HS Icon Hard Rubber

4017 (Harmonized System 1992 for 4-digit)

World Trade (2018): $293M, Rnk 1103 / 1225

Top Exporter (2018): $54.3M, Chinese Taipei

Top Importer (2018): $31M, United States

Export Growth (CAGR)(2017 - 2018): 62.1%, Rnk 42 / 1225

Mean Tariff (2018): 8.87%, Rnk 487 / 1259

Share of World Trade (2018): 0.0016%, Rnk 1103 / 1225

Overview:  This page contains the latest trade data of Hard Rubber. In 2018, Hard Rubber were the world's 1103rd most traded product, with a total trade of $293M. Between 2017 and 2018 the exports of Hard Rubber grew by 62.1%, from  $181M to $293M. Trade in Hard Rubber represent 0.0016% of total world trade.

Exports: In 2018 the top exporters of Hard Rubber  were Chinese Taipei ($54.3M), China ($43.1M), Italy ($36.8M), Thailand ($24.5M), and United States ($12.8M).

Imports: In 2018 the top importers of Hard Rubber were United States ($31M), China ($25M), Germany ($23.8M), Japan ($23.2M), and India ($12.3M).

Tariffs: In 2018 the average tariff for Hard Rubber was 8.87%, been the 487 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hard Rubber are Bahamas (40.2%), Ethiopia (29.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Chinese Taipei, $54.3M

Top Destination (2018): United States, $31M

Hard Rubber are the world's 1103rd most traded product.

In 2018, the top exporters of Hard Rubber were Chinese Taipei ($54.3M), China ($43.1M), Italy ($36.8M), Thailand ($24.5M), and United States ($12.8M).

In 2018, the top importers of Hard Rubber were United States ($31M), China ($25M), Germany ($23.8M), Japan ($23.2M), and India ($12.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chinese Taipei, $50.2M

Top Destination Growth (2017 - 2018): United States, $30.9M

Between 2017 and 2018, the exports of Hard Rubber grew the fastest in Chinese Taipei ($50.2M), China ($14.6M), Thailand ($12.9M), Canada ($8.87M), and United States ($4.54M).

Between 2017 and 2018, the fastest growing importers of Hard Rubber were United States ($30.9M), Germany ($11.7M), China ($8.12M), Netherlands ($7.6M), and India ($7.39M).

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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 Hard Rubber.

In 2018,  market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Hard Rubber are explained by 18 countries.

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TOP NET EXPORTER (2018): Chinese Taipei, $51.6M

TOP NET IMPORTER (2018): United States, $18.2M

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

In 2018, the countries that had a largest trade value in exports than in imports of Hard Rubber were Chinese Taipei ($51.6M), Italy ($27.5M), Thailand ($21.1M), China ($18.1M), and Canada ($8.86M).

In 2018, the countries that had a largest trade value in imports than in exports of Hard Rubber were United States ($18.2M), Germany ($14.5M), Japan ($13.1M), Netherlands ($8.94M), and India ($8.71M).

Trade Forecasts

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This section shows forecasts for total trade for 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 Hard Rubber was 8.87%.  The countries with the highest tariffs for importing Hard Rubber were Bahamas (40.2%), Ethiopia (29.7%), Cameroon (29.4%), Gabon (29.4%), and Chad (29.4%).

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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.