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Furskins and artificial fur; manufactures thereof

43 (Harmonized System 1992 for 2-digit)

2023
World Trade $3.95BRnk 91 / 96
2023
Top Exporter | Top Importer $1.15B | $775MChina | China
2023
Product Complexity 0.48Rnk 34 / 96
2022 - 2023
Export Growth (CAGR) 3.75%Rnk 15 / 96
2023
Share of World Trade 0.017%Rnk 91 / 96

About

Overview This page contains the latest trade data of Furskins, articifial fur, & articles. In 2023, Furskins, articifial fur, & articles were the world's 91st most traded product, with a total trade of $3.95B. Between 2022 and 2023 the exports of Furskins, articifial fur, & articles grew by 3.75%, from $3.81B to $3.95B. Trade in Furskins, articifial fur, & articles represent 0.017% of total world trade.

Furskins, articifial fur, & articles are a part of Animal Hides. They include Raw Furskins, Tanned Furskins, Furskin Apparel, and Artificial Fur.

Exports In 2023 the top exporters of Furskins, articifial fur, & articles  were China ($1.15B), Finland ($358M), Cambodia ($349M), Italy ($347M), and Thailand ($307M).

Imports In 2023 the top importers of Furskins, articifial fur, & articles were China ($775M), Russia ($537M), South Korea ($313M), Thailand ($307M), and Cambodia ($292M).

Ranking Furskins, articifial fur, & articles ranks 34th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Furskins, articifial fur, & articles. 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$1.15B
Top Destination (2023)China$775M

In 2023 Furskins, articifial fur, & articles were the world's 91st most traded product (out of 96).

In 2023, the top exporters of Furskins, articifial fur, & articles were China ($1.15B), Finland ($358M), Cambodia ($349M), Italy ($347M), and Thailand ($307M).

In 2023, the top importers of Furskins, articifial fur, & articles were China ($775M), Russia ($537M), South Korea ($313M), Thailand ($307M), and Cambodia ($292M).

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Exporters of Furskins, articifial fur, & articles (2023)
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Importers of Furskins, articifial fur, & articles (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Cambodia$187M
Top Destination Growth (2022 -  2023)China$320M

Between 2022 and 2023, the exports of Furskins, articifial fur, & articles grew the fastest in Cambodia ($187M), Thailand ($148M), Denmark ($148M), Finland ($85.5M), and Hong Kong ($13.5M).

Between 2022 and 2023, the fastest growing importers of Furskins, articifial fur, & articles were China ($320M), Cambodia ($156M), Thailand ($144M), Vietnam ($52.9M), and Kyrgyzstan ($22.3M).

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Exporters of Furskins, articifial fur, & articles (2022 - 2023)

Importers of Furskins, articifial fur, & articles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Furskins, articifial fur, & articles.

In 2023, market concentration measured using Shannon Entropy, was 3.87. This means that most of the exports of Furskins, articifial fur, & articles are explained by 14 countries.

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Value of Exports in Furskins, articifial fur, & articles

Net Trade

TOP NET EXPORTER (2023)China$378M
TOP NET IMPORTER (2023)Russia$494M

This map shows which countries export or import more of Furskins, articifial fur, & articles. Each country is colored based on the difference in exports and imports of Furskins, articifial fur, & articles during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Furskins, articifial fur, & articles were China ($378M), Denmark ($273M), Italy ($189M), Finland ($143M), and Turkey ($106M).

In 2023, the countries that had a largest trade value in imports than in exports of Furskins, articifial fur, & articles were Russia ($494M), South Korea ($307M), Vietnam ($129M), United States ($101M), and Hong Kong ($77.5M).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Furskins, articifial fur, & articles, disaggragated by their HS6 level were Furskin Apparel ($1.68B), Tanned Furskins ($1.17B), Raw Furskins ($992M), and Artificial Fur ($102M)

HS6 Disaggregation for Furskins, articifial fur, & articles (2023)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Furskins, articifial fur, & articles by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $15.5M
TOP IMPORT POTENTIALSpain+ $2.89M

Furskins, articifial fur, & articles’s highest export potential is United States. With an export gap of $15.5M.  Furskins, articifial fur, & articles’s highest import potential is Spain with an import gap of $2.89M.

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)

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