HS Icon Woven Fabric of Synthetic Staple Fibers

5516 (Harmonized System 1992 for 4-digit)

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.

Exporters and Importers

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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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $238M

Top Destination Growth (2018 - 2019): Brazil, $49.2M

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).

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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 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.

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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).

Disaggregation

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Value

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)

Import Tariffs

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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%).

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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.

Country by Relatedness

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The following visualization shows the relatedness of Woven Fabric of Synthetic Staple Fibers to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.