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Carpets and other textile floor coverings; tufted, whether or not made up

5703 (Harmonized System 1992 for 4-digit)

2022
World Trade $7.21BRnk 463 / 1218
2022
Top Exporter | Top Importer $1.51B | $1.05BChina | United States
2022
Product Complexity -0.042Rnk 569 / 1033
2021 - 2022
Export Growth (CAGR) -7.36%Rnk 1066 / 1218
2022
Share of World Trade 0.03%Rnk 463 / 1218

About

Overview This page contains the latest trade data of Tufted Carpets. In 2022, Tufted Carpets were the world's 463rd most traded product, with a total trade of $7.21B. Between 2021 and 2022 the exports of Tufted Carpets decreased by -7.36%, from $7.79B to $7.21B. Trade in Tufted Carpets represent 0.03% of total world trade.

Tufted Carpets are a part of Carpets & textile floor covers. They include Carpets nylon, polyamides tufted, Carpets of other manmade textile materials, tufted, Carpets of wool or fine animal hair tufted, and Carpets of materials nes, tufted.

Exports In 2022 the top exporters of Tufted Carpets  were China ($1.51B), Netherlands ($933M), Belgium ($844M), India ($617M), and United States ($532M).

Imports In 2022 the top importers of Tufted Carpets were United States ($1.05B), United Kingdom ($793M), Germany ($526M), Canada ($461M), and France ($282M).

Ranking Tufted Carpets ranks 569th in the Product Complexity Index (PCI).

Description Needle punched carpets are made by laying a carpet over a piece of fabric, and then punching holes into the carpet with a needle. The holes in the carpet allow air to pass through, making it easier for people to walk on. Needle punched carpets are used in the production of furniture, rugs, and other household items.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tufted Carpets. 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$1.51B
Top Destination (2022)United States$1.05B

In 2022 Tufted Carpets were the world's 463rd most traded product (out of 1,218).

In 2022, the top exporters of Tufted Carpets were China ($1.51B), Netherlands ($933M), Belgium ($844M), India ($617M), and United States ($532M).

In 2022, the top importers of Tufted Carpets were United States ($1.05B), United Kingdom ($793M), Germany ($526M), Canada ($461M), and France ($282M).

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Exporters of Tufted Carpets (2022)
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Importers of Tufted Carpets (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Vietnam$21.3M
Top Destination Growth (2021 -  2022)India$28.5M

Between 2021 and 2022, the exports of Tufted Carpets grew the fastest in Vietnam ($21.3M), France ($18.4M), United States ($15.7M), Italy ($5.83M), and Iran ($3.88M).

Between 2021 and 2022, the fastest growing importers of Tufted Carpets were India ($28.5M), Thailand ($23.9M), Kuwait ($20M), Iraq ($13.5M), and Australia ($10.9M).

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Exporters of Tufted Carpets (2021 - 2022)

Importers of Tufted Carpets (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tufted Carpets.

In 2022, market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Tufted Carpets are explained by 16 countries.

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Value of Exports in Tufted Carpets

Net Trade

TOP NET EXPORTER (2022)China$1.48B
TOP NET IMPORTER (2022)United Kingdom$660M

This map shows which countries export or import more of Tufted Carpets. Each country is colored based on the difference in exports and imports of Tufted Carpets during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Tufted Carpets were China ($1.48B), Belgium ($721M), Netherlands ($682M), India ($504M), and Turkey ($415M).

In 2022, the countries that had a largest trade value in imports than in exports of Tufted Carpets were United Kingdom ($660M), United States ($519M), Canada ($410M), Germany ($263M), and Australia ($242M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Tufted Carpets, disaggragated by their HS6 level were Carpets of other manmade textile materials,... ($3.53B), Carpets nylon, polyamides tufted ($2.44B), Carpets of wool or fine animal... ($631M), and Carpets of materials nes, tufted ($617M)

HS6 Disaggregation for Tufted Carpets (2022)
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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 Tufted Carpets.
It is possible to select the main countries that export or import Tufted Carpets in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Tufted Carpets by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited Kingdom+ $5.82M
TOP IMPORT POTENTIALChina+ $32.5M

Tufted Carpets’s highest export potential is United Kingdom. With an export gap of $5.82M.  Tufted Carpets’s highest import potential is China with an import gap of $32.5M.

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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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Tufted Carpets.

Country by Relatedness

The following visualization shows the relatedness of Tufted Carpets to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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