HS Icon Boat and dock fenders, of vulcanised rubber

401694 (Harmonized System 1992 for 6-digit)

World Trade (2018): $162M, Rnk 3832 / 4726

Top Exporter (2018): $58.6M, China

Top Importer (2018): $9.59M, United States

Export Growth (CAGR)(2017 - 2018): 7.61%, Rnk 3021 / 4726

Mean Tariff (2018): 11%, Rnk 1997 / 6538

Share of World Trade (2018): 0.00088%, Rnk 3832 / 4726

Overview:  This page contains the latest trade data of Boat and dock fenders, of vulcanised rubber. In 2018, Boat and dock fenders, of vulcanised rubber were the world's 3832nd most traded product, with a total trade of $162M. Between 2017 and 2018 the exports of Boat and dock fenders, of vulcanised rubber grew by 7.61%, from  $151M to $162M. Trade in Boat and dock fenders, of vulcanised rubber represent 0.00088% of total world trade.

Exports: In 2018 the top exporters of Boat and dock fenders, of vulcanised rubber  were China ($58.6M), Malaysia ($12.9M), Japan ($10.8M), India ($10.5M), and United States ($10.2M).

Imports: In 2018 the top importers of Boat and dock fenders, of vulcanised rubber were United States ($9.59M), United Kingdom ($7.19M), Italy ($6.51M), Netherlands ($6.34M), and United Arab Emirates ($5.77M).

Tariffs: In 2018 the average tariff for Boat and dock fenders, of vulcanised rubber was 11%, been the 1997 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Boat and dock fenders, of vulcanised rubber are Iran (50%), Bahamas (41.3%), Cape Verde (30%), Sri Lanka (30%), and Ethiopia (29.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $58.6M

Top Destination (2018): United States, $9.59M

Boat and dock fenders, of vulcanised rubber are the world's 3832nd most traded product.

In 2018, the top exporters of Boat and dock fenders, of vulcanised rubber were China ($58.6M), Malaysia ($12.9M), Japan ($10.8M), India ($10.5M), and United States ($10.2M).

In 2018, the top importers of Boat and dock fenders, of vulcanised rubber were United States ($9.59M), United Kingdom ($7.19M), Italy ($6.51M), Netherlands ($6.34M), and United Arab Emirates ($5.77M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): India, $4.54M

Top Destination Growth (2017 - 2018): Italy, $3.12M

Between 2017 and 2018, the exports of Boat and dock fenders, of vulcanised rubber grew the fastest in India ($4.54M), Malaysia ($2.6M), United Arab Emirates ($2.05M), Slovakia ($1.98M), and Sweden ($1.79M).

Between 2017 and 2018, the fastest growing importers of Boat and dock fenders, of vulcanised rubber were Italy ($3.12M), Panama ($2.31M), Greece ($2.08M), Israel ($2.05M), and Vietnam ($1.94M).

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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 Boat and dock fenders, of vulcanised rubber.

In 2018,  market concentration measured using Shannon Entropy, was 3.67. This means that most of the exports of Boat and dock fenders, of vulcanised rubber are explained by 12 countries.

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TOP NET EXPORTER (2018): China, $58.1M

TOP NET IMPORTER (2018): Italy, $5.48M

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

In 2018, the countries that had a largest trade value in exports than in imports of Boat and dock fenders, of vulcanised rubber were China ($58.1M), Malaysia ($10.5M), India ($9.61M), Slovakia ($6.91M), and Japan ($6.11M).

In 2018, the countries that had a largest trade value in imports than in exports of Boat and dock fenders, of vulcanised rubber were Italy ($5.48M), Vietnam ($5.14M), Panama ($3.71M), Turkey ($3.69M), and Russia ($3.63M).

Trade Forecasts

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This section shows forecasts for total trade for Boat and dock fenders, of vulcanised 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 Boat and dock fenders, of vulcanised rubber was 11%.  The countries with the highest tariffs for importing Boat and dock fenders, of vulcanised rubber were Iran (50%), Bahamas (41.3%), Cape Verde (30%), Sri Lanka (30%), and Ethiopia (29.7%).

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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.