HS Icon Textile Fiber Machinery

8445 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $3.4B, Rnk 598 / 1217

2019
Top Exporter | Top Importer
: $844M | $778M, Germany | China

2019
Product Complexity
: 1.09, Rnk 125 / 961

2018 - 2019
Export Growth (CAGR)
: -28.4%, Rnk 1187 / 1217

2018
Mean Tariff
: 3.91%, Rnk 1013 / 1259

 2019
Share of World Trade
: 0.019%, Rnk 598 / 1217

Overview:  This page contains the latest trade data of Textile Fiber Machinery. In 2019, Textile Fiber Machinery were the world's 598th most traded product, with a total trade of $3.4B. Between 2018 and 2019 the exports of Textile Fiber Machinery decreased by -28.4%, from  $4.75B to $3.4B. Trade in Textile Fiber Machinery represent 0.019% of total world trade.

Exports: In 2019 the top exporters of Textile Fiber Machinery  were Germany ($844M), China ($592M), Japan ($511M), Italy ($366M), and India ($237M).

Imports: In 2019 the top importers of Textile Fiber Machinery were China ($778M), Vietnam ($341M), Uzbekistan ($302M), Pakistan ($249M), and India ($229M).

Tariffs: In 2018 the average tariff for Textile Fiber Machinery was 3.91%, making it the 1013th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Textile Fiber Machinery are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), and Romania (12.9%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Textile Fiber Machinery ranks 125th in the Product Complexity Index (PCI).

Description: Textile machines are used to make yarns for the production of other goods. They can be made from a variety of materials, including cotton, wool, silk, and polyester.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $844M

Top Destination (2019): China, $778M

Textile Fiber Machinery are the world's 598th most traded product.

In 2019, the top exporters of Textile Fiber Machinery were Germany ($844M), China ($592M), Japan ($511M), Italy ($366M), and India ($237M).

In 2019, the top importers of Textile Fiber Machinery were China ($778M), Vietnam ($341M), Uzbekistan ($302M), Pakistan ($249M), and India ($229M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Arab Emirates, $12.6M

Top Destination Growth (2018 - 2019): Pakistan, $69.8M

Between 2018 and 2019, the exports of Textile Fiber Machinery grew the fastest in United Arab Emirates ($12.6M), Turkey ($11.2M), Hong Kong ($7.61M), Denmark ($5.84M), and United States ($2.72M).

Between 2018 and 2019, the fastest growing importers of Textile Fiber Machinery were Pakistan ($69.8M), Nicaragua ($17.9M), Ethiopia ($16.6M), United Arab Emirates ($16.1M), and Russia ($11.8M).

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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 Textile Fiber Machinery.

In 2019,  market concentration measured using Shannon Entropy, was 3.5. This means that most of the exports of Textile Fiber Machinery are explained by 11 countries.

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TOP NET EXPORTER (2019): Germany, $806M

TOP NET IMPORTER (2019): Vietnam, $339M

This map shows which countries export or import more of Textile Fiber Machinery. Each country is colored based on the difference in exports and imports of Textile Fiber Machinery during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Textile Fiber Machinery were Germany ($806M), Japan ($494M), Italy ($328M), Switzerland ($156M), and France ($70.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Textile Fiber Machinery were Vietnam ($339M), Uzbekistan ($301M), Pakistan ($248M), China ($187M), and Turkey ($146M).

Disaggregation

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Value

In 2019, the world most traded Textile Fiber Machinery, disaggragated by their HS6 level were Textile yarn winding or reeling machines ($1B), Textile yarn spinning machines ($905M), Textile fibre preparing machines nes ($374M), Machinery for producing or preparing textile... ($320M), and Textile fibre carding machines ($318M)

Import Tariffs

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In 2018, the average tariff for importing Textile Fiber Machinery was 3.91%.  The countries with the highest tariffs for importing Textile Fiber Machinery were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (15%), 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.