HS Icon Other Rubber Products

4016 (Harmonized System 1992 for 4-digit)

World Trade (2019): $27.9B, Rnk 134 / 1217

Top Exporter (2019): $4.01B, Germany

Top Importer (2019): $4.08B, United States

Product Complexity (2019): 0.55, Rnk 322 / 961

Export Growth (CAGR)(2018 - 2019): -3.72%, Rnk 674 / 1217

Mean Tariff (2018): 10.9%, Rnk 373 / 1259

Share of World Trade (2019): 0.15%, Rnk 134 / 1217

Overview:  This page contains the latest trade data of Other Rubber Products. In 2019, Other Rubber Products were the world's 134th most traded product, with a total trade of $27.9B. Between 2018 and 2019 the exports of Other Rubber Products decreased by -3.72%, from  $29B to $27.9B. Trade in Other Rubber Products represent 0.15% of total world trade.

Exports: In 2019 the top exporters of Other Rubber Products  were Germany ($4.01B), China ($3.11B), United States ($2.93B), Japan ($1.67B), and Poland ($1.45B).

Imports: In 2019 the top importers of Other Rubber Products were United States ($4.08B), Germany ($3.2B), China ($1.6B), Mexico ($1.4B), and France ($1.15B).

Tariffs: In 2018 the average tariff for Other Rubber Products was 10.9%, making it the 373rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Rubber Products are Bahamas (41%), Ethiopia (29.7%), Iran (27.3%), Algeria (25.6%), and Bermuda (25%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Other Rubber Products ranks 322nd in the Product Complexity Index (PCI).

Description: Miscellaneous articles of vulcanised rubber are used in a variety of industries, such as the production of rain boots, medical gloves, and condoms.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $4.01B

Top Destination (2019): United States, $4.08B

Other Rubber Products are the world's 134th most traded product.

In 2019, the top exporters of Other Rubber Products were Germany ($4.01B), China ($3.11B), United States ($2.93B), Japan ($1.67B), and Poland ($1.45B).

In 2019, the top importers of Other Rubber Products were United States ($4.08B), Germany ($3.2B), China ($1.6B), Mexico ($1.4B), and France ($1.15B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $32.2M

Top Destination Growth (2018 - 2019): Russia, $29.4M

Between 2018 and 2019, the exports of Other Rubber Products grew the fastest in China ($32.2M), United Arab Emirates ($20.8M), Russia ($18.9M), Turkey ($15.2M), and Vietnam ($10.7M).

Between 2018 and 2019, the fastest growing importers of Other Rubber Products were Russia ($29.4M), Saudi Arabia ($27.9M), Vietnam ($22.9M), Philippines ($20.2M), and United Arab Emirates ($18.4M).

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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 Other Rubber Products.

In 2019,  market concentration measured using Shannon Entropy, was 4.71. This means that most of the exports of Other Rubber Products are explained by 26 countries.

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TOP NET EXPORTER (2019): China, $1.5B

TOP NET IMPORTER (2019): United States, $1.16B

This map shows which countries export or import more of Other Rubber Products. Each country is colored based on the difference in exports and imports of Other Rubber Products during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Other Rubber Products were China ($1.5B), Japan ($867M), Germany ($816M), Poland ($750M), and Italy ($595M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Rubber Products were United States ($1.16B), Mexico ($497M), Russia ($407M), Canada ($359M), and United Kingdom ($272M).

Disaggregation

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Value

In 2019, the world most traded Other Rubber Products, disaggragated by their HS6 level were Articles of vulcanised rubber nes, except... ($13.5B), Gaskets, washers and other seals of... ($11.8B), Floor coverings, mats of rubber except... ($992M), Articles of cellular rubber ($755M), and Rubber articles, inflatable nes, vulcanised rubber ($577M)

Import Tariffs

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In 2018, the average tariff for importing Other Rubber Products was 10.9%.  The countries with the highest tariffs for importing Other Rubber Products were Bahamas (41%), Ethiopia (29.7%), Iran (27.3%), 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.