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Sacks & bags, packing, of other manmade yarn

630539 (Harmonized System 1992 for 6-digit)

2023
World Trade $377MRnk 3131 / 4644
2023
Top Exporter | Top Importer $148M | $59.6MChina | Mexico
2023
Product Complexity -1.39Rnk 4181 / 4656
2022 - 2023
Export Growth (CAGR) -18.5%Rnk 3564 / 4644
2023
Share of World Trade 0.0017%Rnk 3131 / 4644

About

Overview This page contains the latest trade data of Sacks & bags of other manmade yarn. In 2023, Sacks & bags of other manmade yarn were the world's 3131st most traded product, with a total trade of $377M. Between 2022 and 2023 the exports of Sacks & bags of other manmade yarn decreased by -18.5%, from $462M to $377M. Trade in Sacks & bags of other manmade yarn represent 0.0017% of total world trade.

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

Exports In 2023 the top exporters of Sacks & bags of other manmade yarn  were China ($148M), United States ($77.5M), India ($12.5M), Ireland ($11.2M), and Belgium ($11.1M).

Imports In 2023 the top importers of Sacks & bags of other manmade yarn were Mexico ($59.6M), United States ($41.8M), France ($17.9M), Germany ($15.5M), and Japan ($15.2M).

Ranking Sacks & bags of other manmade yarn ranks 4181st 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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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 (2023)China$148M
Top Destination (2023)Mexico$59.6M

In 2023 Sacks & bags of other manmade yarn were the world's 3131st most traded product (out of 4,644).

In 2023, the top exporters of Sacks & bags of other manmade yarn were China ($148M), United States ($77.5M), India ($12.5M), Ireland ($11.2M), and Belgium ($11.1M).

In 2023, the top importers of Sacks & bags of other manmade yarn were Mexico ($59.6M), United States ($41.8M), France ($17.9M), Germany ($15.5M), and Japan ($15.2M).

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Exporters of Sacks & bags of other manmade yarn (2023)
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Importers of Sacks & bags of other manmade yarn (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$5.26M
Top Destination Growth (2022 -  2023)Australia$2.85M

Between 2022 and 2023, the exports of Sacks & bags of other manmade yarn grew the fastest in United States ($5.26M), Ireland ($4.14M), Armenia ($2.39M), Czechia ($1.89M), and Tunisia ($1.16M).

Between 2022 and 2023, the fastest growing importers of Sacks & bags of other manmade yarn were Australia ($2.85M), France ($2.44M), Senegal ($1.99M), Mexico ($1.94M), and Tanzania ($1.89M).

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Exporters of Sacks & bags of other manmade yarn (2022 - 2023)

Importers of Sacks & bags of other manmade yarn (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.65. This means that most of the exports of Sacks & bags of other manmade yarn are explained by 12 countries.

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Value of Exports in Sacks & bags of other manmade yarn

Net Trade

TOP NET EXPORTER (2023)China$145M
TOP NET IMPORTER (2023)Mexico$50.8M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Sacks & bags of other manmade yarn were China ($145M), United States ($35.7M), India ($9.69M), Ireland ($7.51M), and Pakistan ($6.43M).

In 2023, the countries that had a largest trade value in imports than in exports of Sacks & bags of other manmade yarn were Mexico ($50.8M), Japan ($14.2M), South Korea ($12.9M), Australia ($11.9M), and France ($11.2M).

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 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 (2023)

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