HS Icon Non-Retail Synthetic Filament Yarn

5402 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Non-Retail Synthetic Filament Yarn. In 2019, Non-Retail Synthetic Filament Yarn were the world's 197th most traded product, with a total trade of $18.6B. Between 2018 and 2019 the exports of Non-Retail Synthetic Filament Yarn decreased by -5.74%, from $19.7B to $18.6B. Trade in Non-Retail Synthetic Filament Yarn represent 0.1% of total world trade.

Exports: In 2019 the top exporters of Non-Retail Synthetic Filament Yarn  were China ($5.83B), India ($1.17B), South Korea ($1.1B), Chinese Taipei ($1.04B), and United States ($886M).

Imports: In 2019 the top importers of Non-Retail Synthetic Filament Yarn were Turkey ($1.62B), Vietnam ($1.13B), United States ($1.09B), China ($1B), and South Korea ($799M).

Tariffs: In 2018 the average tariff for Non-Retail Synthetic Filament Yarn was 5.5%, making it the 751st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Non-Retail Synthetic Filament Yarn are Bahamas (40.2%), Iran (21.7%), Ethiopia (19.8%), Venezuela (15.2%), and Argentina (15.2%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Sri Lanka (0%).

Ranking: Non-Retail Synthetic Filament Yarn ranks 409th in the Product Complexity Index (PCI).

Description: Synthetic filament yarn is used in the production of carpets, upholstery, and curtains.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $5.83B

Top Destination (2019): Turkey, $1.62B

Non-Retail Synthetic Filament Yarn are the world's 197th most traded product.

In 2019, the top exporters of Non-Retail Synthetic Filament Yarn were China ($5.83B), India ($1.17B), South Korea ($1.1B), Chinese Taipei ($1.04B), and United States ($886M).

In 2019, the top importers of Non-Retail Synthetic Filament Yarn were Turkey ($1.62B), Vietnam ($1.13B), United States ($1.09B), China ($1B), and South Korea ($799M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $129M

Top Destination Growth (2018 - 2019): Turkey, $102M

Between 2018 and 2019, the exports of Non-Retail Synthetic Filament Yarn grew the fastest in China ($129M), Netherlands ($52.5M), Turkey ($19.4M), Honduras ($14M), and Mexico ($11M).

Between 2018 and 2019, the fastest growing importers of Non-Retail Synthetic Filament Yarn were Turkey ($102M), Vietnam ($49.6M), India ($24.4M), United Arab Emirates ($16.1M), and Romania ($15.6M).

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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 Synthetic Filament Yarn.

In 2019,  market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Non-Retail Synthetic Filament Yarn are explained by 18 countries.

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TOP NET EXPORTER (2019): China, $4.82B

TOP NET IMPORTER (2019): Turkey, $922M

This map shows which countries export or import more of Non-Retail Synthetic Filament Yarn. Each country is colored based on the difference in exports and imports of Non-Retail Synthetic Filament Yarn during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Non-Retail Synthetic Filament Yarn were China ($4.82B), Chinese Taipei ($822M), India ($678M), South Korea ($304M), and Malaysia ($180M).

In 2019, the countries that had a largest trade value in imports than in exports of Non-Retail Synthetic Filament Yarn were Turkey ($922M), Brazil ($734M), Egypt ($526M), Pakistan ($408M), and Bangladesh ($404M).

Disaggregation

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Value

In 2019, the world most traded Non-Retail Synthetic Filament Yarn, disaggragated by their HS6 level were Textured yarn nes, of polyester filaments,... ($4.42B), Yarn,nylon/polyamide, single untwisted nes, not retai ($2.86B), Hi-ten yarn of nylon, polyamide, not... ($2.59B), Hi-ten yarn, polyester filament, not sewing... ($1.69B), and Yarn, polyester, single, untwisted nes, not... ($1.34B)

Import Tariffs

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In 2018, the average tariff for importing Non-Retail Synthetic Filament Yarn was 5.5%. The countries with the highest tariffs for importing Non-Retail Synthetic Filament Yarn were Bahamas (40.2%), Iran (21.7%), Ethiopia (19.8%), Venezuela (15.2%), and Argentina (15.2%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Non-Retail Synthetic Filament Yarn to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.