread were China ($396M), United States ($23.5M), South Korea ($16.1M), Egypt ($6.81M), and Germany ($6.31M).

In 2018, the countries that had a largest trade value in imports than in exports of Non-Retail Artificial Staple Fibers Sewing Thread were Vietnam ($59.5M), Bangladesh ($32M), Turkey ($29.8M), Mexico ($28.3M), and Cambodia ($16.4M).

Trade Forecasts

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This section shows forecasts for total trade for Non-Retail Artificial Staple Fibers Sewing Thread. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Non-Retail Artificial Staple Fibers Sewing Thread was 8.03%.  The countries with the highest tariffs for importing Non-Retail Artificial Staple Fibers Sewing Thread were Iran (30%), Tanzania (23.6%), Rwanda (23.5%), Uganda (23.5%), and Kenya (23.4%).

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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.