Woven Fabric of Synthetic Staple Fibers5516 (Harmonized System 1992 for 4-digit)
2019 World Trade: $4.25B, Rnk 549 / 1217
2019 Top Exporter | Top Importer: $2.78B | $282M, China | Bangladesh
2018 - 2019 Export Growth (CAGR): 4.51%, Rnk 177 / 1217
2018 Mean Tariff: 14.6%, Rnk 216 / 1259
2019 Share of World Trade: 0.023%, Rnk 549 / 1217
Overview: This page contains the latest trade data of Woven Fabric of Synthetic Staple Fibers. In 2019, Woven Fabric of Synthetic Staple Fibers were the world's 549th most traded product, with a total trade of $4.25B. Between 2018 and 2019 the exports of Woven Fabric of Synthetic Staple Fibers grew by 4.51%, from $4.06B to $4.25B. Trade in Woven Fabric of Synthetic Staple Fibers represent 0.023% of total world trade.
Exports: In 2019 the top exporters of Woven Fabric of Synthetic Staple Fibers were China ($2.78B), Italy ($244M), Turkey ($220M), Spain ($196M), and South Korea ($80.7M).
Imports: In 2019 the top importers of Woven Fabric of Synthetic Staple Fibers were Bangladesh ($282M), Vietnam ($239M), Morocco ($234M), Brazil ($225M), and Myanmar ($148M).
Tariffs: In 2018 the average tariff for Woven Fabric of Synthetic Staple Fibers was 14.6%, making it the 216th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Woven Fabric of Synthetic Staple Fibers are Iran (64%), Sudan (35%), Ethiopia (34.7%), Uzbekistan (28.7%), and Bahamas (26.8%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Lebanon (0%), Sri Lanka (0%), and Singapore (0%).
Ranking: Woven Fabric of Synthetic Staple Fibers ranks 672nd in the Product Complexity Index (PCI).
Description: Woven fabrics of artificial staple fibres are commonly used in the production of clothing, home furnishings, and a variety of other products.
Trade By Country
Top Origin (2019): China, $2.78B
Top Destination (2019): Bangladesh, $282M
Woven Fabric of Synthetic Staple Fibers are the world's 549th most traded product.
In 2019, the top exporters of Woven Fabric of Synthetic Staple Fibers were China ($2.78B), Italy ($244M), Turkey ($220M), Spain ($196M), and South Korea ($80.7M).
In 2019, the top importers of Woven Fabric of Synthetic Staple Fibers were Bangladesh ($282M), Vietnam ($239M), Morocco ($234M), Brazil ($225M), and Myanmar ($148M).
Trade by country
Between 2018 and 2019, the exports of Woven Fabric of Synthetic Staple Fibers grew the fastest in China ($238M), United Arab Emirates ($18.2M), Portugal ($12.5M), South Korea ($9.74M), and Chile ($7.16M).
Between 2018 and 2019, the fastest growing importers of Woven Fabric of Synthetic Staple Fibers were Brazil ($49.2M), United Arab Emirates ($36.2M), Myanmar ($29M), Vietnam ($28.1M), and Sudan ($22.5M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Woven Fabric of Synthetic Staple Fibers.
In 2019, market concentration measured using Shannon Entropy, was 2.4. This means that most of the exports of Woven Fabric of Synthetic Staple Fibers are explained by 5 countries.
TOP NET EXPORTER (2019): China, $2.73B
TOP NET IMPORTER (2019): Bangladesh, $281M
This map shows which countries export or import more of Woven Fabric of Synthetic Staple Fibers. Each country is colored based on the difference in exports and imports of Woven Fabric of Synthetic Staple Fibers during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Woven Fabric of Synthetic Staple Fibers were China ($2.73B), Turkey ($138M), Italy ($136M), Spain ($60.1M), and South Korea ($43.9M).
In 2019, the countries that had a largest trade value in imports than in exports of Woven Fabric of Synthetic Staple Fibers were Bangladesh ($281M), Vietnam ($237M), Morocco ($229M), Brazil ($222M), and Myanmar ($148M).
In 2019, the world most traded Woven Fabric of Synthetic Staple Fibers, disaggragated by their HS6 level were Woven fabric <85% artificial staple fibres,... ($1.53B), Woven fabric <85% artificial staple fibres,... ($735M), Woven fabric <85% artificial staple+manmade fibre... ($487M), Woven fabric <85% artif staple fibres,... ($369M), and Woven fabric <85% artificial staples, dyed,... ($229M)
In 2018, the average tariff for importing Woven Fabric of Synthetic Staple Fibers was 14.6%. The countries with the highest tariffs for importing Woven Fabric of Synthetic Staple Fibers were Iran (64%), Sudan (35%), Ethiopia (34.7%), Uzbekistan (28.7%), and Bahamas (26.8%).
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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