HS Icon Rubber Textiles

5604 (Harmonized System 1992 for 4-digit)

World Trade (2018): $568M, Rnk 1014 / 1225

Top Exporter (2018): $178M, China

Top Importer (2018): $38.2M, China

Export Growth (CAGR)(2017 - 2018): 19.6%, Rnk 345 / 1225

Mean Tariff (2018): 7.62%, Rnk 572 / 1259

Share of World Trade (2018): 0.0031%, Rnk 1014 / 1225

Overview: In 2018, Rubber Textiles were the world's 1014th most traded product, with a total trade of $568M. Between 2017 and 2018 the exports of Rubber Textiles grew by 19.6%, from  $475M to $568M. Trade in Rubber Textiles represent 0.0031% of total world trade.

Exports: In 2018 the top exporters of Rubber Textiles  were China ($178M), Italy ($72.7M), France ($40.1M), Japan ($29.6M), and Germany ($25.6M).

Imports: In 2018 the top importers of Rubber Textiles were China ($38.2M), Germany ($34.3M), Mexico ($31.4M), United States ($29.8M), and Vietnam ($29.7M).

Tariffs: In 2018 the average tariff for Rubber Textiles was 7.62%, been the 572 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rubber Textiles are Bahamas (40.2%), Ethiopia (34.7%), Bermuda (25%), Bangladesh (24.5%), and Zambia (22.7%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Lebanon (0%), and Sri Lanka (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $178M

Top Destination (2018): China, $38.2M

Rubber Textiles are the world's 1014th most traded product.

In 2018, the top exporters of Rubber Textiles were China ($178M), Italy ($72.7M), France ($40.1M), Japan ($29.6M), and Germany ($25.6M).

In 2018, the top importers of Rubber Textiles were China ($38.2M), Germany ($34.3M), Mexico ($31.4M), United States ($29.8M), and Vietnam ($29.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $43.5M

Top Destination Growth (2017 - 2018): Germany, $14.9M

Between 2017 and 2018, the exports of Rubber Textiles grew the fastest in China ($43.5M), Italy ($11.5M), United Arab Emirates ($9.89M), France ($8.02M), and Netherlands ($5.61M).

Between 2017 and 2018, the fastest growing importers of Rubber Textiles were Germany ($14.9M), Vietnam ($9.89M), Mexico ($8.78M), Romania ($7.21M), and United States ($6.63M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Rubber Textiles.

In 2018,  market concentration measured using Shannon Entropy, was 4. This means that most of the exports of Rubber Textiles are explained by 16 countries.

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TOP NET EXPORTER (2018): China, $140M

TOP NET IMPORTER (2018): Mexico, $30.6M

This map shows which countries export or import more of Rubber Textiles. Each country is colored based on the difference in exports and imports of Rubber Textiles during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Rubber Textiles were China ($140M), Italy ($64.2M), France ($20.3M), Japan ($17.2M), and Chinese Taipei ($12.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Rubber Textiles were Mexico ($30.6M), Philippines ($28.1M), Romania ($26.8M), Vietnam ($16.8M), and Indonesia ($16.5M).

Trade Forecasts

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This section shows forecasts for total trade for Rubber Textiles. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Rubber Textiles was 7.62%.  The countries with the highest tariffs for importing Rubber Textiles were Bahamas (40.2%), Ethiopia (34.7%), Bermuda (25%), Bangladesh (24.5%), and Zambia (22.7%).

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Product Complexity

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Diversification Frontier

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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.