HS Icon Synthetic Filament Yarn Woven Fabric

5407 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $25.1B, Rnk 150 / 1217

2019
Top Exporter | Top Importer
: $12B | $2.24B, China | Vietnam

2019
Product Complexity
: -0.089, Rnk 553 / 961

2018 - 2019
Export Growth (CAGR)
: 0.11%, Rnk 387 / 1217

2018
Mean Tariff
: 13.9%, Rnk 237 / 1259

 2019
Share of World Trade
: 0.14%, Rnk 150 / 1217

Overview:  This page contains the latest trade data of Synthetic Filament Yarn Woven Fabric. In 2019, Synthetic Filament Yarn Woven Fabric were the world's 150th most traded product, with a total trade of $25.1B. Between 2018 and 2019 the exports of Synthetic Filament Yarn Woven Fabric grew by 0.11%, from  $25.1B to $25.1B. Trade in Synthetic Filament Yarn Woven Fabric represent 0.14% of total world trade.

Exports: In 2019 the top exporters of Synthetic Filament Yarn Woven Fabric  were China ($12B), Chinese Taipei ($1.66B), South Korea ($1.61B), India ($1.1B), and Japan ($1.07B).

Imports: In 2019 the top importers of Synthetic Filament Yarn Woven Fabric were Vietnam ($2.24B), China ($1.13B), Indonesia ($1.01B), Bangladesh ($992M), and United Arab Emirates ($930M).

Tariffs: In 2018 the average tariff for Synthetic Filament Yarn Woven Fabric was 13.9%, making it the 237th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Synthetic Filament Yarn Woven Fabric are Iran (65.3%), Sudan (35%), Ethiopia (34.7%), Uzbekistan (28.6%), and Bahamas (26.8%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Lebanon (0%), Singapore (0%), and Switzerland (0%).

Ranking: Synthetic Filament Yarn Woven Fabric ranks 553rd in the Product Complexity Index (PCI).

Description: Synthetic filament yarn is used in clothing, upholstery, and carpeting.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $12B

Top Destination (2019): Vietnam, $2.24B

Synthetic Filament Yarn Woven Fabric are the world's 150th most traded product.

In 2019, the top exporters of Synthetic Filament Yarn Woven Fabric were China ($12B), Chinese Taipei ($1.66B), South Korea ($1.61B), India ($1.1B), and Japan ($1.07B).

In 2019, the top importers of Synthetic Filament Yarn Woven Fabric were Vietnam ($2.24B), China ($1.13B), Indonesia ($1.01B), Bangladesh ($992M), and United Arab Emirates ($930M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): India, $206M

Top Destination Growth (2018 - 2019): United Arab Emirates, $188M

Between 2018 and 2019, the exports of Synthetic Filament Yarn Woven Fabric grew the fastest in India ($206M), China ($122M), United Arab Emirates ($69.3M), Egypt ($51M), and Japan ($30.9M).

Between 2018 and 2019, the fastest growing importers of Synthetic Filament Yarn Woven Fabric were United Arab Emirates ($188M), Afghanistan ($157M), Saudi Arabia ($139M), Myanmar ($137M), and Bangladesh ($96.1M).

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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 Synthetic Filament Yarn Woven Fabric.

In 2019,  market concentration measured using Shannon Entropy, was 3.4. This means that most of the exports of Synthetic Filament Yarn Woven Fabric are explained by 10 countries.

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TOP NET EXPORTER (2019): China, $10.8B

TOP NET IMPORTER (2019): Vietnam, $1.86B

This map shows which countries export or import more of Synthetic Filament Yarn Woven Fabric. Each country is colored based on the difference in exports and imports of Synthetic Filament Yarn Woven Fabric during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Synthetic Filament Yarn Woven Fabric were China ($10.8B), Chinese Taipei ($1.57B), South Korea ($1.42B), Japan ($769M), and India ($681M).

In 2019, the countries that had a largest trade value in imports than in exports of Synthetic Filament Yarn Woven Fabric were Vietnam ($1.86B), Bangladesh ($989M), Myanmar ($669M), Indonesia ($603M), and Mexico ($508M).

Disaggregation

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Value

In 2019, the world most traded Synthetic Filament Yarn Woven Fabric, disaggragated by their HS6 level were Woven fabric >85% textured polyester, dyed,... ($6.67B), Woven fabric >85% non-textured polyester filament,... ($4.59B), Woven fabric >85% synthetic filament, dyed,... ($2.12B), Woven fabric >85% textured polyester, printed,... ($2.09B), and Woven fabric >85% nylon, polyamide, dyed,... ($1.53B)

Import Tariffs

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In 2018, the average tariff for importing Synthetic Filament Yarn Woven Fabric was 13.9%.  The countries with the highest tariffs for importing Synthetic Filament Yarn Woven Fabric were Iran (65.3%), Sudan (35%), Ethiopia (34.7%), Uzbekistan (28.6%), and Bahamas (26.8%).

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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.