HS Icon Other Knit Garments

6114 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.01B, Rnk 425 / 1225

Top Exporter (2018): $1.89B, China

Top Importer (2018): $1.33B, United States

Export Growth (CAGR)(2017 - 2018): 7.44%, Rnk 880 / 1225

Mean Tariff (2018): 23.8%, Rnk 58 / 1259

Share of World Trade (2018): 0.038%, Rnk 425 / 1225

Overview:  This page contains the latest trade data of Other Knit Garments. In 2018, Other Knit Garments were the world's 425th most traded product, with a total trade of $7.01B. Between 2017 and 2018 the exports of Other Knit Garments grew by 7.44%, from  $6.53B to $7.01B. Trade in Other Knit Garments represent 0.038% of total world trade.

Exports: In 2018 the top exporters of Other Knit Garments  were China ($1.89B), Spain ($396M), Vietnam ($385M), India ($376M), and Italy ($351M).

Imports: In 2018 the top importers of Other Knit Garments were United States ($1.33B), Germany ($815M), United Kingdom ($400M), France ($344M), and Italy ($320M).

Tariffs: In 2018 the average tariff for Other Knit Garments was 23.8%, been the 58 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Knit Garments are Iran (100%), Syria (73.5%), Bolivia (38.4%), South Africa (36.3%), and Turkmenistan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Sri Lanka (0%), Maldives (0%), and Singapore (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $1.89B

Top Destination (2018): United States, $1.33B

Other Knit Garments are the world's 425th most traded product.

In 2018, the top exporters of Other Knit Garments were China ($1.89B), Spain ($396M), Vietnam ($385M), India ($376M), and Italy ($351M).

In 2018, the top importers of Other Knit Garments were United States ($1.33B), Germany ($815M), United Kingdom ($400M), France ($344M), and Italy ($320M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Spain, $220M

Top Destination Growth (2017 - 2018): Italy, $168M

Between 2017 and 2018, the exports of Other Knit Garments grew the fastest in Spain ($220M), India ($145M), Poland ($125M), Germany ($82.5M), and United Arab Emirates ($67.8M).

Between 2017 and 2018, the fastest growing importers of Other Knit Garments were Italy ($168M), United Kingdom ($95.7M), France ($72.7M), Switzerland ($59.9M), and Canada ($52.4M).

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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 Garments.

In 2018,  market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Other Knit Garments are explained by 23 countries.

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TOP NET EXPORTER (2018): China, $1.8B

TOP NET IMPORTER (2018): United States, $1.24B

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Knit Garments were China ($1.8B), India ($365M), Vietnam ($363M), Bangladesh ($320M), and Cambodia ($188M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Knit Garments were United States ($1.24B), Germany ($486M), United Kingdom ($237M), South Korea ($170M), and Canada ($165M).

Trade Forecasts

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This section shows forecasts for total trade for Other Knit Garments. 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 Other Knit Garments was 23.8%.  The countries with the highest tariffs for importing Other Knit Garments were Iran (100%), Syria (73.5%), Bolivia (38.4%), South Africa (36.3%), and Turkmenistan (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.