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Pricing

Synthetic monofilament of 67 decitex or more, of which no cross-sectional dimension exceeds 1mm; strip and the like (e.g. artificial straw) of synthetic textile materials of an apparent width not exceeding 5mm

5404 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.6BRnk 815 / 1217
2023
Top Exporter | Top Importer $305M | $216MGermany | United States
2023
Product Complexity 0.41Rnk 409 / 1044
2022 - 2023
Export Growth (CAGR) -14.3%Rnk 883 / 1217
2023
Share of World Trade 0.0071%Rnk 815 / 1217

About

Overview This page contains the latest trade data of Synthetic Monofilament. In 2023, Synthetic Monofilament were the world's 815th most traded product, with a total trade of $1.6B. Between 2022 and 2023 the exports of Synthetic Monofilament decreased by -14.3%, from $1.87B to $1.6B. Trade in Synthetic Monofilament represent 0.0071% of total world trade.

Synthetic Monofilament are a part of Man-made filaments. They include Synthetic monofilament, >67 dtex, thickness < 1mm and Strip, straw, etc. synth textile material,< 5 mm thic.

Exports In 2023 the top exporters of Synthetic Monofilament  were Germany ($305M), China ($230M), United States ($184M), Japan ($114M), and Italy ($85.8M).

Imports In 2023 the top importers of Synthetic Monofilament were United States ($216M), China ($177M), Mexico ($99.6M), Germany ($76.5M), and France ($67M).

Ranking Synthetic Monofilament ranks 409th in the Product Complexity Index (PCI).

Description Synthetic monofilament of >= 67 decitex and with a cross sectional dimension of <= 1 mm is most commonly used in the production of carpet, clothing, and fishing nets.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Synthetic Monofilament. 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)Germany$305M
Top Destination (2023)United States$216M

In 2023 Synthetic Monofilament were the world's 815th most traded product (out of 1,217).

In 2023, the top exporters of Synthetic Monofilament were Germany ($305M), China ($230M), United States ($184M), Japan ($114M), and Italy ($85.8M).

In 2023, the top importers of Synthetic Monofilament were United States ($216M), China ($177M), Mexico ($99.6M), Germany ($76.5M), and France ($67M).

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

Color
Top Origin Growth (2022 -  2023)Indonesia$17.7M
Top Destination Growth (2022 -  2023)China$34.4M

Between 2022 and 2023, the exports of Synthetic Monofilament grew the fastest in Indonesia ($17.7M), Belgium ($6.08M), Japan ($2.8M), Hong Kong ($1.9M), and Finland ($1.9M).

Between 2022 and 2023, the fastest growing importers of Synthetic Monofilament were China ($34.4M), United Arab Emirates ($7.64M), Morocco ($2.04M), Nigeria ($1.73M), and Georgia ($953k).

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Exporters of Synthetic Monofilament (2022 - 2023)

Importers of Synthetic Monofilament (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.24. This means that most of the exports of Synthetic Monofilament are explained by 18 countries.

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Value of Exports in Synthetic Monofilament

Net Trade

TOP NET EXPORTER (2023)Germany$229M
TOP NET IMPORTER (2023)Mexico$70.4M

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

In 2023, the countries that had a largest trade value in exports than in imports of Synthetic Monofilament were Germany ($229M), Japan ($78.1M), China ($52.6M), United Arab Emirates ($44.3M), and Saudi Arabia ($43.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Synthetic Monofilament were Mexico ($70.4M), France ($52.9M), India ($36.6M), United States ($32.8M), and Canada ($32.4M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Synthetic Monofilament, disaggragated by their HS6 level were Synthetic monofilament, >67 dtex, thickness <... ($1.02B) and Strip, straw, etc. synth textile material,<... ($582M)

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALBelgium+ $5.18M
TOP IMPORT POTENTIALChina+ $3.51M

Synthetic Monofilament’s highest export potential is Belgium. With an export gap of $5.18M.  Synthetic Monofilament’s highest import potential is China with an import gap of $3.51M.

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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 Monofilament.

Country by Relatedness

The following visualization shows the relatedness of Synthetic Monofilament 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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