Unprocessed Synthetic Staple Fibers5503 (Harmonized System 1992 for 4-digit)
World Trade (2018): $8.51B, Rnk 369 / 1225
Top Exporter (2018): $1.45B, China
Top Importer (2018): $890M, United States
Product Complexity (2018): 0.24, Rnk 457 / 1018
Export Growth (CAGR)(2017 - 2018): 19.7%, Rnk 342 / 1225
Mean Tariff (2018): 4.41%, Rnk 927 / 1259
Share of World Trade (2018): 0.046%, Rnk 369 / 1225
Overview: This page contains the latest trade data of Unprocessed Synthetic Staple Fibers. In 2018, Unprocessed Synthetic Staple Fibers were the world's 369th most traded product, with a total trade of $8.51B. Between 2017 and 2018 the exports of Unprocessed Synthetic Staple Fibers grew by 19.7%, from $7.11B to $8.51B. Trade in Unprocessed Synthetic Staple Fibers represent 0.046% of total world trade.
Exports: In 2018 the top exporters of Unprocessed Synthetic Staple Fibers were China ($1.45B), South Korea ($1.4B), Chinese Taipei ($646M), Thailand ($602M), and Japan ($489M).
Imports: In 2018 the top importers of Unprocessed Synthetic Staple Fibers were United States ($890M), China ($880M), Germany ($607M), Vietnam ($449M), and Turkey ($411M).
Tariffs: In 2018 the average tariff for Unprocessed Synthetic Staple Fibers was 4.41%, been the 927 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Unprocessed Synthetic Staple Fibers are Bahamas (40.2%), Cuba (14.7%), Maldives (14.6%), Mauritania (13%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Unprocessed Synthetic Staple Fibers ranks 457th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $1.45B
Top Destination (2018): United States, $890M
Unprocessed Synthetic Staple Fibers are the world's 369th most traded product.
In 2018, the top exporters of Unprocessed Synthetic Staple Fibers were China ($1.45B), South Korea ($1.4B), Chinese Taipei ($646M), Thailand ($602M), and Japan ($489M).
In 2018, the top importers of Unprocessed Synthetic Staple Fibers were United States ($890M), China ($880M), Germany ($607M), Vietnam ($449M), and Turkey ($411M).
Trade by country
Top Origin Growth (2017 - 2018): Thailand, $256M
Top Destination Growth (2017 - 2018): Vietnam, $251M
Between 2017 and 2018, the exports of Unprocessed Synthetic Staple Fibers grew the fastest in Thailand ($256M), South Korea ($220M), China ($195M), Chinese Taipei ($178M), and Belgium-Luxembourg ($141M).
Between 2017 and 2018, the fastest growing importers of Unprocessed Synthetic Staple Fibers were Vietnam ($251M), China ($154M), United States ($103M), Bangladesh ($100M), and Indonesia ($61.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Unprocessed Synthetic Staple Fibers.
In 2018, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Unprocessed Synthetic Staple Fibers are explained by 19 countries.
TOP NET EXPORTER (2018): South Korea, $1.35B
TOP NET IMPORTER (2018): United States, $563M
This map shows which countries export or import more of Unprocessed Synthetic Staple Fibers. Each country is colored based on the difference in exports and imports of Unprocessed Synthetic Staple Fibers during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Unprocessed Synthetic Staple Fibers were South Korea ($1.35B), Chinese Taipei ($584M), China ($569M), Thailand ($474M), and Japan ($321M).
In 2018, the countries that had a largest trade value in imports than in exports of Unprocessed Synthetic Staple Fibers were United States ($563M), Vietnam ($295M), Italy ($253M), Turkey ($252M), and Mexico ($197M).
In 2018, the average tariff for importing Unprocessed Synthetic Staple Fibers was 4.41%. The countries with the highest tariffs for importing Unprocessed Synthetic Staple Fibers were Bahamas (40.2%), Cuba (14.7%), Maldives (14.6%), Mauritania (13%), and Aruba (12%).
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.
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