HS Icon Articles of vulcanised rubber nes, except hard rubber

401699 (Harmonized System 1992 for 6-digit)

World Trade (2019): $13.5B, Rnk 213 / 4648

Top Exporter (2019): $2.13B, Germany

Top Importer (2019): $1.78B, Germany

Product Complexity (2019): 0.67, Rnk 1356 / 4826

Export Growth (CAGR)(2018 - 2019): -4.15%, Rnk 2442 / 4648

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

Share of World Trade (2019): 0.074%, Rnk 213 / 4648

Overview:  This page contains the latest trade data of Articles of vulcanised rubber nes, except hard rubber. In 2019, Articles of vulcanised rubber nes, except hard rubber were the world's 213th most traded product, with a total trade of $13.5B. Between 2018 and 2019 the exports of Articles of vulcanised rubber nes, except hard rubber decreased by -4.15%, from  $14.1B to $13.5B. Trade in Articles of vulcanised rubber nes, except hard rubber represent 0.074% of total world trade.

Exports: In 2019 the top exporters of Articles of vulcanised rubber nes, except hard rubber  were Germany ($2.13B), China ($1.49B), United States ($977M), Poland ($855M), and Japan ($793M).

Imports: In 2019 the top importers of Articles of vulcanised rubber nes, except hard rubber were Germany ($1.78B), United States ($1.69B), China ($744M), Mexico ($644M), and France ($613M).

Tariffs: In 2018 the average tariff for Articles of vulcanised rubber nes, except hard rubber was 7.23%, making it the 3108th 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 1356th in the Product Complexity Index (PCI).

Description: Articles of vulcanised rubber are mainly used for the production of tyres. Vulcanised rubber is also used in the manufacturing of flexible rubber goods such as hoses, conveyor belts, gaskets, and insulation.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $2.13B

Top Destination (2019): Germany, $1.78B

Articles of vulcanised rubber nes, except hard rubber are the world's 213th most traded product.

In 2019, the top exporters of Articles of vulcanised rubber nes, except hard rubber were Germany ($2.13B), China ($1.49B), United States ($977M), Poland ($855M), and Japan ($793M).

In 2019, the top importers of Articles of vulcanised rubber nes, except hard rubber were Germany ($1.78B), United States ($1.69B), China ($744M), Mexico ($644M), and France ($613M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $61.4M

Top Destination Growth (2018 - 2019): United States, $67.6M

Between 2018 and 2019, the exports of Articles of vulcanised rubber nes, except hard rubber grew the fastest in China ($61.4M), Mexico ($29M), Turkey ($21.3M), United Arab Emirates ($14.4M), and Canada ($12.2M).

Between 2018 and 2019, the fastest growing importers of Articles of vulcanised rubber nes, except hard rubber were United States ($67.6M), Bulgaria ($16.2M), Russia ($16.2M), Vietnam ($15M), and Philippines ($11.9M).

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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 2019,  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 (2019): China, $749M

TOP NET IMPORTER (2019): United States, $716M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Articles of vulcanised rubber nes, except hard rubber were China ($749M), Poland ($494M), Japan ($407M), Germany ($349M), and Turkey ($327M).

In 2019, 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 ($716M), Mexico ($388M), United Kingdom ($240M), Russia ($217M), and Canada ($130M).

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.