HS Icon Pneumatic tyres new of rubber for motor cars

401110 (Harmonized System 1992 for 6-digit)

World Trade (2018): $42.7B, Rnk 53 / 4726

Top Exporter (2018): $5.57B, China

Top Importer (2018): $8.15B, United States

Product Complexity (2018): 0.33, Rnk 2029 / 4873

Export Growth (CAGR)(2017 - 2018): 6.05%, Rnk 3209 / 4726

Mean Tariff (2018): 14.9%, Rnk 1195 / 6538

Share of World Trade (2018): 0.23%, Rnk 53 / 4726

Overview:  This page contains the latest trade data of Pneumatic tyres new of rubber for motor cars. In 2018, Pneumatic tyres new of rubber for motor cars were the world's 53rd most traded product, with a total trade of $42.7B. Between 2017 and 2018 the exports of Pneumatic tyres new of rubber for motor cars grew by 6.05%, from  $40.2B to $42.7B. Trade in Pneumatic tyres new of rubber for motor cars represent 0.23% of total world trade.

Exports: In 2018 the top exporters of Pneumatic tyres new of rubber for motor cars  were China ($5.57B), Germany ($4.28B), Thailand ($2.8B), South Korea ($2.57B), and Japan ($2.04B).

Imports: In 2018 the top importers of Pneumatic tyres new of rubber for motor cars were United States ($8.15B), Germany ($4.58B), France ($2.22B), United Kingdom ($2B), and Netherlands ($1.68B).

Tariffs: In 2018 the average tariff for Pneumatic tyres new of rubber for motor cars was 14.9%, been the 1195 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Pneumatic tyres new of rubber for motor cars are Iran (50%), Maldives (48.8%), Malaysia (40%), Bermuda (35%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Pneumatic tyres new of rubber for motor cars ranks 2029th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $5.57B

Top Destination (2018): United States, $8.15B

Pneumatic tyres new of rubber for motor cars are the world's 53rd most traded product.

In 2018, the top exporters of Pneumatic tyres new of rubber for motor cars were China ($5.57B), Germany ($4.28B), Thailand ($2.8B), South Korea ($2.57B), and Japan ($2.04B).

In 2018, the top importers of Pneumatic tyres new of rubber for motor cars were United States ($8.15B), Germany ($4.58B), France ($2.22B), United Kingdom ($2B), and Netherlands ($1.68B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $439M

Top Destination Growth (2017 - 2018): United States, $462M

Between 2017 and 2018, the exports of Pneumatic tyres new of rubber for motor cars grew the fastest in United Arab Emirates ($439M), Thailand ($421M), China ($323M), Germany ($250M), and Hungary ($217M).

Between 2017 and 2018, the fastest growing importers of Pneumatic tyres new of rubber for motor cars were United States ($462M), Italy ($285M), Spain ($168M), Iran ($167M), and Germany ($156M).

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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 Pneumatic tyres new of rubber for motor cars.

In 2018,  market concentration measured using Shannon Entropy, was 4.8. This means that most of the exports of Pneumatic tyres new of rubber for motor cars are explained by 27 countries.

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TOP NET EXPORTER (2018): China, $5.1B

TOP NET IMPORTER (2018): United States, $6.46B

This map shows which countries export or import more of Pneumatic tyres new of rubber for motor cars. Each country is colored based on the difference in exports and imports of Pneumatic tyres new of rubber for motor cars during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Pneumatic tyres new of rubber for motor cars were China ($5.1B), Thailand ($2.54B), South Korea ($2.1B), Indonesia ($1.25B), and Japan ($1.23B).

In 2018, the countries that had a largest trade value in imports than in exports of Pneumatic tyres new of rubber for motor cars were United States ($6.46B), United Kingdom ($1.42B), France ($755M), Canada ($725M), and Australia ($645M).

Trade Forecasts

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This section shows forecasts for total trade for Pneumatic tyres new of rubber for motor cars. 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 Pneumatic tyres new of rubber for motor cars was 14.9%.  The countries with the highest tariffs for importing Pneumatic tyres new of rubber for motor cars were Iran (50%), Maldives (48.8%), Malaysia (40%), Bermuda (35%), 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.