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Woven fabrics of synthetic staple fibres, containing 85% or more by weight of synthetic staple fibres

5512 (Harmonized System 1992 for 4-digit)

2023
World Trade $3.31BRnk 646 / 1217
2023
Top Exporter | Top Importer $1.51B | $317MChina | Morocco
2023
Product Complexity 0.2Rnk 493 / 1044
2022 - 2023
Export Growth (CAGR) -12.6%Rnk 832 / 1217
2023
Share of World Trade 0.015%Rnk 646 / 1217

About

Overview This page contains the latest trade data of Synthetic Fabrics. In 2023, Synthetic Fabrics were the world's 646th most traded product, with a total trade of $3.31B. Between 2022 and 2023 the exports of Synthetic Fabrics decreased by -12.6%, from $3.79B to $3.31B. Trade in Synthetic Fabrics represent 0.015% of total world trade.

Synthetic Fabrics are a part of Man-made staple fibres. They include Woven fabric >85% polyester staple fibres not elsewhere specified, Woven fabric >85% synthetic staple fibre not elsewhere specified, Woven fabric >85% acrylic staple fibres not elsewhere specified, Woven fabric >85% polyester staple fibre unbleached/bleached, Woven fabric >85% acrylic staple fibres unbleached/bleached, and Woven fabric >85% synth staple fibre not elsewhere specified unbleached/bleached.

Exports In 2023 the top exporters of Synthetic Fabrics  were China ($1.51B), United States ($228M), Spain ($168M), Germany ($137M), and Italy ($133M).

Imports In 2023 the top importers of Synthetic Fabrics were Morocco ($317M), Vietnam ($288M), Mexico ($147M), South Korea ($140M), and Germany ($123M).

Ranking Synthetic Fabrics ranks 493rd in the Product Complexity Index (PCI).

Description Woven fabrics containing >= 85% synthetic staple fibres by weight are commonly used in upholstery, draperies, and bedding.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Synthetic Fabrics. 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$1.51B
Top Destination (2023)Morocco$317M

In 2023 Synthetic Fabrics were the world's 646th most traded product (out of 1,217).

In 2023, the top exporters of Synthetic Fabrics were China ($1.51B), United States ($228M), Spain ($168M), Germany ($137M), and Italy ($133M).

In 2023, the top importers of Synthetic Fabrics were Morocco ($317M), Vietnam ($288M), Mexico ($147M), South Korea ($140M), and Germany ($123M).

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Exporters of Synthetic Fabrics (2023)
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Importers of Synthetic Fabrics (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Greece$8.62M
Top Destination Growth (2022 -  2023)Sri Lanka$58.4M

Between 2022 and 2023, the exports of Synthetic Fabrics grew the fastest in Greece ($8.62M), United Kingdom ($6.06M), China ($2.58M), Ethiopia ($1.67M), and Hungary ($1.53M).

Between 2022 and 2023, the fastest growing importers of Synthetic Fabrics were Sri Lanka ($58.4M), Senegal ($34.4M), South Korea ($21.3M), Turkey ($20.4M), and Afghanistan ($13.1M).

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Exporters of Synthetic Fabrics (2022 - 2023)

Importers of Synthetic Fabrics (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Synthetic Fabrics.

In 2023, market concentration measured using Shannon Entropy, was 3.51. This means that most of the exports of Synthetic Fabrics are explained by 11 countries.

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Value of Exports in Synthetic Fabrics

Net Trade

TOP NET EXPORTER (2023)China$1.39B
TOP NET IMPORTER (2023)Morocco$312M

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

In 2023, the countries that had a largest trade value in exports than in imports of Synthetic Fabrics were China ($1.39B), Spain ($141M), United States ($133M), Chinese Taipei ($87.7M), and Italy ($86.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Synthetic Fabrics were Morocco ($312M), Vietnam ($278M), Mexico ($112M), Sri Lanka ($109M), and Burma ($98.8M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Synthetic Fabrics, disaggragated by their HS6 level were Woven fabric >85% polyester staple fibres... ($1.93B), Woven fabric >85% synthetic staple fibre... ($492M), Woven fabric >85% acrylic staple fibres... ($364M), Woven fabric >85% polyester staple fibre... ($306M), and Woven fabric >85% acrylic staple fibres... ($147M)

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

Top 10 Exporters Countries of Synthetic Fabrics by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $13.6M
TOP IMPORT POTENTIALUnited States+ $3.49M

Synthetic Fabrics’s highest export potential is India. With an export gap of $13.6M.  Synthetic Fabrics’s highest import potential is United States with an import gap of $3.49M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Synthetic Fabrics.

Country by Relatedness

The following visualization shows the relatedness of Synthetic Fabrics 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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