HS Icon T-shirts, singlets and other vests, of cotton, knit

610910 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $31.3B, Rnk 80 / 4648

2019
Top Exporter | Top Importer
: $6.07B | $4.96B, Bangladesh | United States

2019
Product Complexity
: -2.01, Rnk 4690 / 4826

2018 - 2019
Export Growth (CAGR)
: 3.82%, Rnk 899 / 4648

2018
Mean Tariff
: 25.1%, Rnk 206 / 6538

 2019
Share of World Trade
: 0.17%, Rnk 80 / 4648

Overview:  This page contains the latest trade data of T-shirts, singlets and other vests, of cotton, knit. In 2019, T-shirts, singlets and other vests, of cotton, knit were the world's 80th most traded product, with a total trade of $31.3B. Between 2018 and 2019 the exports of T-shirts, singlets and other vests, of cotton, knit grew by 3.82%, from  $30.1B to $31.3B. Trade in T-shirts, singlets and other vests, of cotton, knit represent 0.17% of total world trade.

Exports: In 2019 the top exporters of T-shirts, singlets and other vests, of cotton, knit  were Bangladesh ($6.07B), China ($3.65B), India ($2.06B), Turkey ($1.82B), and Germany ($1.57B).

Imports: In 2019 the top importers of T-shirts, singlets and other vests, of cotton, knit were United States ($4.96B), Germany ($3.16B), United Kingdom ($1.92B), France ($1.85B), and Spain ($1.62B).

Tariffs: In 2018 the average tariff for T-shirts, singlets and other vests, of cotton, knit was 25.1%, making it the 206th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for T-shirts, singlets and other vests, of cotton, knit are Iran (100%), Syria (73.5%), Barbados (64.8%), Turkmenistan (50%), and South Africa (40.8%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: T-shirts, singlets and other vests, of cotton, knit ranks 4690th in the Product Complexity Index (PCI).

Description: T-shirts, singlets and other vests are cotton knit. The common uses are for everyday wear and are a light fabric which is also breathable.

Exporters and Importers

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Trade By Country

Top Origin (2019): Bangladesh, $6.07B

Top Destination (2019): United States, $4.96B

T-shirts, singlets and other vests, of cotton, knit are the world's 80th most traded product.

In 2019, the top exporters of T-shirts, singlets and other vests, of cotton, knit were Bangladesh ($6.07B), China ($3.65B), India ($2.06B), Turkey ($1.82B), and Germany ($1.57B).

In 2019, the top importers of T-shirts, singlets and other vests, of cotton, knit were United States ($4.96B), Germany ($3.16B), United Kingdom ($1.92B), France ($1.85B), and Spain ($1.62B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Italy, $174M

Top Destination Growth (2018 - 2019): United States, $162M

Between 2018 and 2019, the exports of T-shirts, singlets and other vests, of cotton, knit grew the fastest in Italy ($174M), Bangladesh ($170M), Vietnam ($157M), India ($155M), and United States ($90.4M).

Between 2018 and 2019, the fastest growing importers of T-shirts, singlets and other vests, of cotton, knit were United States ($162M), Japan ($145M), Nigeria ($108M), Italy ($98.7M), and United Kingdom ($94.7M).

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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 T-shirts, singlets and other vests, of cotton, knit.

In 2019,  market concentration measured using Shannon Entropy, was 4.7. This means that most of the exports of T-shirts, singlets and other vests, of cotton, knit are explained by 26 countries.

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TOP NET EXPORTER (2019): Bangladesh, $6.06B

TOP NET IMPORTER (2019): United States, $4.43B

This map shows which countries export or import more of T-shirts, singlets and other vests, of cotton, knit. Each country is colored based on the difference in exports and imports of T-shirts, singlets and other vests, of cotton, knit during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of T-shirts, singlets and other vests, of cotton, knit were Bangladesh ($6.06B), China ($3.05B), India ($2.01B), Turkey ($1.7B), and Vietnam ($1.27B).

In 2019, the countries that had a largest trade value in imports than in exports of T-shirts, singlets and other vests, of cotton, knit were United States ($4.43B), Germany ($1.6B), United Kingdom ($1.37B), Japan ($1.35B), and France ($1.12B).

Import Tariffs

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In 2018, the average tariff for importing T-shirts, singlets and other vests, of cotton, knit was 25.1%.  The countries with the highest tariffs for importing T-shirts, singlets and other vests, of cotton, knit were Iran (100%), Syria (73.5%), Barbados (64.8%), Turkmenistan (50%), and South Africa (40.8%).

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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.