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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)

2023
World Trade $584MRnk 1010 / 1217
2023
Top Exporter | Top Importer $224M | $76.5MChina | Italy
2023
Product Complexity 0.57Rnk 347 / 1044
2022 - 2023
Export Growth (CAGR) -5.88%Rnk 595 / 1217
2023
Share of World Trade 0.0026%Rnk 1010 / 1217

About

Overview This page contains the latest trade data of Gimp Yarn. In 2023, Gimp Yarn were the world's 1010th most traded product, with a total trade of $584M. Between 2022 and 2023 the exports of Gimp Yarn decreased by -5.88%, from $621M to $584M. Trade in Gimp Yarn represent 0.0026% 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 2023 the top exporters of Gimp Yarn  were China ($224M), Italy ($68.8M), Turkey ($56.1M), France ($24.3M), and Romania ($23M).

Imports In 2023 the top importers of Gimp Yarn were Italy ($76.5M), United States ($72.6M), Bangladesh ($56M), Turkey ($39.4M), and Germany ($26.8M).

Ranking Gimp Yarn ranks 347th in the Product Complexity Index (PCI).

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 (2023)China$224M
Top Destination (2023)Italy$76.5M

In 2023 Gimp Yarn were the world's 1010th most traded product (out of 1,217).

In 2023, the top exporters of Gimp Yarn were China ($224M), Italy ($68.8M), Turkey ($56.1M), France ($24.3M), and Romania ($23M).

In 2023, the top importers of Gimp Yarn were Italy ($76.5M), United States ($72.6M), Bangladesh ($56M), Turkey ($39.4M), and Germany ($26.8M).

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Exporters of Gimp Yarn (2023)
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Importers of Gimp Yarn (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Romania$7.8M
Top Destination Growth (2022 -  2023)United States$12.8M

Between 2022 and 2023, the exports of Gimp Yarn grew the fastest in Romania ($7.8M), Vietnam ($5.58M), India ($2.11M), Estonia ($1.81M), and Canada ($1.7M).

Between 2022 and 2023, the fastest growing importers of Gimp Yarn were United States ($12.8M), Bangladesh ($3.3M), India ($2.73M), Croatia ($2.33M), and Vietnam ($2.21M).

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Exporters of Gimp Yarn (2022 - 2023)

Importers of Gimp Yarn (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.54. 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 (2023)China$214M
TOP NET IMPORTER (2023)United States$59.4M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Gimp Yarn were China ($214M), Turkey ($16.7M), Romania ($13.1M), Hungary ($11.5M), and Serbia ($10.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Gimp Yarn were United States ($59.4M), Bangladesh ($56M), Spain ($13.5M), Vietnam ($11.6M), and Mexico ($11M).

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 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 (2023)

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 (2023)

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