Overview: In 2018, Rubber were the world's 262nd most traded product, with a total trade of $13.9B. Between 2017 and 2018 the exports of Rubber decreased by -17.8%, from $16.9B to $13.9B. Trade in Rubber represent 0.076% of total world trade.
Exports: In 2018 the top exporters of Rubber were Thailand ($4.63B), Indonesia ($4.41B), Malaysia ($1.07B), Vietnam ($948M), and Cote d'Ivoire ($886M).
Imports: In 2018 the top importers of Rubber were China ($3.5B), United States ($1.6B), Malaysia ($1.17B), Japan ($1.08B), and India ($889M).
Tariffs: In 2018 the average tariff for Rubber was 2.16%, been the 1218 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Rubber are Bahamas (40.2%), India (26.1%), Bermuda (25%), Maldives (19.6%), and China (18.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Rubber ranks 1012th in the Product Complexity Index (PCI).