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Pricing

Basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading no. 4601; articles of loofah

4602 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.97BRnk 772 / 1217
2023
Top Exporter | Top Importer $750M | $593MChina | United States
2023
Product Complexity -1.28Rnk 927 / 1044
2022 - 2023
Export Growth (CAGR) -21.5%Rnk 1066 / 1217
2023
Share of World Trade 0.0087%Rnk 772 / 1217

About

Overview This page contains the latest trade data of Basketwork. In 2023, Basketwork were the world's 772nd most traded product, with a total trade of $1.97B. Between 2022 and 2023 the exports of Basketwork decreased by -21.5%, from $2.5B to $1.97B. Trade in Basketwork represent 0.0087% of total world trade.

Basketwork are a part of Straw & esparto manufactures. They include Basketwork, wickerwork products of vegetable material and Basketwork and wickerwork products, non-vegetable.

Exports In 2023 the top exporters of Basketwork  were China ($750M), Vietnam ($322M), India ($166M), Indonesia ($98.4M), and Spain ($54.6M).

Imports In 2023 the top importers of Basketwork were United States ($593M), Germany ($152M), France ($108M), Japan ($92.7M), and United Kingdom ($83.3M).

Ranking Basketwork ranks 927th in the Product Complexity Index (PCI).

Description Basketwork is made from plant fibers, such as straw or wicker. It is most often used to make containers for storage or to carry things. Wickerwork is also made from plant fibers, but it is crafted into furniture or other objects. Loofah articles are made from a type of fibrous plant that is typically used in bath sponges.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Basketwork. 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$750M
Top Destination (2023)United States$593M

In 2023 Basketwork were the world's 772nd most traded product (out of 1,217).

In 2023, the top exporters of Basketwork were China ($750M), Vietnam ($322M), India ($166M), Indonesia ($98.4M), and Spain ($54.6M).

In 2023, the top importers of Basketwork were United States ($593M), Germany ($152M), France ($108M), Japan ($92.7M), and United Kingdom ($83.3M).

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Exporters of Basketwork (2023)
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Importers of Basketwork (2023)
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Market Dynamics

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Top Origin Growth (2022 -  2023)Madagascar$17M
Top Destination Growth (2022 -  2023)South Korea$49.6M

Between 2022 and 2023, the exports of Basketwork grew the fastest in Madagascar ($17M), Netherlands ($12.4M), Italy ($12.3M), Spain ($10.1M), and United Arab Emirates ($9.3M).

Between 2022 and 2023, the fastest growing importers of Basketwork were South Korea ($49.6M), Cyprus ($7.29M), Turkey ($4.77M), Kuwait ($3.93M), and Pakistan ($3.53M).

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Exporters of Basketwork (2022 - 2023)

Importers of Basketwork (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Basketwork.

In 2023, market concentration measured using Shannon Entropy, was 3.57. This means that most of the exports of Basketwork are explained by 11 countries.

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Value of Exports in Basketwork

Net Trade

TOP NET EXPORTER (2023)China$733M
TOP NET IMPORTER (2023)United States$587M

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

In 2023, the countries that had a largest trade value in exports than in imports of Basketwork were China ($733M), Vietnam ($318M), India ($159M), Indonesia ($96.9M), and Madagascar ($47.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Basketwork were United States ($587M), Germany ($124M), Japan ($91.4M), France ($79M), and United Kingdom ($77.3M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Basketwork, disaggragated by their HS6 level were Basketwork, wickerwork products of vegetable material ($1.38B) and Basketwork and wickerwork products, non-vegetable ($585M)

HS6 Disaggregation for Basketwork (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Basketwork by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $6.76M
TOP IMPORT POTENTIALVietnam+ $4.16M

Basketwork’s highest export potential is India. With an export gap of $6.76M.  Basketwork’s highest import potential is Vietnam with an import gap of $4.16M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Basketwork.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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