HS Icon Used Rubber Tires

4012 (Harmonized System 1992 for 4-digit)

World Trade (2018): $2.73B, Rnk 652 / 1225

Top Exporter (2018): $361M, Sri Lanka

Top Importer (2018): $371M, United States

Product Complexity (2018): 0.073, Rnk 517 / 1018

Export Growth (CAGR)(2017 - 2018): 10.2%, Rnk 769 / 1225

Mean Tariff (2018): 14.9%, Rnk 204 / 1259

Share of World Trade (2018): 0.015%, Rnk 652 / 1225

Overview: In 2018, Used Rubber Tires were the world's 652nd most traded product, with a total trade of $2.73B. Between 2017 and 2018 the exports of Used Rubber Tires grew by 10.2%, from  $2.48B to $2.73B. Trade in Used Rubber Tires represent 0.015% of total world trade.

Exports: In 2018 the top exporters of Used Rubber Tires  were Sri Lanka ($361M), Germany ($301M), China ($183M), Belgium-Luxembourg ($173M), and France ($173M).

Imports: In 2018 the top importers of Used Rubber Tires were United States ($371M), Germany ($238M), France ($199M), Netherlands ($129M), and United Kingdom ($98.9M).

Tariffs: In 2018 the average tariff for Used Rubber Tires was 14.9%, been the 204 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Used Rubber Tires are Iran (51.1%), Angola (50%), Maldives (42.1%), Bermuda (35%), and Cambodia (34.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Used Rubber Tires ranks 517th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Sri Lanka, $361M

Top Destination (2018): United States, $371M

Used Rubber Tires are the world's 652nd most traded product.

In 2018, the top exporters of Used Rubber Tires were Sri Lanka ($361M), Germany ($301M), China ($183M), Belgium-Luxembourg ($173M), and France ($173M).

In 2018, the top importers of Used Rubber Tires were United States ($371M), Germany ($238M), France ($199M), Netherlands ($129M), and United Kingdom ($98.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United Arab Emirates, $73.5M

Top Destination Growth (2017 - 2018): Iran, $37.9M

Between 2017 and 2018, the exports of Used Rubber Tires grew the fastest in United Arab Emirates ($73.5M), Belgium-Luxembourg ($41.9M), Netherlands ($33.5M), Germany ($28.6M), and United States ($21.5M).

Between 2017 and 2018, the fastest growing importers of Used Rubber Tires were Iran ($37.9M), France ($32.3M), Germany ($30.4M), Poland ($15.5M), and Kazakhstan ($15.1M).

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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 Used Rubber Tires.

In 2018,  market concentration measured using Shannon Entropy, was 4.68. This means that most of the exports of Used Rubber Tires are explained by 25 countries.

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TOP NET EXPORTER (2018): Sri Lanka, $360M

TOP NET IMPORTER (2018): United States, $223M

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

In 2018, the countries that had a largest trade value in exports than in imports of Used Rubber Tires were Sri Lanka ($360M), China ($109M), Belgium-Luxembourg ($88.7M), Japan ($83.9M), and Brazil ($64.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Used Rubber Tires were United States ($223M), Canada ($75.9M), Iran ($42.3M), Italy ($35.1M), and Turkey ($33.5M).

Trade Forecasts

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This section shows forecasts for total trade for Used 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 Used Rubber Tires was 14.9%.  The countries with the highest tariffs for importing Used Rubber Tires were Iran (51.1%), Angola (50%), Maldives (42.1%), Bermuda (35%), and Cambodia (34.3%).

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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.