HS Icon Pullovers, cardigans etc of cotton, knit

611020 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $25.2B, Rnk 102 / 4648

2019
Top Exporter | Top Importer
: $6.71B | $6.67B, China | United States

2019
Product Complexity
: -1.93, Rnk 4662 / 4826

2018
Mean Tariff
: 23.9%, Rnk 321 / 6538

 2019
Share of World Trade
: 0.14%, Rnk 102 / 4648

Exports: In 2019 the top exporters of Pullovers, cardigans etc of cotton, knit  were China ($6.71B), Bangladesh ($2.88B), Vietnam ($2.16B), Germany ($1.19B), and Turkey ($1.14B).

Imports: In 2019 the top importers of Pullovers, cardigans etc of cotton, knit were United States ($6.67B), Germany ($2.38B), Japan ($1.33B), United Kingdom ($1.33B), and France ($1.24B).

Tariffs: In 2018 the average tariff for Pullovers, cardigans etc of cotton, knit was 23.9%, making it the 321st lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Pullovers, cardigans etc of cotton, knit are Iran (100%), Syria (73.5%), Turkmenistan (50%), South Africa (40.8%), and Bolivia (38.3%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: Pullovers, cardigans etc of cotton, knit ranks 4662nd in the Product Complexity Index (PCI).

Description: Pullovers, cardigans and sweaters are all a type of knitwear that is typically made from cotton. This type of knitwear is typically loose and comfortable which makes it a popular choice for layering items for warmth.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $6.71B

Top Destination (2019): United States, $6.67B

Pullovers, cardigans etc of cotton, knit are the world's 102nd most traded product.

In 2019, the top exporters of Pullovers, cardigans etc of cotton, knit were China ($6.71B), Bangladesh ($2.88B), Vietnam ($2.16B), Germany ($1.19B), and Turkey ($1.14B).

In 2019, the top importers of Pullovers, cardigans etc of cotton, knit were United States ($6.67B), Germany ($2.38B), Japan ($1.33B), United Kingdom ($1.33B), and France ($1.24B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $408M

Top Destination Growth (2018 - 2019): United States, $563M

Between 2018 and 2019, the exports of Pullovers, cardigans etc of cotton, knit grew the fastest in Vietnam ($408M), Honduras ($298M), China ($295M), Italy ($175M), and Bangladesh ($174M).

Between 2018 and 2019, the fastest growing importers of Pullovers, cardigans etc of cotton, knit were United States ($563M), Chinese Taipei ($257M), Japan ($190M), Philippines ($147M), and Switzerland ($138M).

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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 Pullovers, cardigans etc of cotton, knit.

In 2019,  market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Pullovers, cardigans etc of cotton, knit are explained by 19 countries.

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TOP NET EXPORTER (2019): China, $6.3B

TOP NET IMPORTER (2019): United States, $6.49B

This map shows which countries export or import more of Pullovers, cardigans etc of cotton, knit. Each country is colored based on the difference in exports and imports of Pullovers, cardigans etc of cotton, knit during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Pullovers, cardigans etc of cotton, knit were China ($6.3B), Bangladesh ($2.88B), Vietnam ($2.13B), Cambodia ($1.13B), and Turkey ($1.06B).

In 2019, the countries that had a largest trade value in imports than in exports of Pullovers, cardigans etc of cotton, knit were United States ($6.49B), Japan ($1.29B), Germany ($1.18B), United Kingdom ($955M), and France ($724M).

Import Tariffs

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In 2018, the average tariff for importing Pullovers, cardigans etc of cotton, knit was 23.9%.  The countries with the highest tariffs for importing Pullovers, cardigans etc of cotton, knit were Iran (100%), Syria (73.5%), Turkmenistan (50%), South Africa (40.8%), and Bolivia (38.3%).

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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.