HS Icon Rubber Tires

4011 (Harmonized System 1992 for 4-digit)

World Trade (2018): $81.5B, Rnk 33 / 1225

Top Exporter (2018): $15.1B, China

Top Importer (2018): $14.3B, United States

Product Complexity (2018): 0.27, Rnk 451 / 1018

Export Growth (CAGR)(2017 - 2018): 8.24%, Rnk 855 / 1225

Mean Tariff (2018): 10.4%, Rnk 407 / 1259

Share of World Trade (2018): 0.44%, Rnk 33 / 1225

Overview:  This page contains the latest trade data of Rubber Tires. In 2018, Rubber Tires were the world's 33rd most traded product, with a total trade of $81.5B. Between 2017 and 2018 the exports of Rubber Tires grew by 8.24%, from  $75.3B to $81.5B. Trade in Rubber Tires represent 0.44% of total world trade.

Exports: In 2018 the top exporters of Rubber Tires  were China ($15.1B), Germany ($5.97B), Japan ($5.33B), Thailand ($5.14B), and United States ($4.99B).

Imports: In 2018 the top importers of Rubber Tires were United States ($14.3B), Germany ($7.33B), France ($3.8B), Canada ($3.12B), and Mexico ($3B).

Tariffs: In 2018 the average tariff for Rubber Tires was 10.4%, been the 407 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rubber Tires are Maldives (36.2%), Bermuda (35%), Sudan (35%), Cape Verde (27.9%), and Sri Lanka (26.2%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Rubber Tires ranks 451st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $15.1B

Top Destination (2018): United States, $14.3B

Rubber Tires are the world's 33rd most traded product.

In 2018, the top exporters of Rubber Tires were China ($15.1B), Germany ($5.97B), Japan ($5.33B), Thailand ($5.14B), and United States ($4.99B).

In 2018, the top importers of Rubber Tires were United States ($14.3B), Germany ($7.33B), France ($3.8B), Canada ($3.12B), and Mexico ($3B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): China, $1.26B

Top Destination Growth (2017 - 2018): United States, $837M

Between 2017 and 2018, the exports of Rubber Tires grew the fastest in China ($1.26B), Thailand ($905M), United States ($704M), United Arab Emirates ($613M), and Germany ($460M).

Between 2017 and 2018, the fastest growing importers of Rubber Tires were United States ($837M), Germany ($468M), Italy ($394M), France ($333M), and Iran ($247M).

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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 Rubber Tires.

In 2018,  market concentration measured using Shannon Entropy, was 4.71. This means that most of the exports of Rubber Tires are explained by 26 countries.

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TOP NET EXPORTER (2018): China, $14.4B

TOP NET IMPORTER (2018): United States, $9.31B

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

In 2018, the countries that had a largest trade value in exports than in imports of Rubber Tires were China ($14.4B), Thailand ($4.69B), Japan ($4.19B), South Korea ($2.8B), and India ($1.46B).

In 2018, the countries that had a largest trade value in imports than in exports of Rubber Tires were United States ($9.31B), Australia ($2.06B), United Kingdom ($1.96B), Mexico ($1.94B), and Canada ($1.4B).

Trade Forecasts

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This section shows forecasts for total trade for Rubber Tires. 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 Rubber Tires was 10.4%.  The countries with the highest tariffs for importing Rubber Tires were Maldives (36.2%), Bermuda (35%), Sudan (35%), Cape Verde (27.9%), and Sri Lanka (26.2%).

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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.