HS Icon Processed Artificial Staple Fibers

5507 (Harmonized System 1992 for 4-digit)

World Trade (2018): $36M, Rnk 1204 / 1225

Top Exporter (2018): $7.73M, China

Top Importer (2018): $3.26M, Italy

Export Growth (CAGR)(2017 - 2018): 6.42%, Rnk 917 / 1225

Mean Tariff (2018): 4.43%, Rnk 920 / 1259

Share of World Trade (2018): 0.0002%, Rnk 1204 / 1225

Overview:  This page contains the latest trade data of Processed Artificial Staple Fibers. In 2018, Processed Artificial Staple Fibers were the world's 1204th most traded product, with a total trade of $36M. Between 2017 and 2018 the exports of Processed Artificial Staple Fibers grew by 6.42%, from  $33.8M to $36M. Trade in Processed Artificial Staple Fibers represent 0.0002% of total world trade.

Exports: In 2018 the top exporters of Processed Artificial Staple Fibers  were China ($7.73M), Germany ($6.03M), France ($5.78M), Austria ($5.07M), and United Arab Emirates ($2.85M).

Imports: In 2018 the top importers of Processed Artificial Staple Fibers were Italy ($3.26M), Belgium-Luxembourg ($2.98M), Czechia ($2.5M), Saudi Arabia ($1.93M), and Bulgaria ($1.79M).

Tariffs: In 2018 the average tariff for Processed Artificial Staple Fibers was 4.43%, been the 920 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Processed Artificial Staple Fibers are Bahamas (40.2%), Cuba (14.7%), Maldives (14.6%), Mauritania (13%), and Romania (12.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $7.73M

Top Destination (2018): Italy, $3.26M

Processed Artificial Staple Fibers are the world's 1204th most traded product.

In 2018, the top exporters of Processed Artificial Staple Fibers were China ($7.73M), Germany ($6.03M), France ($5.78M), Austria ($5.07M), and United Arab Emirates ($2.85M).

In 2018, the top importers of Processed Artificial Staple Fibers were Italy ($3.26M), Belgium-Luxembourg ($2.98M), Czechia ($2.5M), Saudi Arabia ($1.93M), and Bulgaria ($1.79M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $1.5M

Top Destination Growth (2017 - 2018): Saudi Arabia, $1.83M

Between 2017 and 2018, the exports of Processed Artificial Staple Fibers grew the fastest in China ($1.5M), Austria ($936k), Spain ($884k), France ($865k), and Turkey ($677k).

Between 2017 and 2018, the fastest growing importers of Processed Artificial Staple Fibers were Saudi Arabia ($1.83M), Egypt ($1.27M), India ($834k), Czechia ($828k), and Italy ($672k).

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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 Processed Artificial Staple Fibers.

In 2018,  market concentration measured using Shannon Entropy, was 3.34. This means that most of the exports of Processed Artificial Staple Fibers are explained by 10 countries.

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TOP NET EXPORTER (2018): China, $6.26M

TOP NET IMPORTER (2018): Belgium-Luxembourg, $2.95M

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

In 2018, the countries that had a largest trade value in exports than in imports of Processed Artificial Staple Fibers were China ($6.26M), France ($5.7M), Germany ($5.51M), Austria ($3.58M), and United Arab Emirates ($2.85M).

In 2018, the countries that had a largest trade value in imports than in exports of Processed Artificial Staple Fibers were Belgium-Luxembourg ($2.95M), Czechia ($2.21M), South Africa ($1.59M), Bulgaria ($1.57M), and Italy ($1.54M).

Import Tariffs

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In 2018, the average tariff for importing Processed Artificial Staple Fibers was 4.43%.  The countries with the highest tariffs for importing Processed Artificial Staple Fibers were Bahamas (40.2%), Cuba (14.7%), Maldives (14.6%), Mauritania (13%), and Romania (12.9%).

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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.