Rubberworking Machinery8477 (Harmonized System 1992 for 4-digit)
2020 World Trade: $25B, Rnk 144 / 1217
2020 Top Exporter | Top Importer: $5.41B | $3.33B, Germany | United States
2020 Product Complexity: 1.51, Rnk 51 / 1028
2019 - 2020 Export Growth (CAGR): -8.8%, Rnk 679 / 1217
2018 Mean Tariff: 3.66%, Rnk 1072 / 1259
2020 Share of World Trade: 0.15%, Rnk 144 / 1217
Overview This page contains the latest trade data of Rubberworking Machinery. In 2020, Rubberworking Machinery were the world's 144th most traded product, with a total trade of $25B. Between 2019 and 2020 the exports of Rubberworking Machinery decreased by -8.8%, from $27.4B to $25B. Trade in Rubberworking Machinery represent 0.15% of total world trade.
Rubberworking Machinery are a part of Machinery, mechanical appliances, & parts. They include Parts of machines for working rubber or plastic, Injection-moulding machines for rubber or plastic, rubber or plastic working machines, nes, Extruders for working rubber or plastic, Blow moulding machines for rubber or plastic, rubber or plastic moulding and forming machines nes, rubber or plastic vacuum moulders, thermoformers, and Pneumatic tyre moulding and retreading machinery, etc.
Exports In 2020 the top exporters of Rubberworking Machinery were Germany ($5.41B), China ($4.74B), Japan ($2.35B), Italy ($2.09B), and Austria ($1.72B).
Imports In 2020 the top importers of Rubberworking Machinery were United States ($3.33B), China ($2.8B), Germany ($1.36B), Vietnam ($948M), and Mexico ($922M).
Tariffs In 2018 the average tariff for Rubberworking Machinery was 3.66%, making it the 1072nd lowest tariff using the HS4 product classification.
Ranking Rubberworking Machinery ranks 51st in the Product Complexity Index (PCI).
Description Machinery for working rubber or plastics is used in the production of other goods. It can be made from a variety of materials, including steel, aluminum, and plastic.
The following visualization shows the latest trends on Rubberworking Machinery. 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): Germany, $5.41B
Top Destination (2020): United States, $3.33B
Rubberworking Machinery are the world's 144th most traded product.
In 2020, the top exporters of Rubberworking Machinery were Germany ($5.41B), China ($4.74B), Japan ($2.35B), Italy ($2.09B), and Austria ($1.72B).
In 2020, the top importers of Rubberworking Machinery were United States ($3.33B), China ($2.8B), Germany ($1.36B), Vietnam ($948M), and Mexico ($922M).
Trade by country
Between 2019 and 2020, the exports of Rubberworking Machinery grew the fastest in Spain ($88.8M), Hong Kong ($45M), Philippines ($16.8M), Malaysia ($12.2M), and Switzerland ($12M).
Between 2019 and 2020, the fastest growing importers of Rubberworking Machinery were Turkey ($231M), Netherlands ($131M), South Korea ($65.1M), Russia ($60.4M), and Saudi Arabia ($28.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Rubberworking Machinery.
In 2020, market concentration measured using Shannon Entropy, was 3.94. This means that most of the exports of Rubberworking Machinery are explained by 15 countries.
TOP NET EXPORTER (2020): Germany, $4.06B
TOP NET IMPORTER (2020): United States, $2.14B
This map shows which countries export or import more of Rubberworking Machinery. Each country is colored based on the difference in exports and imports of Rubberworking Machinery during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Rubberworking Machinery were Germany ($4.06B), China ($1.94B), Japan ($1.77B), Italy ($1.56B), and Austria ($1.36B).
In 2020, the countries that had a largest trade value in imports than in exports of Rubberworking Machinery were United States ($2.14B), Vietnam ($923M), Mexico ($865M), Thailand ($624M), and Russia ($586M).
In 2020, the world most traded Rubberworking Machinery, disaggragated by their HS6 level were Parts of machines for working rubber... ($6.93B), rubber or plastic working machines, nes ($6.06B), Injection-moulding machines for rubber or plastic ($5.32B), Extruders for working rubber or plastic ($2.98B), and Blow moulding machines for rubber or... ($1.41B)
This visualization shows the countries that have an important ratio of their trade related to Rubberworking Machinery. It is possible to select the main countries that export or import Rubberworking Machinery 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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