HS Icon Rubber & articles thereof

Rubber and articles thereof

40 (Harmonized System 1992 for 2-digit)

Overview This page contains the latest trade data of Rubber & articles thereof. In 2021, Rubber & articles thereof were the world's 17th most traded product, with a total trade of $229B. Between 2020 and 2021 the exports of Rubber & articles thereof grew by 28.1%, from $179B to $229B. Trade in Rubber & articles thereof represent 1.09% of total world trade.

Rubber & articles thereof are a part of Plastics and Rubbers. They include Rubber & articles thereof.

Exports In 2021 the top exporters of Rubber & articles thereof  were China ($32.5B), Thailand ($20.4B), Germany ($17.7B), Malaysia ($17B), and United States ($13.1B).

Imports In 2021 the top importers of Rubber & articles thereof were United States ($38.5B), China ($17.1B), Germany ($16.5B), France ($8.41B), and Canada ($7.29B).

Tariffs In 2018 the average tariff for Rubber & articles thereof was 7.78%, making it the 58th lowest tariff using the HS2 product classification.

Ranking Rubber & articles thereof ranks 24th in the Product Complexity Index (PCI).

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Y-AXIS SCALE

The following visualization shows the latest trends on Rubber & articles thereof. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): China, $32.5B

Top Destination (2021): United States, $38.5B

Rubber & articles thereof are the world's 17th most traded product.

In 2021, the top exporters of Rubber & articles thereof were China ($32.5B), Thailand ($20.4B), Germany ($17.7B), Malaysia ($17B), and United States ($13.1B).

In 2021, the top importers of Rubber & articles thereof were United States ($38.5B), China ($17.1B), Germany ($16.5B), France ($8.41B), and Canada ($7.29B).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): China, $9.34B

Top Destination Growth (2020 -  2021): United States, $11B

Between 2020 and 2021, the exports of Rubber & articles thereof grew the fastest in China ($9.34B), Malaysia ($5.68B), Thailand ($4.48B), Germany ($2.85B), and Japan ($1.9B).

Between 2020 and 2021, the fastest growing importers of Rubber & articles thereof were United States ($11B), Germany ($2.49B), China ($2.17B), France ($1.9B), and Italy ($1.68B).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Rubber & articles thereof.

In 2021, market concentration measured using Shannon Entropy, was 4.88. This means that most of the exports of Rubber & articles thereof are explained by 29 countries.

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TOP NET EXPORTER (2021): Thailand, $17.5B

TOP NET IMPORTER (2021): United States, $25.4B

This map shows which countries export or import more of Rubber & articles thereof. Each country is colored based on the difference in exports and imports of Rubber & articles thereof during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Rubber & articles thereof were Thailand ($17.5B), China ($15.4B), Malaysia ($11.6B), South Korea ($5.44B), and Japan ($5.42B).

In 2021, the countries that had a largest trade value in imports than in exports of Rubber & articles thereof were United States ($25.4B), Canada ($3.94B), United Kingdom ($3.58B), Australia ($3.46B), and Mexico ($2.86B).

Disaggregation

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Value
Disaggregation

In 2021, the world most traded Rubber & articles thereof, disaggragated by their HS6 level were Rubber & articles thereof ($229B)

Country Comparison

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Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Rubber & articles thereof.
It is possible to select the main countries that export or import Rubber & articles thereof in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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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.