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550991 (Harmonized System 1992 for 6-digit)

2023
World Trade $36.3MRnk 4383 / 4644
2023
Top Exporter | Top Importer $11.9M | $5.4MItaly | Serbia
2023
Product Complexity 0.58Rnk 1523 / 4656
2022 - 2023
Export Growth (CAGR) 5.58%Rnk 984 / 4644
2023
Share of World Trade 0.00016%Rnk 4383 / 4644

About

Overview This page contains the latest trade data of Yarn of other synthetic staple with wool or hair, nes. In 2023, Yarn of other synthetic staple with wool or hair, nes were the world's 4383rd most traded product, with a total trade of $36.3M. Between 2022 and 2023 the exports of Yarn of other synthetic staple with wool or hair, nes grew by 5.58%, from $34.4M to $36.3M. Trade in Yarn of other synthetic staple with wool or hair, nes represent 0.00016% of total world trade.

Yarn of other synthetic staple with wool or hair, nes are a part of Non-Retail Synthetic Staple Fibers Yarn.

Exports In 2023 the top exporters of Yarn of other synthetic staple with wool or hair, nes  were Italy ($11.9M), China ($11.8M), Croatia ($2.78M), Romania ($1.57M), and Hong Kong ($1.41M).

Imports In 2023 the top importers of Yarn of other synthetic staple with wool or hair, nes were Serbia ($5.4M), Croatia ($4.61M), China ($3.19M), Russia ($3M), and Bangladesh ($1.97M).

Ranking Yarn of other synthetic staple with wool or hair, nes ranks 1523rd in the Product Complexity Index (PCI).

Description A lot of the synthetic staple yarns are made with plastics, which can be used to make carpets, carpet tiles, and other textile products.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Yarn of other synthetic staple with wool or hair, nes. 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$11.9M
Top Destination (2023)Serbia$5.4M

In 2023 Yarn of other synthetic staple with wool or hair, nes were the world's 4383rd most traded product (out of 4,644).

In 2023, the top exporters of Yarn of other synthetic staple with wool or hair, nes were Italy ($11.9M), China ($11.8M), Croatia ($2.78M), Romania ($1.57M), and Hong Kong ($1.41M).

In 2023, the top importers of Yarn of other synthetic staple with wool or hair, nes were Serbia ($5.4M), Croatia ($4.61M), China ($3.19M), Russia ($3M), and Bangladesh ($1.97M).

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Exporters of Yarn of other synthetic staple with wool or hair, nes (2023)
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Importers of Yarn of other synthetic staple with wool or hair, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$3.11M
Top Destination Growth (2022 -  2023)Serbia$1.98M

Between 2022 and 2023, the exports of Yarn of other synthetic staple with wool or hair, nes grew the fastest in China ($3.11M), Croatia ($699k), Philippines ($355k), Romania ($347k), and Hong Kong ($281k).

Between 2022 and 2023, the fastest growing importers of Yarn of other synthetic staple with wool or hair, nes were Serbia ($1.98M), Vietnam ($1.24M), Croatia ($785k), China ($780k), and Nepal ($707k).

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Exporters of Yarn of other synthetic staple with wool or hair, nes (2022 - 2023)

Importers of Yarn of other synthetic staple with wool or hair, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Yarn of other synthetic staple with wool or hair, nes.

In 2023, market concentration measured using Shannon Entropy, was 2.85. This means that most of the exports of Yarn of other synthetic staple with wool or hair, nes are explained by 7 countries.

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Value of Exports in Yarn of other synthetic staple with wool or hair, nes

Net Trade

TOP NET EXPORTER (2023)Italy$9.96M
TOP NET IMPORTER (2023)Serbia$5.4M

This map shows which countries export or import more of Yarn of other synthetic staple with wool or hair, nes. Each country is colored based on the difference in exports and imports of Yarn of other synthetic staple with wool or hair, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Yarn of other synthetic staple with wool or hair, nes were Italy ($9.96M), China ($8.65M), Chinese Taipei ($1.03M), Romania ($726k), and Lithuania ($470k).

In 2023, the countries that had a largest trade value in imports than in exports of Yarn of other synthetic staple with wool or hair, nes were Serbia ($5.4M), Croatia ($1.83M), Vietnam ($1.6M), Bulgaria ($911k), and Turkey ($614k).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Yarn of other synthetic staple with wool or hair, nes.
It is possible to select the main countries that export or import Yarn of other synthetic staple with wool or hair, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Yarn of other synthetic staple with wool or hair, nes 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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