HS Icon Other Rubber Products

4016 (Harmonized System 1992 for 4-digit)

World Trade (2018): $28.2B, Rnk 134 / 1225

Top Exporter (2018): $4.2B, Germany

Top Importer (2018): $4.16B, United States

Product Complexity (2018): 0.67, Rnk 292 / 1018

Export Growth (CAGR)(2017 - 2018): 6.24%, Rnk 926 / 1225

Mean Tariff (2018): 10.9%, Rnk 373 / 1259

Share of World Trade (2018): 0.15%, Rnk 134 / 1225

Overview:  This page contains the latest trade data of Other Rubber Products. In 2018, Other Rubber Products were the world's 134th most traded product, with a total trade of $28.2B. Between 2017 and 2018 the exports of Other Rubber Products grew by 6.24%, from  $26.5B to $28.2B. Trade in Other Rubber Products represent 0.15% of total world trade.

Exports: In 2018 the top exporters of Other Rubber Products  were Germany ($4.2B), China ($3.06B), United States ($2.27B), Japan ($1.77B), and Poland ($1.62B).

Imports: In 2018 the top importers of Other Rubber Products were United States ($4.16B), Germany ($3.47B), China ($1.69B), Mexico ($1.45B), and France ($1.19B).

Tariffs: In 2018 the average tariff for Other Rubber Products was 10.9%, been the 373 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Rubber Products are Bahamas (41%), Ethiopia (29.7%), Iran (27.3%), Algeria (25.6%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Other Rubber Products ranks 292nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $4.2B

Top Destination (2018): United States, $4.16B

Other Rubber Products are the world's 134th most traded product.

In 2018, the top exporters of Other Rubber Products were Germany ($4.2B), China ($3.06B), United States ($2.27B), Japan ($1.77B), and Poland ($1.62B).

In 2018, the top importers of Other Rubber Products were United States ($4.16B), Germany ($3.47B), China ($1.69B), Mexico ($1.45B), and France ($1.19B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Poland, $423M

Top Destination Growth (2017 - 2018): Germany, $313M

Between 2017 and 2018, the exports of Other Rubber Products grew the fastest in Poland ($423M), Germany ($376M), Thailand ($222M), Belgium-Luxembourg ($157M), and Netherlands ($122M).

Between 2017 and 2018, the fastest growing importers of Other Rubber Products were Germany ($313M), France ($212M), Brazil ($161M), Spain ($123M), and Thailand ($109M).

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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 Other Rubber Products.

In 2018,  market concentration measured using Shannon Entropy, was 4.73. This means that most of the exports of Other Rubber Products are explained by 26 countries.

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TOP NET EXPORTER (2018): China, $1.37B

TOP NET IMPORTER (2018): United States, $1.89B

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

In 2018, the countries that had a largest trade value in exports than in imports of Other Rubber Products were China ($1.37B), Japan ($963M), Poland ($886M), Germany ($726M), and Italy ($652M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Rubber Products were United States ($1.89B), Mexico ($540M), Russia ($397M), United Kingdom ($377M), and Australia ($276M).

Trade Forecasts

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This section shows forecasts for total trade for Other Rubber Products. 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 Other Rubber Products was 10.9%.  The countries with the highest tariffs for importing Other Rubber Products were Bahamas (41%), Ethiopia (29.7%), Iran (27.3%), Algeria (25.6%), and Bermuda (25%).

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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.