HS Icon Articles of vulcanised rubber nes, except hard rubber

401699 (Harmonized System 1992 for 6-digit)

World Trade (2018): $13.8B, Rnk 212 / 4726

Top Exporter (2018): $2.21B, Germany

Top Importer (2018): $1.97B, Germany

Product Complexity (2018): 0.41, Rnk 1871 / 4873

Export Growth (CAGR)(2017 - 2018): 12.5%, Rnk 2278 / 4726

Mean Tariff (2018): 7.23%, Rnk 3108 / 6538

Share of World Trade (2018): 0.075%, Rnk 212 / 4726

Overview:  This page contains the latest trade data of Articles of vulcanised rubber nes, except hard rubber. In 2018, Articles of vulcanised rubber nes, except hard rubber were the world's 212th most traded product, with a total trade of $13.8B. Between 2017 and 2018 the exports of Articles of vulcanised rubber nes, except hard rubber grew by 12.5%, from  $12.3B to $13.8B. Trade in Articles of vulcanised rubber nes, except hard rubber represent 0.075% of total world trade.

Exports: In 2018 the top exporters of Articles of vulcanised rubber nes, except hard rubber  were Germany ($2.21B), China ($1.43B), Poland ($958M), Japan ($841M), and United States ($812M).

Imports: In 2018 the top importers of Articles of vulcanised rubber nes, except hard rubber were Germany ($1.97B), United States ($1.62B), China ($781M), Mexico ($650M), and France ($645M).

Tariffs: In 2018 the average tariff for Articles of vulcanised rubber nes, except hard rubber was 7.23%, been the 3108 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Articles of vulcanised rubber nes, except hard rubber are Bahamas (41.3%), Ethiopia (29.7%), Pakistan (26.5%), Algeria (25.6%), and Bermuda (25%). The countries with the lowest tariffs are Ghana (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Articles of vulcanised rubber nes, except hard rubber ranks 1871st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $2.21B

Top Destination (2018): Germany, $1.97B

Articles of vulcanised rubber nes, except hard rubber are the world's 212th most traded product.

In 2018, the top exporters of Articles of vulcanised rubber nes, except hard rubber were Germany ($2.21B), China ($1.43B), Poland ($958M), Japan ($841M), and United States ($812M).

In 2018, the top importers of Articles of vulcanised rubber nes, except hard rubber were Germany ($1.97B), United States ($1.62B), China ($781M), Mexico ($650M), and France ($645M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $344M

Top Destination Growth (2017 - 2018): Germany, $346M

Between 2017 and 2018, the exports of Articles of vulcanised rubber nes, except hard rubber grew the fastest in Germany ($344M), Poland ($312M), Thailand ($224M), Italy ($215M), and Spain ($116M).

Between 2017 and 2018, the fastest growing importers of Articles of vulcanised rubber nes, except hard rubber were Germany ($346M), France ($180M), United Kingdom ($125M), United States ($116M), and Thailand ($107M).

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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 Articles of vulcanised rubber nes, except hard rubber.

In 2018,  market concentration measured using Shannon Entropy, was 4.65. This means that most of the exports of Articles of vulcanised rubber nes, except hard rubber are explained by 25 countries.

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TOP NET EXPORTER (2018): China, $646M

TOP NET IMPORTER (2018): United States, $812M

This map shows which countries export or import more of Articles of vulcanised rubber nes, except hard rubber. Each country is colored based on the difference in exports and imports of Articles of vulcanised rubber nes, except hard rubber during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Articles of vulcanised rubber nes, except hard rubber were China ($646M), Poland ($582M), Japan ($449M), Italy ($387M), and Thailand ($336M).

In 2018, the countries that had a largest trade value in imports than in exports of Articles of vulcanised rubber nes, except hard rubber were United States ($812M), Mexico ($423M), United Kingdom ($310M), Russia ($208M), and Australia ($127M).

Trade Forecasts

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This section shows forecasts for total trade for Articles of vulcanised rubber nes, except hard rubber. 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 Articles of vulcanised rubber nes, except hard rubber was 7.23%.  The countries with the highest tariffs for importing Articles of vulcanised rubber nes, except hard rubber were Bahamas (41.3%), Ethiopia (29.7%), Pakistan (26.5%), 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.