HS Icon Styrene-butadiene rubber (SBR/XSBR) latex

400211 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.26B, Rnk 1774 / 4726

Top Exporter (2018): $419M, Germany

Top Importer (2018): $194M, China

Product Complexity (2018): 1.05, Rnk 689 / 4873

Export Growth (CAGR)(2017 - 2018): 4.29%, Rnk 3414 / 4726

Mean Tariff (2018): 3.25%, Rnk 5568 / 6538

Share of World Trade (2018): 0.0069%, Rnk 1774 / 4726

Overview:  This page contains the latest trade data of Styrene-butadiene rubber (SBR/XSBR) latex. In 2018, Styrene-butadiene rubber (SBR/XSBR) latex were the world's 1774th most traded product, with a total trade of $1.26B. Between 2017 and 2018 the exports of Styrene-butadiene rubber (SBR/XSBR) latex grew by 4.29%, from  $1.21B to $1.26B. Trade in Styrene-butadiene rubber (SBR/XSBR) latex represent 0.0069% of total world trade.

Exports: In 2018 the top exporters of Styrene-butadiene rubber (SBR/XSBR) latex  were Germany ($419M), United States ($160M), Netherlands ($116M), Belgium-Luxembourg ($104M), and Japan ($98.6M).

Imports: In 2018 the top importers of Styrene-butadiene rubber (SBR/XSBR) latex were China ($194M), Belgium-Luxembourg ($131M), Italy ($59.6M), Canada ($58.3M), and France ($56.1M).

Tariffs: In 2018 the average tariff for Styrene-butadiene rubber (SBR/XSBR) latex was 3.25%, been the 5568 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Styrene-butadiene rubber (SBR/XSBR) latex are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Liberia (18.9%), and Azerbaijan (14.4%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Styrene-butadiene rubber (SBR/XSBR) latex ranks 689th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $419M

Top Destination (2018): China, $194M

Styrene-butadiene rubber (SBR/XSBR) latex are the world's 1774th most traded product.

In 2018, the top exporters of Styrene-butadiene rubber (SBR/XSBR) latex were Germany ($419M), United States ($160M), Netherlands ($116M), Belgium-Luxembourg ($104M), and Japan ($98.6M).

In 2018, the top importers of Styrene-butadiene rubber (SBR/XSBR) latex were China ($194M), Belgium-Luxembourg ($131M), Italy ($59.6M), Canada ($58.3M), and France ($56.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chinese Taipei, $32.2M

Top Destination Growth (2017 - 2018): Vietnam, $22.3M

Between 2017 and 2018, the exports of Styrene-butadiene rubber (SBR/XSBR) latex grew the fastest in Chinese Taipei ($32.2M), Germany ($23.4M), Japan ($21.9M), Belgium-Luxembourg ($15.1M), and Hong Kong ($5.04M).

Between 2017 and 2018, the fastest growing importers of Styrene-butadiene rubber (SBR/XSBR) latex were Vietnam ($22.3M), Belgium-Luxembourg ($13.1M), Italy ($7.34M), South Korea ($6.86M), and Slovenia ($6.65M).

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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 Styrene-butadiene rubber (SBR/XSBR) latex.

In 2018,  market concentration measured using Shannon Entropy, was 3.57. This means that most of the exports of Styrene-butadiene rubber (SBR/XSBR) latex are explained by 11 countries.

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TOP NET EXPORTER (2018): Germany, $376M

TOP NET IMPORTER (2018): China, $173M

This map shows which countries export or import more of Styrene-butadiene rubber (SBR/XSBR) latex. Each country is colored based on the difference in exports and imports of Styrene-butadiene rubber (SBR/XSBR) latex during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Styrene-butadiene rubber (SBR/XSBR) latex were Germany ($376M), United States ($139M), Japan ($93.6M), Netherlands ($62.5M), and Chinese Taipei ($37.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Styrene-butadiene rubber (SBR/XSBR) latex were China ($173M), Canada ($58M), France ($51.3M), Turkey ($39.8M), and United Kingdom ($36.7M).

Trade Forecasts

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This section shows forecasts for total trade for Styrene-butadiene rubber (SBR/XSBR) latex. 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 Styrene-butadiene rubber (SBR/XSBR) latex was 3.25%.  The countries with the highest tariffs for importing Styrene-butadiene rubber (SBR/XSBR) latex were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Liberia (18.9%), and Azerbaijan (14.4%).

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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.