Rubber BeltingConveyor or transmission belts or belting, of vulcanised rubber
4010 (Harmonized System 1992 for 4-digit)
2021 World Trade: $6.28B, Rnk 480 / 1217
2021 Top Exporter | Top Importer: $1.19B | $676M, China | United States
2021 Product Complexity: 0.76, Rnk 258 / 1024
2020 - 2021 Export Growth (CAGR): 17.8%, Rnk 749 / 1217
2018 Mean Tariff: 10.6%, Rnk 382 / 1259
2021 Share of World Trade: 0.0003%, Rnk 480 / 1217
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.
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.
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.
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.
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