HS Icon Rubber Apparel

4015 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.42B, Rnk 375 / 1225

Top Exporter (2018): $4.47B, Malaysia

Top Importer (2018): $2.61B, United States

Product Complexity (2018): -0.71, Rnk 753 / 1018

Export Growth (CAGR)(2017 - 2018): 12.6%, Rnk 640 / 1225

Mean Tariff (2018): 8.97%, Rnk 478 / 1259

Share of World Trade (2018): 0.046%, Rnk 375 / 1225

Overview:  This page contains the latest trade data of Rubber Apparel. In 2018, Rubber Apparel were the world's 375th most traded product, with a total trade of $8.42B. Between 2017 and 2018 the exports of Rubber Apparel grew by 12.6%, from  $7.48B to $8.42B. Trade in Rubber Apparel represent 0.046% of total world trade.

Exports: In 2018 the top exporters of Rubber Apparel  were Malaysia ($4.47B), Thailand ($1.26B), China ($736M), Indonesia ($290M), and Germany ($275M).

Imports: In 2018 the top importers of Rubber Apparel were United States ($2.61B), Germany ($570M), Japan ($460M), United Kingdom ($317M), and Italy ($243M).

Tariffs: In 2018 the average tariff for Rubber Apparel was 8.97%, been the 478 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rubber Apparel are Iran (46.7%), Algeria (25.6%), Sri Lanka (25%), Fiji (24.6%), and Bahamas (24.5%). The countries with the lowest tariffs are Hong Kong (0%), Japan (0%), Singapore (0%), Switzerland (0%), and North Macedonia (0%).

Ranking: Rubber Apparel ranks 753rd in the Product Complexity Index (PCI).

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2018): Malaysia, $4.47B

Top Destination (2018): United States, $2.61B

Rubber Apparel are the world's 375th most traded product.

In 2018, the top exporters of Rubber Apparel were Malaysia ($4.47B), Thailand ($1.26B), China ($736M), Indonesia ($290M), and Germany ($275M).

In 2018, the top importers of Rubber Apparel were United States ($2.61B), Germany ($570M), Japan ($460M), United Kingdom ($317M), and Italy ($243M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2017 -  2018): Malaysia, $540M

Top Destination Growth (2017 - 2018): United States, $217M

Between 2017 and 2018, the exports of Rubber Apparel grew the fastest in Malaysia ($540M), Belgium-Luxembourg ($73.9M), Germany ($72.2M), Netherlands ($62.1M), and Thailand ($60.9M).

Between 2017 and 2018, the fastest growing importers of Rubber Apparel were United States ($217M), Germany ($179M), China ($52.9M), Japan ($31.4M), and Netherlands ($29.5M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

This chart shows the evolution of the market concentration of exports of Rubber Apparel.

In 2018,  market concentration measured using Shannon Entropy, was 2.7. This means that most of the exports of Rubber Apparel are explained by 6 countries.

Explore Visualizations

TOP NET EXPORTER (2018): Malaysia, $4.42B

TOP NET IMPORTER (2018): United States, $2.51B

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

In 2018, the countries that had a largest trade value in exports than in imports of Rubber Apparel were Malaysia ($4.42B), Thailand ($1.21B), China ($499M), Indonesia ($258M), and Sri Lanka ($174M).

In 2018, the countries that had a largest trade value in imports than in exports of Rubber Apparel were United States ($2.51B), Japan ($454M), Germany ($295M), United Kingdom ($264M), and Italy ($225M).

Trade Forecasts

#permalink to section

This section shows forecasts for total trade for Rubber Apparel. 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 Rubber Apparel was 8.97%.  The countries with the highest tariffs for importing Rubber Apparel were Iran (46.7%), Algeria (25.6%), Sri Lanka (25%), Fiji (24.6%), and Bahamas (24.5%).

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.