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Sacks & bags, packing, of other manmade yarn

630539 (Harmonized System 1992 for 6-digit)

2022
World Trade $532MRnk 2872 / 4648
2022
Top Exporter | Top Importer $218M | $74.3MChina | United States
2022
Product Complexity -1.11Rnk 3935 / 4653
2021 - 2022
Export Growth (CAGR) 8.93%Rnk 1731 / 4648
2022
Share of World Trade 0.0022%Rnk 2872 / 4648

About

Overview This page contains the latest trade data of Sacks & bags of other manmade yarn. In 2022, Sacks & bags of other manmade yarn were the world's 2872nd most traded product, with a total trade of $532M. Between 2021 and 2022 the exports of Sacks & bags of other manmade yarn grew by 8.93%, from $489M to $532M. Trade in Sacks & bags of other manmade yarn represent 0.0022% of total world trade.

Sacks & bags of other manmade yarn are a part of Packing Bags.

Exports In 2022 the top exporters of Sacks & bags of other manmade yarn  were China ($218M), United States ($92.9M), Vietnam ($20.3M), Belgium ($20M), and Mexico ($19.1M).

Imports In 2022 the top importers of Sacks & bags of other manmade yarn were United States ($74.3M), Mexico ($71.4M), Canada ($28.7M), France ($22.8M), and South Korea ($22.7M).

Ranking Sacks & bags of other manmade yarn ranks 3935th in the Product Complexity Index (PCI).

Description A sack is a large bag that is used for carrying or storing objects. A bag is a container made of cloth, paper, or other material. "Packing" is the act of fitting something into a container, or the act of placing objects into a container for storage or transportation.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Sacks & bags of other manmade 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$218M
Top Destination (2022)United States$74.3M

In 2022 Sacks & bags of other manmade yarn were the world's 2872nd most traded product (out of 4,648).

In 2022, the top exporters of Sacks & bags of other manmade yarn were China ($218M), United States ($92.9M), Vietnam ($20.3M), Belgium ($20M), and Mexico ($19.1M).

In 2022, the top importers of Sacks & bags of other manmade yarn were United States ($74.3M), Mexico ($71.4M), Canada ($28.7M), France ($22.8M), and South Korea ($22.7M).

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Exporters of Sacks & bags of other manmade yarn (2022)
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Importers of Sacks & bags of other manmade yarn (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$21.1M
Top Destination Growth (2021 -  2022)Mexico$17.5M

Between 2021 and 2022, the exports of Sacks & bags of other manmade yarn grew the fastest in United States ($21.1M), China ($15.5M), Mexico ($11.5M), United Kingdom ($7.77M), and United Arab Emirates ($1.74M).

Between 2021 and 2022, the fastest growing importers of Sacks & bags of other manmade yarn were Mexico ($17.5M), United States ($17.1M), Singapore ($6.82M), Hungary ($6.52M), and Luxembourg ($5.72M).

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Exporters of Sacks & bags of other manmade yarn (2021 - 2022)

Importers of Sacks & bags of other manmade yarn (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sacks & bags of other manmade yarn.

In 2022, market concentration measured using Shannon Entropy, was 3.55. This means that most of the exports of Sacks & bags of other manmade yarn are explained by 11 countries.

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Value of Exports in Sacks & bags of other manmade yarn

Net Trade

TOP NET EXPORTER (2022)China$208M
TOP NET IMPORTER (2022)Mexico$52.3M

This map shows which countries export or import more of Sacks & bags of other manmade yarn. Each country is colored based on the difference in exports and imports of Sacks & bags of other manmade yarn during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Sacks & bags of other manmade yarn were China ($208M), United States ($18.6M), Belgium ($15M), Pakistan ($10.3M), and Vietnam ($10.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Sacks & bags of other manmade yarn were Mexico ($52.3M), Canada ($28.5M), South Korea ($20.7M), Australia ($19.9M), and France ($18.5M).

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 Sacks & bags of other manmade yarn.
It is possible to select the main countries that export or import Sacks & bags of other manmade yarn in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Sacks & bags of other manmade yarn by percentage of total exports

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)

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