HS Icon Rubber Textile Fabric

5906 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.57B, Rnk 801 / 1225

Top Exporter (2018): $342M, Germany

Top Importer (2018): $168M, United States

Product Complexity (2018): 1.18, Rnk 111 / 1018

Export Growth (CAGR)(2017 - 2018): 8.91%, Rnk 822 / 1225

Mean Tariff (2018): 11.2%, Rnk 359 / 1259

Share of World Trade (2018): 0.0085%, Rnk 801 / 1225

Overview:  This page contains the latest trade data of Rubber Textile Fabric. In 2018, Rubber Textile Fabric were the world's 801st most traded product, with a total trade of $1.57B. Between 2017 and 2018 the exports of Rubber Textile Fabric grew by 8.91%, from  $1.44B to $1.57B. Trade in Rubber Textile Fabric represent 0.0085% of total world trade.

Exports: In 2018 the top exporters of Rubber Textile Fabric  were Germany ($342M), China ($216M), United States ($199M), Italy ($84.7M), and Chinese Taipei ($76.4M).

Imports: In 2018 the top importers of Rubber Textile Fabric were United States ($168M), Germany ($136M), China ($88.9M), Mexico ($88.1M), and Canada ($57.1M).

Tariffs: In 2018 the average tariff for Rubber Textile Fabric was 11.2%, been the 359 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rubber Textile Fabric are Bahamas (40.2%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Uzbekistan (28.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Lebanon (0%), Sri Lanka (0%), and Singapore (0%).

Ranking: Rubber Textile Fabric ranks 111th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $342M

Top Destination (2018): United States, $168M

Rubber Textile Fabric are the world's 801st most traded product.

In 2018, the top exporters of Rubber Textile Fabric were Germany ($342M), China ($216M), United States ($199M), Italy ($84.7M), and Chinese Taipei ($76.4M).

In 2018, the top importers of Rubber Textile Fabric were United States ($168M), Germany ($136M), China ($88.9M), Mexico ($88.1M), and Canada ($57.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $53.9M

Top Destination Growth (2017 - 2018): Canada, $30.7M

Between 2017 and 2018, the exports of Rubber Textile Fabric grew the fastest in United States ($53.9M), Chinese Taipei ($19.7M), Germany ($18.3M), Belgium-Luxembourg ($15.3M), and Italy ($12.2M).

Between 2017 and 2018, the fastest growing importers of Rubber Textile Fabric were Canada ($30.7M), Vietnam ($28.2M), Thailand ($13.9M), Mexico ($13M), and Israel ($10.7M).

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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 Textile Fabric.

In 2018,  market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Rubber Textile Fabric are explained by 17 countries.

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TOP NET EXPORTER (2018): Germany, $205M

TOP NET IMPORTER (2018): Mexico, $77.9M

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

In 2018, the countries that had a largest trade value in exports than in imports of Rubber Textile Fabric were Germany ($205M), China ($127M), Chinese Taipei ($73.4M), Belgium-Luxembourg ($47.1M), and Italy ($41.8M).

In 2018, the countries that had a largest trade value in imports than in exports of Rubber Textile Fabric were Mexico ($77.9M), Hungary ($48M), Vietnam ($38.4M), Romania ($30.1M), and India ($28M).

Trade Forecasts

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This section shows forecasts for total trade for Rubber Textile Fabric. 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 Textile Fabric was 11.2%.  The countries with the highest tariffs for importing Rubber Textile Fabric were Bahamas (40.2%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Uzbekistan (28.7%).

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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.