HS Icon Compounded Unvulcanised Rubber

4005 (Harmonized System 1992 for 4-digit)

World Trade (2018): $6.4B, Rnk 444 / 1225

Top Exporter (2018): $1.1B, Germany

Top Importer (2018): $570M, China

Product Complexity (2018): 0.84, Rnk 228 / 1018

Export Growth (CAGR)(2017 - 2018): 8.28%, Rnk 853 / 1225

Mean Tariff (2018): 4.76%, Rnk 864 / 1259

Share of World Trade (2018): 0.035%, Rnk 444 / 1225

Overview:  This page contains the latest trade data of Compounded Unvulcanised Rubber. In 2018, Compounded Unvulcanised Rubber were the world's 444th most traded product, with a total trade of $6.4B. Between 2017 and 2018 the exports of Compounded Unvulcanised Rubber grew by 8.28%, from  $5.91B to $6.4B. Trade in Compounded Unvulcanised Rubber represent 0.035% of total world trade.

Exports: In 2018 the top exporters of Compounded Unvulcanised Rubber  were Germany ($1.1B), United States ($821M), Italy ($548M), France ($466M), and Thailand ($371M).

Imports: In 2018 the top importers of Compounded Unvulcanised Rubber were China ($570M), Germany ($551M), United States ($544M), Poland ($520M), and France ($349M).

Tariffs: In 2018 the average tariff for Compounded Unvulcanised Rubber was 4.76%, been the 864 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Compounded Unvulcanised Rubber are Bahamas (40.2%), Bermuda (25%), Uzbekistan (23.9%), Malaysia (21.3%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Compounded Unvulcanised Rubber ranks 228th in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Germany, $1.1B

Top Destination (2018): China, $570M

Compounded Unvulcanised Rubber are the world's 444th most traded product.

In 2018, the top exporters of Compounded Unvulcanised Rubber were Germany ($1.1B), United States ($821M), Italy ($548M), France ($466M), and Thailand ($371M).

In 2018, the top importers of Compounded Unvulcanised Rubber were China ($570M), Germany ($551M), United States ($544M), Poland ($520M), and France ($349M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $125M

Top Destination Growth (2017 - 2018): China, $74.2M

Between 2017 and 2018, the exports of Compounded Unvulcanised Rubber grew the fastest in Thailand ($125M), Germany ($96M), Belgium-Luxembourg ($74.4M), United States ($50.7M), and Canada ($44.8M).

Between 2017 and 2018, the fastest growing importers of Compounded Unvulcanised Rubber were China ($74.2M), United States ($54.6M), Spain ($36.6M), Mexico ($33.4M), and Japan ($22.1M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Compounded Unvulcanised Rubber.

In 2018,  market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Compounded Unvulcanised Rubber are explained by 20 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Germany, $553M

TOP NET IMPORTER (2018): China, $505M

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

In 2018, the countries that had a largest trade value in exports than in imports of Compounded Unvulcanised Rubber were Germany ($553M), Thailand ($299M), Italy ($295M), United States ($277M), and Japan ($119M).

In 2018, the countries that had a largest trade value in imports than in exports of Compounded Unvulcanised Rubber were China ($505M), Mexico ($293M), Poland ($266M), Spain ($108M), and Slovakia ($89.7M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Compounded Unvulcanised Rubber. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Compounded Unvulcanised Rubber was 4.76%.  The countries with the highest tariffs for importing Compounded Unvulcanised Rubber were Bahamas (40.2%), Bermuda (25%), Uzbekistan (23.9%), Malaysia (21.3%), and Maldives (19.6%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.