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420500 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.39BRnk 1275 / 4644
2023
Top Exporter | Top Importer $415M | $281MChina | United States
2023
Product Complexity -0.53Rnk 3268 / 4656
2022 - 2023
Export Growth (CAGR) 1.41%Rnk 1397 / 4644
2023
Share of World Trade 0.011%Rnk 1275 / 4644

About

Overview This page contains the latest trade data of Articles of leather and composition leather, nes. In 2023, Articles of leather and composition leather, nes were the world's 1275th most traded product, with a total trade of $2.39B. Between 2022 and 2023 the exports of Articles of leather and composition leather, nes grew by 1.41%, from $2.36B to $2.39B. Trade in Articles of leather and composition leather, nes represent 0.011% of total world trade.

Articles of leather and composition leather, nes are a part of Other Leather Articles.

Exports In 2023 the top exporters of Articles of leather and composition leather, nes  were China ($415M), Italy ($204M), France ($159M), Hungary ($154M), and Portugal ($142M).

Imports In 2023 the top importers of Articles of leather and composition leather, nes were United States ($281M), Romania ($234M), France ($156M), Italy ($148M), and Turkey ($133M).

Ranking Articles of leather and composition leather, nes ranks 3268th in the Product Complexity Index (PCI).

Description Common uses of articles of leather are in the manufacturing of furniture, such as sofas, chairs, ottomans, or desks. The leather is commonly dyed, treated, or embossed to add a decorative touch. Leather is also used in the manufacturing of shoes, clothing, and accessories. Common uses of composition leather are in the manufacturing of handbags, wallets, shoes, and accessories. Composition leather is typically manufactured with a blend of animal leather and synthetic materials.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Articles of leather and composition leather, nes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$415M
Top Destination (2023)United States$281M

In 2023 Articles of leather and composition leather, nes were the world's 1275th most traded product (out of 4,644).

In 2023, the top exporters of Articles of leather and composition leather, nes were China ($415M), Italy ($204M), France ($159M), Hungary ($154M), and Portugal ($142M).

In 2023, the top importers of Articles of leather and composition leather, nes were United States ($281M), Romania ($234M), France ($156M), Italy ($148M), and Turkey ($133M).

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Exporters of Articles of leather and composition leather, nes (2023)
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Importers of Articles of leather and composition leather, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$54.9M
Top Destination Growth (2022 -  2023)France$47.8M

Between 2022 and 2023, the exports of Articles of leather and composition leather, nes grew the fastest in Italy ($54.9M), Slovakia ($29.8M), Portugal ($25.5M), Tunisia ($18.6M), and Serbia ($17.5M).

Between 2022 and 2023, the fastest growing importers of Articles of leather and composition leather, nes were France ($47.8M), Turkey ($23.4M), Spain ($23.1M), Morocco ($20.9M), and North Macedonia ($20.2M).

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Exporters of Articles of leather and composition leather, nes (2022 - 2023)

Importers of Articles of leather and composition leather, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Articles of leather and composition leather, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.69. This means that most of the exports of Articles of leather and composition leather, nes are explained by 25 countries.

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Value of Exports in Articles of leather and composition leather, nes

Net Trade

TOP NET EXPORTER (2023)China$309M
TOP NET IMPORTER (2023)United States$232M

This map shows which countries export or import more of Articles of leather and composition leather, nes. Each country is colored based on the difference in exports and imports of Articles of leather and composition leather, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Articles of leather and composition leather, nes were China ($309M), Hungary ($117M), Portugal ($111M), Serbia ($69.7M), and Croatia ($58M).

In 2023, the countries that had a largest trade value in imports than in exports of Articles of leather and composition leather, nes were United States ($232M), Romania ($127M), Turkey ($117M), Morocco ($109M), and North Macedonia ($63.2M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Articles of leather and composition leather, nes.
It is possible to select the main countries that export or import Articles of leather and composition leather, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Articles of leather and composition leather, nes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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