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551020 (Harmonized System 1992 for 6-digit)

2023
World Trade $38.7MRnk 4373 / 4644
2023
Top Exporter | Top Importer $9.56M | $14.5MItaly | Italy
2023
Product Complexity 0.24Rnk 2136 / 4656
2022 - 2023
Export Growth (CAGR) 9.52%Rnk 708 / 4644
2023
Share of World Trade 0.00017%Rnk 4373 / 4644

About

Overview This page contains the latest trade data of Yarn of artif staple fibres & wool or hair, not retai. In 2023, Yarn of artif staple fibres & wool or hair, not retai were the world's 4373rd most traded product, with a total trade of $38.7M. Between 2022 and 2023 the exports of Yarn of artif staple fibres & wool or hair, not retai grew by 9.52%, from $35.4M to $38.7M. Trade in Yarn of artif staple fibres & wool or hair, not retai represent 0.00017% of total world trade.

Yarn of artif staple fibres & wool or hair, not retai are a part of Non-Retail Artificial Staple Fibers Yarn.

Exports In 2023 the top exporters of Yarn of artif staple fibres & wool or hair, not retai  were Italy ($9.56M), Hungary ($7.71M), China ($7.19M), Turkey ($3.35M), and Bulgaria ($2.44M).

Imports In 2023 the top importers of Yarn of artif staple fibres & wool or hair, not retai were Italy ($14.5M), Turkey ($3.44M), Portugal ($2.89M), Sri Lanka ($2.32M), and United States ($1.6M).

Ranking Yarn of artif staple fibres & wool or hair, not retai ranks 2136th in the Product Complexity Index (PCI).

Description Yarn of animal staple fibres are used for textiles and garments. Wool or hair, on the other hand, are used for lining and clothing. What are the three types of fabric construction? Knit, woven, and non-woven.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Yarn of artif staple fibres & wool or hair, not retai. 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$9.56M
Top Destination (2023)Italy$14.5M

In 2023 Yarn of artif staple fibres & wool or hair, not retai were the world's 4373rd most traded product (out of 4,644).

In 2023, the top exporters of Yarn of artif staple fibres & wool or hair, not retai were Italy ($9.56M), Hungary ($7.71M), China ($7.19M), Turkey ($3.35M), and Bulgaria ($2.44M).

In 2023, the top importers of Yarn of artif staple fibres & wool or hair, not retai were Italy ($14.5M), Turkey ($3.44M), Portugal ($2.89M), Sri Lanka ($2.32M), and United States ($1.6M).

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Exporters of Yarn of artif staple fibres & wool or hair, not retai (2023)
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Importers of Yarn of artif staple fibres & wool or hair, not retai (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Hungary$6.59M
Top Destination Growth (2022 -  2023)Italy$4.68M

Between 2022 and 2023, the exports of Yarn of artif staple fibres & wool or hair, not retai grew the fastest in Hungary ($6.59M), China ($1.62M), Spain ($347k), Italy ($330k), and Germany ($205k).

Between 2022 and 2023, the fastest growing importers of Yarn of artif staple fibres & wool or hair, not retai were Italy ($4.68M), Turkey ($1.47M), Sri Lanka ($1.36M), Portugal ($801k), and Bulgaria ($598k).

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Exporters of Yarn of artif staple fibres & wool or hair, not retai (2022 - 2023)

Importers of Yarn of artif staple fibres & wool or hair, not retai (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Yarn of artif staple fibres & wool or hair, not retai.

In 2023, market concentration measured using Shannon Entropy, was 3.32. This means that most of the exports of Yarn of artif staple fibres & wool or hair, not retai are explained by 10 countries.

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Value of Exports in Yarn of artif staple fibres & wool or hair, not retai

Net Trade

TOP NET EXPORTER (2023)Hungary$7.68M
TOP NET IMPORTER (2023)Italy$4.91M

This map shows which countries export or import more of Yarn of artif staple fibres & wool or hair, not retai. Each country is colored based on the difference in exports and imports of Yarn of artif staple fibres & wool or hair, not retai during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Yarn of artif staple fibres & wool or hair, not retai were Hungary ($7.68M), China ($6.54M), Bulgaria ($1.62M), India ($864k), and Austria ($531k).

In 2023, the countries that had a largest trade value in imports than in exports of Yarn of artif staple fibres & wool or hair, not retai were Italy ($4.91M), Portugal ($2.52M), United States ($1.59M), Vietnam ($1.38M), and Lithuania ($1.09M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Yarn of artif staple fibres & wool or hair, not retai.
It is possible to select the main countries that export or import Yarn of artif staple fibres & wool or hair, not retai in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Yarn of artif staple fibres & wool or hair, not retai 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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