Rubber Tires4011 (Harmonized System 1992 for 4-digit)
2020 World Trade: $71.6B, Rnk 36 / 1217
2020 Top Exporter | Top Importer: $13.4B | $13.2B, China | United States
2020 Product Complexity: 0.27, Rnk 457 / 1028
2019 - 2020 Export Growth (CAGR): -11.6%, Rnk 785 / 1217
2018 Mean Tariff: 10.2%, Rnk 406 / 1259
2020 Share of World Trade: 0.43%, Rnk 36 / 1217
Overview This page contains the latest trade data of Rubber Tires. In 2020, Rubber Tires were the world's 36th most traded product, with a total trade of $71.6B. Between 2019 and 2020 the exports of Rubber Tires decreased by -11.6%, from $81B to $71.6B. Trade in Rubber Tires represent 0.43% of total world trade.
Rubber Tires are a part of Rubber & articles thereof. They include Pneumatic tyres new of rubber for motor cars, Pneumatic tyres new of rubber for buses or lorries, Pneumatic tyres new of rubber nes, Pneumatic tyres new of rubber nes, herring-bone tread, Pneumatic tyres new of rubber for motorcycles, Pneumatic tyres new of rubber for bicycles, and Pneumatic tyres new of rubber for aircraft.
Exports In 2020 the top exporters of Rubber Tires were China ($13.4B), Thailand ($5.47B), Germany ($4.9B), Japan ($4.26B), and United States ($3.92B).
Imports In 2020 the top importers of Rubber Tires were United States ($13.2B), Germany ($6.04B), France ($3.23B), Netherlands ($2.44B), and Mexico ($2.43B).
Tariffs In 2018 the average tariff for Rubber Tires was 10.2%, making it the 406th lowest tariff using the HS4 product classification.
Ranking Rubber Tires ranks 457th in the Product Complexity Index (PCI).
Description Pneumatic tires are used in a variety of vehicles, including cars, trucks, buses, and forklifts. They provide traction on a variety of surfaces, help reduce the chance of hydroplaning, and have a lower rolling resistance than solid rubber tires.
The following visualization shows the latest trends on Rubber Tires. 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 (2020): China, $13.4B
Top Destination (2020): United States, $13.2B
Rubber Tires are the world's 36th most traded product.
In 2020, the top exporters of Rubber Tires were China ($13.4B), Thailand ($5.47B), Germany ($4.9B), Japan ($4.26B), and United States ($3.92B).
In 2020, the top importers of Rubber Tires were United States ($13.2B), Germany ($6.04B), France ($3.23B), Netherlands ($2.44B), and Mexico ($2.43B).
Trade by country
Top Origin Growth (2019 - 2020): Vietnam, $171M
Top Destination Growth (2019 - 2020): Pakistan, $85.1M
Between 2019 and 2020, the exports of Rubber Tires grew the fastest in Vietnam ($171M), Hong Kong ($35.3M), Chinese Taipei ($33.5M), Sweden ($30.9M), and Latvia ($27M).
Between 2019 and 2020, the fastest growing importers of Rubber Tires were Pakistan ($85.1M), Yemen ($55.9M), Ethiopia ($51.1M), South Korea ($49.2M), and Ghana ($39.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Rubber Tires.
In 2020, market concentration measured using Shannon Entropy, was 4.73. This means that most of the exports of Rubber Tires are explained by 26 countries.
TOP NET EXPORTER (2020): China, $12.5B
TOP NET IMPORTER (2020): United States, $9.3B
This map shows which countries export or import more of Rubber Tires. Each country is colored based on the difference in exports and imports of Rubber Tires during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Rubber Tires were China ($12.5B), Thailand ($5.04B), Japan ($3.21B), South Korea ($1.95B), and India ($1.58B).
In 2020, the countries that had a largest trade value in imports than in exports of Rubber Tires were United States ($9.3B), Australia ($1.99B), United Kingdom ($1.86B), Mexico ($1.27B), and Germany ($1.15B).
In 2020, the world most traded Rubber Tires, disaggragated by their HS6 level were Pneumatic tyres new of rubber for... ($36.8B), Pneumatic tyres new of rubber for... ($21.7B), Pneumatic tyres new of rubber nes ($7.16B), Pneumatic tyres new of rubber nes,... ($2.86B), and Pneumatic tyres new of rubber for... ($1.7B)
This visualization shows the countries that have an important ratio of their trade related to Rubber Tires. It is possible to select the main countries that export or import Rubber Tires 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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