HS Icon Hard Rubber

4017 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $257M, Rnk 1114 / 1217

2019
Top Exporter | Top Importer
: $48.8M | N/A, Chinese Taipei | N/A

2018 - 2019
Export Growth (CAGR)
: -13.6%, Rnk 1050 / 1217

2018
Mean Tariff
: 8.87%, Rnk 487 / 1259

 2019
Share of World Trade
: 0.0014%, Rnk 1114 / 1217

Overview:  This page contains the latest trade data of Hard Rubber. In 2019, Hard Rubber were the world's 1114th most traded product, with a total trade of $257M. Between 2018 and 2019 the exports of Hard Rubber decreased by -13.6%, from  $298M to $257M. Trade in Hard Rubber represent 0.0014% of total world trade.

Exports: In 2019 the top exporters of Hard Rubber  were Chinese Taipei ($48.8M), China ($43.5M), Thailand ($26M), United States ($15.4M), and Canada ($13.3M).

Tariffs: In 2018 the average tariff for Hard Rubber was 8.87%, making it the 487th 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 (2019): Chinese Taipei, $48.8M

Hard Rubber are the world's 1114th most traded product.

In 2019, the top exporters of Hard Rubber were Chinese Taipei ($48.8M), China ($43.5M), Thailand ($26M), United States ($15.4M), and Canada ($13.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Canada, $2.31M

Top Destination Growth (2018 - 2019): Belgium, $2.87M

Between 2018 and 2019, the exports of Hard Rubber grew the fastest in Canada ($2.31M), Belgium ($1.79M), Thailand ($1.77M), Australia ($1.69M), and Nigeria ($965k).

Between 2018 and 2019, the fastest growing importers of Hard Rubber were Belgium ($2.87M), United States ($2.81M), United Kingdom ($1.29M), Ghana ($983k), and Japan ($521k).

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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 2019,  market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Hard Rubber are explained by 19 countries.

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TOP NET EXPORTER (2019): Chinese Taipei, $45.9M

TOP NET IMPORTER (2019): United States, $18.6M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Hard Rubber were Chinese Taipei ($45.9M), China ($26.5M), Thailand ($23.3M), Canada ($8.91M), and Romania ($6.96M).

In 2019, the countries that had a largest trade value in imports than in exports of Hard Rubber were United States ($18.6M), Japan ($16.4M), India ($8.31M), Netherlands ($8.01M), and Germany ($6.53M).

Disaggregation

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Value

In 2019, the world most traded Hard Rubber, disaggragated by their HS6 level were Hard rubber (eg ebonite) in all... ($257M)

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.