HS Icon Other Knit Clothing Accessories

6117 (Harmonized System 1992 for 4-digit)

World Trade (2018): $3.02B, Rnk 626 / 1225

Top Exporter (2018): $1.65B, China

Top Importer (2018): $357M, United States

Product Complexity (2018): -1.28, Rnk 893 / 1018

Export Growth (CAGR)(2017 - 2018): 17.3%, Rnk 412 / 1225

Mean Tariff (2018): 22.9%, Rnk 75 / 1259

Share of World Trade (2018): 0.016%, Rnk 626 / 1225

Overview:  This page contains the latest trade data of Other Knit Clothing Accessories. In 2018, Other Knit Clothing Accessories were the world's 626th most traded product, with a total trade of $3.02B. Between 2017 and 2018 the exports of Other Knit Clothing Accessories grew by 17.3%, from  $2.57B to $3.02B. Trade in Other Knit Clothing Accessories represent 0.016% of total world trade.

Exports: In 2018 the top exporters of Other Knit Clothing Accessories  were China ($1.65B), Italy ($184M), United States ($140M), Germany ($118M), and South Korea ($63.3M).

Imports: In 2018 the top importers of Other Knit Clothing Accessories were United States ($357M), Germany ($191M), Vietnam ($155M), Japan ($122M), and France ($113M).

Tariffs: In 2018 the average tariff for Other Knit Clothing Accessories was 22.9%, making it the 75th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Knit Clothing Accessories are Iran (100%), Syria (73.5%), Bolivia (38.4%), Finland (35%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Ranking: Other Knit Clothing Accessories ranks 893rd in the Product Complexity Index (PCI).

Description: Made-up clothing accessories are used to make other products, such as gloves, hats, and scarves. Made-up clothing accessories can be made from a variety of materials, including cotton, wool, silk, and polyester.

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.65B

Top Destination (2018): United States, $357M

Other Knit Clothing Accessories are the world's 626th most traded product.

In 2018, the top exporters of Other Knit Clothing Accessories were China ($1.65B), Italy ($184M), United States ($140M), Germany ($118M), and South Korea ($63.3M).

In 2018, the top importers of Other Knit Clothing Accessories were United States ($357M), Germany ($191M), Vietnam ($155M), Japan ($122M), and France ($113M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $235M

Top Destination Growth (2017 - 2018): Honduras, $70.4M

Between 2017 and 2018, the exports of Other Knit Clothing Accessories grew the fastest in China ($235M), United States ($111M), Chinese Taipei ($21.9M), Netherlands ($15.3M), and France ($13.7M).

Between 2017 and 2018, the fastest growing importers of Other Knit Clothing Accessories were Honduras ($70.4M), South Korea ($42.9M), Burma ($41.7M), Japan ($41M), and Hong Kong ($35.5M).

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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 Other Knit Clothing Accessories.

In 2018,  market concentration measured using Shannon Entropy, was 3.26. This means that most of the exports of Other Knit Clothing Accessories are explained by 9 countries.

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TOP NET EXPORTER (2018): China, $1.62B

TOP NET IMPORTER (2018): United States, $217M

This map shows which countries export or import more of Other Knit Clothing Accessories. Each country is colored based on the difference in exports and imports of Other Knit Clothing Accessories during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Other Knit Clothing Accessories were China ($1.62B), Italy ($111M), Turkey ($50.5M), Chinese Taipei ($47M), and India ($4.21M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Knit Clothing Accessories were United States ($217M), Vietnam ($129M), Japan ($111M), Cambodia ($83.1M), and Germany ($73.2M).

Disaggregation

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Value

In 2018, the world most traded Other Knit Clothing Accessories, disaggragated by their HS6 level were Shawls, scarves, veils etc, textile material,... ($1.4B), Clothing accessories nes, of textile material,... ($827M), Parts of garments, accessories, textile material,... ($788M), and Ties, bow ties and cravats, of... ($1.45k)

Import Tariffs

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In 2018, the average tariff for importing Other Knit Clothing Accessories was 22.9%.  The countries with the highest tariffs for importing Other Knit Clothing Accessories were Iran (100%), Syria (73.5%), Bolivia (38.4%), Finland (35%), and Sudan (35%).

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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.