HS Icon Footwear, outer soles/uppers of rubber or plastic, ne

640299 (Harmonized System 1992 for 6-digit)

World Trade (2018): $24.7B, Rnk 106 / 4726

Top Exporter (2018): $14.4B, China

Top Importer (2018): $4.13B, United States

Product Complexity (2018): -2.05, Rnk 4760 / 4873

Export Growth (CAGR)(2017 - 2018): 12.1%, Rnk 2354 / 4726

Mean Tariff (2018): 22.1%, Rnk 476 / 6538

Share of World Trade (2018): 0.13%, Rnk 106 / 4726

Overview:  This page contains the latest trade data of Footwear, outer soles/uppers of rubber or plastic, ne. In 2018, Footwear, outer soles/uppers of rubber or plastic, ne were the world's 106th most traded product, with a total trade of $24.7B. Between 2017 and 2018 the exports of Footwear, outer soles/uppers of rubber or plastic, ne grew by 12.1%, from  $22.1B to $24.7B. Trade in Footwear, outer soles/uppers of rubber or plastic, ne represent 0.13% of total world trade.

Exports: In 2018 the top exporters of Footwear, outer soles/uppers of rubber or plastic, ne  were China ($14.4B), Vietnam ($3.09B), Germany ($1.17B), Belgium-Luxembourg ($618M), and Indonesia ($537M).

Imports: In 2018 the top importers of Footwear, outer soles/uppers of rubber or plastic, ne were United States ($4.13B), Germany ($1.81B), France ($1.23B), Japan ($1.1B), and United Kingdom ($904M).

Tariffs: In 2018 the average tariff for Footwear, outer soles/uppers of rubber or plastic, ne was 22.1%, been the 476 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Footwear, outer soles/uppers of rubber or plastic, ne are Iran (120%), Syria (46%), Egypt (45%), Bolivia (38.5%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Armenia (0%), Hong Kong (0%), Kazakhstan (0%), and Kyrgyzstan (0%).

Ranking: Footwear, outer soles/uppers of rubber or plastic, ne ranks 4760th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $14.4B

Top Destination (2018): United States, $4.13B

Footwear, outer soles/uppers of rubber or plastic, ne are the world's 106th most traded product.

In 2018, the top exporters of Footwear, outer soles/uppers of rubber or plastic, ne were China ($14.4B), Vietnam ($3.09B), Germany ($1.17B), Belgium-Luxembourg ($618M), and Indonesia ($537M).

In 2018, the top importers of Footwear, outer soles/uppers of rubber or plastic, ne were United States ($4.13B), Germany ($1.81B), France ($1.23B), Japan ($1.1B), and United Kingdom ($904M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $993M

Top Destination Growth (2017 - 2018): Germany, $364M

Between 2017 and 2018, the exports of Footwear, outer soles/uppers of rubber or plastic, ne grew the fastest in China ($993M), Germany ($381M), Vietnam ($335M), Belgium-Luxembourg ($236M), and Netherlands ($150M).

Between 2017 and 2018, the fastest growing importers of Footwear, outer soles/uppers of rubber or plastic, ne were Germany ($364M), Poland ($216M), France ($211M), Philippines ($166M), and Vietnam ($153M).

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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 Footwear, outer soles/uppers of rubber or plastic, ne.

In 2018,  market concentration measured using Shannon Entropy, was 2.72. This means that most of the exports of Footwear, outer soles/uppers of rubber or plastic, ne are explained by 6 countries.

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TOP NET EXPORTER (2018): China, $14.1B

TOP NET IMPORTER (2018): United States, $4.03B

This map shows which countries export or import more of Footwear, outer soles/uppers of rubber or plastic, ne. Each country is colored based on the difference in exports and imports of Footwear, outer soles/uppers of rubber or plastic, ne during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Footwear, outer soles/uppers of rubber or plastic, ne were China ($14.1B), Vietnam ($2.76B), Indonesia ($372M), Cambodia ($322M), and Brazil ($218M).

In 2018, the countries that had a largest trade value in imports than in exports of Footwear, outer soles/uppers of rubber or plastic, ne were United States ($4.03B), Japan ($1.09B), France ($908M), United Kingdom ($729M), and Russia ($667M).

Trade Forecasts

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This section shows forecasts for total trade for Footwear, outer soles/uppers of rubber or plastic, ne. 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 Footwear, outer soles/uppers of rubber or plastic, ne was 22.1%.  The countries with the highest tariffs for importing Footwear, outer soles/uppers of rubber or plastic, ne were Iran (120%), Syria (46%), Egypt (45%), Bolivia (38.5%), and Sudan (35%).

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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.