HS Icon Rubber Inner Tubes

4013 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.14B, Rnk 883 / 1225

Top Exporter (2018): $478M, China

Top Importer (2018): $88.2M, United States

Product Complexity (2018): -0.4, Rnk 663 / 1018

Export Growth (CAGR)(2017 - 2018): 10.5%, Rnk 745 / 1225

Mean Tariff (2018): 10.2%, Rnk 413 / 1259

Share of World Trade (2018): 0.0062%, Rnk 883 / 1225

Overview:  This page contains the latest trade data of Rubber Inner Tubes. In 2018, Rubber Inner Tubes were the world's 883rd most traded product, with a total trade of $1.14B. Between 2017 and 2018 the exports of Rubber Inner Tubes grew by 10.5%, from  $1.03B to $1.14B. Trade in Rubber Inner Tubes represent 0.0062% of total world trade.

Exports: In 2018 the top exporters of Rubber Inner Tubes  were China ($478M), South Korea ($139M), Thailand ($87.9M), India ($67.3M), and Vietnam ($64.3M).

Imports: In 2018 the top importers of Rubber Inner Tubes were United States ($88.2M), Brazil ($58.3M), Germany ($49.1M), Nigeria ($40.3M), and France ($38.2M).

Tariffs: In 2018 the average tariff for Rubber Inner Tubes was 10.2%, been the 413 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rubber Inner Tubes are Maldives (34.9%), Cape Verde (30%), Sri Lanka (30%), Sudan (28.4%), and Malaysia (26.9%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Rubber Inner Tubes ranks 663rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $478M

Top Destination (2018): United States, $88.2M

Rubber Inner Tubes are the world's 883rd most traded product.

In 2018, the top exporters of Rubber Inner Tubes were China ($478M), South Korea ($139M), Thailand ($87.9M), India ($67.3M), and Vietnam ($64.3M).

In 2018, the top importers of Rubber Inner Tubes were United States ($88.2M), Brazil ($58.3M), Germany ($49.1M), Nigeria ($40.3M), and France ($38.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $52.7M

Top Destination Growth (2017 - 2018): Burma, $21.4M

Between 2017 and 2018, the exports of Rubber Inner Tubes grew the fastest in Thailand ($52.7M), China ($22.6M), United Arab Emirates ($16.8M), Vietnam ($12.7M), and India ($5.45M).

Between 2017 and 2018, the fastest growing importers of Rubber Inner Tubes were Burma ($21.4M), Cambodia ($13.9M), Philippines ($12.5M), Indonesia ($7.09M), and United Arab Emirates ($6.68M).

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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 Inner Tubes.

In 2018,  market concentration measured using Shannon Entropy, was 3.41. This means that most of the exports of Rubber Inner Tubes are explained by 10 countries.

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TOP NET EXPORTER (2018): China, $471M

TOP NET IMPORTER (2018): United States, $76.9M

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

In 2018, the countries that had a largest trade value in exports than in imports of Rubber Inner Tubes were China ($471M), South Korea ($134M), Thailand ($67.5M), India ($61.3M), and Vietnam ($50.1M).

In 2018, the countries that had a largest trade value in imports than in exports of Rubber Inner Tubes were United States ($76.9M), Brazil ($54.8M), Nigeria ($40.3M), France ($27.9M), and Philippines ($25.5M).

Trade Forecasts

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This section shows forecasts for total trade for Rubber Inner Tubes. 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 Inner Tubes was 10.2%.  The countries with the highest tariffs for importing Rubber Inner Tubes were Maldives (34.9%), Cape Verde (30%), Sri Lanka (30%), Sudan (28.4%), and Malaysia (26.9%).

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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.