HS Icon Footwear, sole rubber, plastics uppers of leather, ne

640399 (Harmonized System 1992 for 6-digit)

World Trade (2018): $29.3B, Rnk 83 / 4726

Top Exporter (2018): $6.42B, China

Top Importer (2018): $5.23B, United States

Product Complexity (2018): -1.64, Rnk 4572 / 4873

Export Growth (CAGR)(2017 - 2018): 8.22%, Rnk 2927 / 4726

Mean Tariff (2018): 21.7%, Rnk 500 / 6538

Share of World Trade (2018): 0.16%, Rnk 83 / 4726

Overview:  This page contains the latest trade data of Footwear, sole rubber, plastics uppers of leather, ne. In 2018, Footwear, sole rubber, plastics uppers of leather, ne were the world's 83rd most traded product, with a total trade of $29.3B. Between 2017 and 2018 the exports of Footwear, sole rubber, plastics uppers of leather, ne grew by 8.22%, from  $27.1B to $29.3B. Trade in Footwear, sole rubber, plastics uppers of leather, ne represent 0.16% of total world trade.

Exports: In 2018 the top exporters of Footwear, sole rubber, plastics uppers of leather, ne  were China ($6.42B), Vietnam ($4.52B), Italy ($3.16B), Germany ($2.06B), and Indonesia ($1.58B).

Imports: In 2018 the top importers of Footwear, sole rubber, plastics uppers of leather, ne were United States ($5.23B), Germany ($3.24B), France ($1.95B), United Kingdom ($1.6B), and Italy ($1.44B).

Tariffs: In 2018 the average tariff for Footwear, sole rubber, plastics uppers of leather, ne was 21.7%, been the 500 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Footwear, sole rubber, plastics uppers of leather, 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, sole rubber, plastics uppers of leather, ne ranks 4572nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $6.42B

Top Destination (2018): United States, $5.23B

Footwear, sole rubber, plastics uppers of leather, ne are the world's 83rd most traded product.

In 2018, the top exporters of Footwear, sole rubber, plastics uppers of leather, ne were China ($6.42B), Vietnam ($4.52B), Italy ($3.16B), Germany ($2.06B), and Indonesia ($1.58B).

In 2018, the top importers of Footwear, sole rubber, plastics uppers of leather, ne were United States ($5.23B), Germany ($3.24B), France ($1.95B), United Kingdom ($1.6B), and Italy ($1.44B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $646M

Top Destination Growth (2017 - 2018): Germany, $464M

Between 2017 and 2018, the exports of Footwear, sole rubber, plastics uppers of leather, ne grew the fastest in Germany ($646M), Belgium-Luxembourg ($546M), Vietnam ($500M), France ($277M), and Italy ($268M).

Between 2017 and 2018, the fastest growing importers of Footwear, sole rubber, plastics uppers of leather, ne were Germany ($464M), Switzerland ($365M), Poland ($289M), Russia ($151M), and Netherlands ($151M).

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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, sole rubber, plastics uppers of leather, ne.

In 2018,  market concentration measured using Shannon Entropy, was 4.21. This means that most of the exports of Footwear, sole rubber, plastics uppers of leather, ne are explained by 18 countries.

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TOP NET EXPORTER (2018): China, $5.57B

TOP NET IMPORTER (2018): United States, $5.07B

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

In 2018, the countries that had a largest trade value in exports than in imports of Footwear, sole rubber, plastics uppers of leather, ne were China ($5.57B), Vietnam ($4.4B), Italy ($1.72B), Indonesia ($1.53B), and Portugal ($864M).

In 2018, the countries that had a largest trade value in imports than in exports of Footwear, sole rubber, plastics uppers of leather, ne were United States ($5.07B), France ($1.19B), Germany ($1.17B), United Kingdom ($1.16B), and Russia ($985M).

Trade Forecasts

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This section shows forecasts for total trade for Footwear, sole rubber, plastics uppers of leather, 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, sole rubber, plastics uppers of leather, ne was 21.7%.  The countries with the highest tariffs for importing Footwear, sole rubber, plastics uppers of leather, 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.