HS Icon Rubber Belting

Conveyor or transmission belts or belting, of vulcanised rubber

4010 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Rubber Belting. In 2021, Rubber Belting were the world's 480th most traded product, with a total trade of $6.28B. Between 2020 and 2021 the exports of Rubber Belting grew by 17.8%, from $5.33B to $6.28B. Trade in Rubber Belting represent 0.0003% of total world trade.

Rubber Belting are a part of Rubber & articles thereof. They include Conveyor, transmission belts and belting, rubber nes, Transmission belts etc, rubber, trapezoidal, and Conveyor belts and belting, rubber, <20cm wide.

Exports In 2021 the top exporters of Rubber Belting  were China ($1.19B), Germany ($951M), United States ($438M), Japan ($391M), and Italy ($293M).

Imports In 2021 the top importers of Rubber Belting were United States ($676M), Germany ($538M), France ($294M), Canada ($246M), and Russia ($214M).

Tariffs In 2018 the average tariff for Rubber Belting was 10.6%, making it the 382nd lowest tariff using the HS4 product classification.

Ranking Rubber Belting ranks 258th in the Product Complexity Index (PCI).

Description Vulcanised rubber conveyor or transmission belts are used to transmit power from a motor to machinery or equipment. The belt is wrapped around two pulleys, which are then connected to the machine.

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Y-AXIS SCALE

The following visualization shows the latest trends on Rubber Belting. 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, $1.19B

Top Destination (2021): United States, $676M

Rubber Belting are the world's 480th most traded product.

In 2021, the top exporters of Rubber Belting were China ($1.19B), Germany ($951M), United States ($438M), Japan ($391M), and Italy ($293M).

In 2021, the top importers of Rubber Belting were United States ($676M), Germany ($538M), France ($294M), Canada ($246M), and Russia ($214M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): China, $235M

Top Destination Growth (2020 -  2021): Germany, $121M

Between 2020 and 2021, the exports of Rubber Belting grew the fastest in China ($235M), Germany ($121M), Japan ($87.5M), Poland ($49.1M), and Romania ($44.7M).

Between 2020 and 2021, the fastest growing importers of Rubber Belting were Germany ($121M), United States ($100M), Belgium ($51M), Canada ($49.4M), and Italy ($48.9M).

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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 Belting.

In 2021, market concentration measured using Shannon Entropy, was 4.43. This means that most of the exports of Rubber Belting are explained by 21 countries.

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TOP NET EXPORTER (2021): China, $1.01B

TOP NET IMPORTER (2021): United States, $238M

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

In 2021, the countries that had a largest trade value in exports than in imports of Rubber Belting were China ($1.01B), Germany ($413M), Japan ($314M), Romania ($126M), and Poland ($104M).

In 2021, the countries that had a largest trade value in imports than in exports of Rubber Belting were United States ($238M), Canada ($175M), Russia ($161M), France ($118M), and Australia ($113M).

Disaggregation

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Value

In 2021, the world most traded Rubber Belting, disaggragated by their HS6 level were Conveyor, transmission belts and belting, rubber... ($4.74B), Transmission belts etc, rubber, trapezoidal ($1.52B), and Conveyor belts and belting, rubber, <20cm... ($15.7M)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Rubber Belting.
It is possible to select the main countries that export or import Rubber Belting 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.

Country by Relatedness

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