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621510 (Harmonized System 1992 for 6-digit)

2023
World Trade $265MRnk 3439 / 4644
2023
Top Exporter | Top Importer $109M | $52.7MItaly | United States
2023
Product Complexity 0.65Rnk 1390 / 4656
2022 - 2023
Export Growth (CAGR) 3.56%Rnk 1183 / 4644
2023
Share of World Trade 0.0012%Rnk 3439 / 4644

About

Overview This page contains the latest trade data of Ties, bow ties and cravats, of silk, not knit. In 2023, Ties, bow ties and cravats, of silk, not knit were the world's 3439th most traded product, with a total trade of $265M. Between 2022 and 2023 the exports of Ties, bow ties and cravats, of silk, not knit grew by 3.56%, from $256M to $265M. Trade in Ties, bow ties and cravats, of silk, not knit represent 0.0012% of total world trade.

Ties, bow ties and cravats, of silk, not knit are a part of Neck Ties.

Exports In 2023 the top exporters of Ties, bow ties and cravats, of silk, not knit  were Italy ($109M), China ($68.1M), France ($47.5M), Germany ($8.17M), and United Kingdom ($5.61M).

Imports In 2023 the top importers of Ties, bow ties and cravats, of silk, not knit were United States ($52.7M), Japan ($40M), France ($16.5M), Germany ($13.1M), and United Kingdom ($11.8M).

Ranking Ties, bow ties and cravats, of silk, not knit ranks 1390th in the Product Complexity Index (PCI).

Description Ties, bow ties, and cravats are accessories that are used to tie around the neck. Ties are usually worn with a shirt and suit jacket. Bow ties are usually worn with a suit and a dress shirt. Cravats are worn with a dress shirt and a necktie. Silk ties are usually made of silk material.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Ties, bow ties and cravats, of silk, not knit. 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)Italy$109M
Top Destination (2023)United States$52.7M

In 2023 Ties, bow ties and cravats, of silk, not knit were the world's 3439th most traded product (out of 4,644).

In 2023, the top exporters of Ties, bow ties and cravats, of silk, not knit were Italy ($109M), China ($68.1M), France ($47.5M), Germany ($8.17M), and United Kingdom ($5.61M).

In 2023, the top importers of Ties, bow ties and cravats, of silk, not knit were United States ($52.7M), Japan ($40M), France ($16.5M), Germany ($13.1M), and United Kingdom ($11.8M).

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Exporters of Ties, bow ties and cravats, of silk, not knit (2023)
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Importers of Ties, bow ties and cravats, of silk, not knit (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$10.8M
Top Destination Growth (2022 -  2023)South Korea$4.28M

Between 2022 and 2023, the exports of Ties, bow ties and cravats, of silk, not knit grew the fastest in Italy ($10.8M), France ($10.6M), Singapore ($3.95M), Hong Kong ($1.75M), and Switzerland ($986k).

Between 2022 and 2023, the fastest growing importers of Ties, bow ties and cravats, of silk, not knit were South Korea ($4.28M), France ($2.39M), Italy ($2.15M), Japan ($2.12M), and Singapore ($1.74M).

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Exporters of Ties, bow ties and cravats, of silk, not knit (2022 - 2023)

Importers of Ties, bow ties and cravats, of silk, not knit (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ties, bow ties and cravats, of silk, not knit.

In 2023, market concentration measured using Shannon Entropy, was 2.53. This means that most of the exports of Ties, bow ties and cravats, of silk, not knit are explained by 5 countries.

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Value of Exports in Ties, bow ties and cravats, of silk, not knit

Net Trade

TOP NET EXPORTER (2023)Italy$97.3M
TOP NET IMPORTER (2023)United States$52M

This map shows which countries export or import more of Ties, bow ties and cravats, of silk, not knit. Each country is colored based on the difference in exports and imports of Ties, bow ties and cravats, of silk, not knit during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ties, bow ties and cravats, of silk, not knit were Italy ($97.3M), China ($58.9M), France ($30.9M), Vietnam ($469k), and Malta ($190k).

In 2023, the countries that had a largest trade value in imports than in exports of Ties, bow ties and cravats, of silk, not knit were United States ($52M), Japan ($39.7M), South Korea ($9.84M), Canada ($6.55M), and United Kingdom ($6.14M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Ties, bow ties and cravats, of silk, not knit.
It is possible to select the main countries that export or import Ties, bow ties and cravats, of silk, not knit in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Ties, bow ties and cravats, of silk, not knit 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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