HS Icon Processed Synthetic Staple Fibers

5506 (Harmonized System 1992 for 4-digit)

World Trade (2018): $393M, Rnk 1070 / 1225

Top Exporter (2018): $47.9M, Japan

Top Importer (2018): $41.9M, Senegal

Export Growth (CAGR)(2017 - 2018): 18.5%, Rnk 370 / 1225

Mean Tariff (2018): 3.79%, Rnk 1041 / 1259

Share of World Trade (2018): 0.0021%, Rnk 1070 / 1225

Overview:  This page contains the latest trade data of Processed Synthetic Staple Fibers. In 2018, Processed Synthetic Staple Fibers were the world's 1070th most traded product, with a total trade of $393M. Between 2017 and 2018 the exports of Processed Synthetic Staple Fibers grew by 18.5%, from  $332M to $393M. Trade in Processed Synthetic Staple Fibers represent 0.0021% of total world trade.

Exports: In 2018 the top exporters of Processed Synthetic Staple Fibers  were Japan ($47.9M), China ($41.4M), Germany ($34.9M), Senegal ($34.6M), and Turkey ($32.5M).

Imports: In 2018 the top importers of Processed Synthetic Staple Fibers were Senegal ($41.9M), United States ($37.3M), Turkey ($21.7M), Burma ($21.5M), and Italy ($19.3M).

Tariffs: In 2018 the average tariff for Processed Synthetic Staple Fibers was 3.79%, been the 1041 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Processed Synthetic Staple Fibers are Bahamas (40.2%), Paraguay (15.4%), Uruguay (15.4%), Argentina (15.4%), and Venezuela (15.4%). 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): Japan, $47.9M

Top Destination (2018): Senegal, $41.9M

Processed Synthetic Staple Fibers are the world's 1070th most traded product.

In 2018, the top exporters of Processed Synthetic Staple Fibers were Japan ($47.9M), China ($41.4M), Germany ($34.9M), Senegal ($34.6M), and Turkey ($32.5M).

In 2018, the top importers of Processed Synthetic Staple Fibers were Senegal ($41.9M), United States ($37.3M), Turkey ($21.7M), Burma ($21.5M), and Italy ($19.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): France, $7.82M

Top Destination Growth (2017 - 2018): Burma, $16M

Between 2017 and 2018, the exports of Processed Synthetic Staple Fibers grew the fastest in France ($7.82M), Chinese Taipei ($7.3M), United States ($6.95M), Netherlands ($5.74M), and China ($4.8M).

Between 2017 and 2018, the fastest growing importers of Processed Synthetic Staple Fibers were Burma ($16M), Italy ($9.53M), Portugal ($6.63M), Morocco ($6.11M), and United States ($3.87M).

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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 Synthetic Staple Fibers.

In 2018,  market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Processed Synthetic Staple Fibers are explained by 20 countries.

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TOP NET EXPORTER (2018): Japan, $44.8M

TOP NET IMPORTER (2018): Burma, $21.4M

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

In 2018, the countries that had a largest trade value in exports than in imports of Processed Synthetic Staple Fibers were Japan ($44.8M), China ($26.4M), Germany ($23.9M), Peru ($17.8M), and France ($15.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Processed Synthetic Staple Fibers were Burma ($21.4M), United States ($19.7M), Indonesia ($10.9M), Morocco ($9.48M), and Pakistan ($8.66M).

Import Tariffs

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In 2018, the average tariff for importing Processed Synthetic Staple Fibers was 3.79%.  The countries with the highest tariffs for importing Processed Synthetic Staple Fibers were Bahamas (40.2%), Paraguay (15.4%), Uruguay (15.4%), Argentina (15.4%), and Venezuela (15.4%).

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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.