HS Icon Track suits, synthetic fibres, knit

611212 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $663M, Rnk 2454 / 4648

2019
Top Exporter | Top Importer
: $152M | $65.4M, China | Germany

2019
Product Complexity
: -1.39, Rnk 4323 / 4826

2018 - 2019
Export Growth (CAGR)
: 10.3%, Rnk 415 / 4648

2018
Mean Tariff
: 22.8%, Rnk 422 / 6538

 2019
Share of World Trade
: 0.0037%, Rnk 2454 / 4648

Overview:  This page contains the latest trade data of Track suits, synthetic fibres, knit. In 2019, Track suits, synthetic fibres, knit were the world's 2454th most traded product, with a total trade of $663M. Between 2018 and 2019 the exports of Track suits, synthetic fibres, knit grew by 10.3%, from  $601M to $663M. Trade in Track suits, synthetic fibres, knit represent 0.0037% of total world trade.

Exports: In 2019 the top exporters of Track suits, synthetic fibres, knit  were China ($152M), Cambodia ($86.6M), Vietnam ($56.6M), Belgium ($49.1M), and Germany ($47.6M).

Imports: In 2019 the top importers of Track suits, synthetic fibres, knit were Germany ($65.4M), France ($62M), United Kingdom ($57.5M), Italy ($50.4M), and Spain ($45M).

Tariffs: In 2018 the average tariff for Track suits, synthetic fibres, knit was 22.8%, making it the 422nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Track suits, synthetic fibres, knit are Iran (100%), Syria (73.5%), South Africa (40.8%), Bolivia (38.5%), and Finland (35%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: Track suits, synthetic fibres, knit ranks 4323rd in the Product Complexity Index (PCI).

Description: Track suits are a type of athletic clothing which is typically made of synthetic fibres and is usually worn as leisurewear. Knit clothing is a type of fabric which is made by interlooping the yarn and looping it again and again.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $152M

Top Destination (2019): Germany, $65.4M

Track suits, synthetic fibres, knit are the world's 2454th most traded product.

In 2019, the top exporters of Track suits, synthetic fibres, knit were China ($152M), Cambodia ($86.6M), Vietnam ($56.6M), Belgium ($49.1M), and Germany ($47.6M).

In 2019, the top importers of Track suits, synthetic fibres, knit were Germany ($65.4M), France ($62M), United Kingdom ($57.5M), Italy ($50.4M), and Spain ($45M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Vietnam, $18.6M

Top Destination Growth (2018 - 2019): United Kingdom, $13.9M

Between 2018 and 2019, the exports of Track suits, synthetic fibres, knit grew the fastest in Vietnam ($18.6M), Bangladesh ($15.5M), Thailand ($9.08M), Turkey ($8.7M), and France ($6.59M).

Between 2018 and 2019, the fastest growing importers of Track suits, synthetic fibres, knit were United Kingdom ($13.9M), Germany ($9.23M), Spain ($8.54M), United States ($6.97M), and Italy ($6.89M).

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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 Track suits, synthetic fibres, knit.

In 2019,  market concentration measured using Shannon Entropy, was 4.08. This means that most of the exports of Track suits, synthetic fibres, knit are explained by 16 countries.

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TOP NET EXPORTER (2019): China, $148M

TOP NET IMPORTER (2019): United Kingdom, $49.2M

This map shows which countries export or import more of Track suits, synthetic fibres, knit. Each country is colored based on the difference in exports and imports of Track suits, synthetic fibres, knit during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Track suits, synthetic fibres, knit were China ($148M), Cambodia ($86.5M), Vietnam ($56.4M), Bangladesh ($42.5M), and Turkey ($26M).

In 2019, the countries that had a largest trade value in imports than in exports of Track suits, synthetic fibres, knit were United Kingdom ($49.2M), France ($39.7M), United States ($36.5M), Spain ($35.5M), and South Korea ($31.3M).

Import Tariffs

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In 2018, the average tariff for importing Track suits, synthetic fibres, knit was 22.8%.  The countries with the highest tariffs for importing Track suits, synthetic fibres, knit were Iran (100%), Syria (73.5%), South Africa (40.8%), Bolivia (38.5%), and Finland (35%).

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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.