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Pricing

Yarn and strip and the like of heading no. 5404 or 5405, gimped (other than those of heading no. 5606 and gimped horsehair yarn); chenille yarn (including flock chenille yarn); loop wale-yarn

5606 (Harmonized System 1992 for 4-digit)

2022
World Trade $629MRnk 1018 / 1218
2022
Top Exporter | Top Importer $228M | $72.4MChina | Italy
2022
Product Complexity 0.55Rnk 348 / 1033
2021 - 2022
Export Growth (CAGR) -4.69%Rnk 1015 / 1218
2022
Share of World Trade 0.0027%Rnk 1018 / 1218

About

Overview This page contains the latest trade data of Gimp Yarn. In 2022, Gimp Yarn were the world's 1018th most traded product, with a total trade of $629M. Between 2021 and 2022 the exports of Gimp Yarn decreased by -4.69%, from $660M to $629M. Trade in Gimp Yarn represent 0.0027% of total world trade.

Gimp Yarn are a part of Wadding, felt, nonwovens, twin, ropes, & articles thereof. They include Chenille, loop whale, gimped (except metallised) yarn.

Exports In 2022 the top exporters of Gimp Yarn  were China ($228M), Italy ($85.8M), Turkey ($59.4M), United States ($32.3M), and France ($24.7M).

Imports In 2022 the top importers of Gimp Yarn were Italy ($72.4M), United States ($53.4M), Bangladesh ($52.7M), Turkey ($39.1M), and Germany ($35.7M).

Ranking Gimp Yarn ranks 348th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Gimp Yarn. 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 (2022)China$228M
Top Destination (2022)Italy$72.4M

In 2022 Gimp Yarn were the world's 1018th most traded product (out of 1,218).

In 2022, the top exporters of Gimp Yarn were China ($228M), Italy ($85.8M), Turkey ($59.4M), United States ($32.3M), and France ($24.7M).

In 2022, the top importers of Gimp Yarn were Italy ($72.4M), United States ($53.4M), Bangladesh ($52.7M), Turkey ($39.1M), and Germany ($35.7M).

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Exporters of Gimp Yarn (2022)
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Importers of Gimp Yarn (2022)
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Market Dynamics

Color
Top Origin Decrease (2021 -  2022)China-$37.4M
Top Destination Growth (2021 -  2022)Italy$10.5M

Between 2021 and 2022, the fastest declining exporters of Gimp Yarn were China (-$37.4M), Austria (-$3.3M), Hungary (-$3.11M), Vietnam (-$2.36M), and Turkey (-$2.34M).

Between 2021 and 2022, the fastest growing importers of Gimp Yarn were Italy ($10.5M), Vietnam ($3.8M), Russia ($2.95M), Poland ($2.77M), and North Macedonia ($2.63M).

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Exporters of Gimp Yarn (2021 - 2022)

Importers of Gimp Yarn (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Gimp Yarn.

In 2022, market concentration measured using Shannon Entropy, was 3.56. This means that most of the exports of Gimp Yarn are explained by 11 countries.

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Value of Exports in Gimp Yarn

Net Trade

TOP NET EXPORTER (2022)China$217M
TOP NET IMPORTER (2022)Bangladesh$52.7M

This map shows which countries export or import more of Gimp Yarn. Each country is colored based on the difference in exports and imports of Gimp Yarn during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Gimp Yarn were China ($217M), Turkey ($20.3M), Italy ($13.4M), France ($8.99M), and India ($8.78M).

In 2022, the countries that had a largest trade value in imports than in exports of Gimp Yarn were Bangladesh ($52.7M), United States ($21.2M), Vietnam ($18.8M), Spain ($15.6M), and Russia ($14M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Gimp Yarn by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $2.41M
TOP IMPORT POTENTIALUnited States+ $350k

Gimp Yarn’s highest export potential is Russia. With an export gap of $2.41M.  Gimp Yarn’s highest import potential is United States with an import gap of $350k.

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 (2022)

Country by Relatedness

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

Relative Relatedness by Country (2022)

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