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Pricing

Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silk-worm gut)

42 (Harmonized System 1992 for 2-digit)

2023
World Trade $92.7BRnk 41 / 96
2023
Top Exporter | Top Importer $32.1B | $13.9BChina | United States
2023
Product Complexity 0.2Rnk 41 / 96
2022 - 2023
Export Growth (CAGR) 1.18%Rnk 22 / 96
2023
Share of World Trade 0.41%Rnk 41 / 96

About

Overview This page contains the latest trade data of Leather articles. In 2023, Leather articles were the world's 41st most traded product, with a total trade of $92.7B. Between 2022 and 2023 the exports of Leather articles grew by 1.18%, from $91.6B to $92.7B. Trade in Leather articles represent 0.41% of total world trade.

Leather articles are a part of Animal Hides. They include Trunks and Cases, Leather Apparel, Other Leather Articles, Saddlery, Articles of Gut, and Leather Used in Machinery.

Exports In 2023 the top exporters of Leather articles  were China ($32.1B), Italy ($13.9B), France ($13B), Vietnam ($4.63B), and India ($3.07B).

Imports In 2023 the top importers of Leather articles were United States ($13.9B), Japan ($5.86B), France ($5.47B), China ($5.11B), and Germany ($4.87B).

Ranking Leather articles ranks 41st 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 Leather 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$32.1B
Top Destination (2023)United States$13.9B

In 2023 Leather articles were the world's 41st most traded product (out of 96).

In 2023, the top exporters of Leather articles were China ($32.1B), Italy ($13.9B), France ($13B), Vietnam ($4.63B), and India ($3.07B).

In 2023, the top importers of Leather articles were United States ($13.9B), Japan ($5.86B), France ($5.47B), China ($5.11B), and Germany ($4.87B).

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Exporters of Leather articles (2023)
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Importers of Leather articles (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$1.02B
Top Destination Growth (2022 -  2023)Hong Kong$1.19B

Between 2022 and 2023, the exports of Leather articles grew the fastest in France ($1.02B), Italy ($719M), Hong Kong ($581M), China ($441M), and Germany ($134M).

Between 2022 and 2023, the fastest growing importers of Leather articles were Hong Kong ($1.19B), China ($699M), Italy ($465M), Vietnam ($412M), and Japan ($374M).

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Exporters of Leather articles (2022 - 2023)

Importers of Leather articles (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Leather articles.

In 2023, market concentration measured using Shannon Entropy, was 3.64. This means that most of the exports of Leather articles are explained by 12 countries.

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Value of Exports in Leather articles

Net Trade

TOP NET EXPORTER (2023)China$27B
TOP NET IMPORTER (2023)United States$12.9B

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

In 2023, the countries that had a largest trade value in exports than in imports of Leather articles were China ($27B), Italy ($9.21B), France ($7.54B), Vietnam ($3.82B), and Cambodia ($2.77B).

In 2023, the countries that had a largest trade value in imports than in exports of Leather articles were United States ($12.9B), Japan ($5.63B), South Korea ($3.48B), Hong Kong ($3.35B), and United Kingdom ($2.61B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Leather articles, disaggragated by their HS6 level were Trunks and Cases ($81B), Leather Apparel ($7.19B), Other Leather Articles ($2.39B), Saddlery ($2.11B), and Articles of Gut ($40.4M)

HS6 Disaggregation for Leather articles (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 Leather articles.
It is possible to select the main countries that export or import Leather articles in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Leather articles by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $479M
TOP IMPORT POTENTIALVietnam+ $248M

Leather articles’s highest export potential is United States. With an export gap of $479M.  Leather articles’s highest import potential is Vietnam with an import gap of $248M.

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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