https://github.com/sajalvats/export-strategy-development

The project involved 6-digit product selection for HS 57 (Carpets & other textile floorings) and export destination selection using Trade Analytics
https://github.com/sajalvats/export-strategy-development

hs-codes product-market-selection trade-indicators trade-map

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The project involved 6-digit product selection for HS 57 (Carpets & other textile floorings) and export destination selection using Trade Analytics

• Host: GitHub
• URL: https://github.com/sajalvats/export-strategy-development
• Owner: SajalVats
• Created: 2024-06-20T10:58:00.000Z (8 months ago)
• Default Branch: main
• Last Pushed: 2024-06-20T12:50:39.000Z (8 months ago)
• Last Synced: 2024-11-26T07:12:42.805Z (2 months ago)
• Topics: hs-codes, product-market-selection, trade-indicators, trade-map
• Homepage:
• Size: 3.15 MB
• Stars: 0
• Watchers: 1
• Forks: 0
• Open Issues: 0
• Metadata Files:
  • Readme: README.md

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README

        
# Export Strategy Analysis for Carpets HS 57

![Project Image](https://github.com/SajalVats/Photo/blob/main/HS%2057%20Carpet%20Image.jpg)

## Overview

This project focuses on determining a suitable export destination and product for HS code 57, specifically woven carpets (HS 570232). The analysis includes evaluating various trade metrics and selecting the best product and export destination based on these metrics.

## Approach

The approach involves:

1. **Product Selection**: Using trade metrics like SHI, RHI, EPI, RCA, and PHI to identify HS 570232 as the optimal product.

2. **Export Destination Selection**: Analyzing import growth values, BOT, and RHI to select Switzerland as the target export destination.

## Trade Metrics Used

- **SHI (Standardized Herfindahl Index)**: Measures export diversification across 6-digit codes for Chapter 57.

- **RHI (Revealed Herfindahl Index)**: Indicates the concentration of export destinations.

- **EPI (Export Propensity Index)**: Evaluates potential for future exports.

- **RCA (Revealed Comparative Advantage)**: Identifies products with significant export potential.

- **PHI (Product Herfindahl Index)**: Assesses market structure and competition level.

## Insights

The analysis led to the selection of HS 570232 due to its high RCA value and positive trend. Switzerland was chosen as the export destination due to favorable trade metrics and higher import penetration.

## Detailed Calculations

The project includes comprehensive calculations for the following:

- **Product Selection**: RCA trends, PHI values, and other relevant trade metrics.

- **Export Destination**: Import growth, BOT analysis, RHI values, and TII calculations.

## Benefits

The insights derived from this project can guide startups in the carpet industry to strategically enter new markets and optimize their export strategies.