HS Icon Pneumatic tyres new of rubber for buses or lorries

401120 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $24.1B, Rnk 108 / 4648

2019
Top Exporter | Top Importer
: $6.92B | $4.16B, China | United States

2019
Product Complexity
: 0.33, Rnk 2029 / 4826

2018 - 2019
Export Growth (CAGR)
: -0.84%, Rnk 1719 / 4648

2018
Mean Tariff
: 11%, Rnk 1978 / 6538

 2019
Share of World Trade
: 0.13%, Rnk 108 / 4648

Overview:  This page contains the latest trade data of Pneumatic tyres new of rubber for buses or lorries. In 2019, Pneumatic tyres new of rubber for buses or lorries were the world's 108th most traded product, with a total trade of $24.1B. Between 2018 and 2019 the exports of Pneumatic tyres new of rubber for buses or lorries decreased by -0.84%, from  $24.3B to $24.1B. Trade in Pneumatic tyres new of rubber for buses or lorries represent 0.13% of total world trade.

Exports: In 2019 the top exporters of Pneumatic tyres new of rubber for buses or lorries  were China ($6.92B), Thailand ($2.2B), United States ($1.61B), Japan ($1.16B), and Germany ($1.06B).

Imports: In 2019 the top importers of Pneumatic tyres new of rubber for buses or lorries were United States ($4.16B), Germany ($1.52B), Mexico ($1.39B), France ($853M), and Canada ($833M).

Tariffs: In 2018 the average tariff for Pneumatic tyres new of rubber for buses or lorries was 11%, making it the 1978th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Pneumatic tyres new of rubber for buses or lorries are Maldives (48.8%), Malaysia (40%), Bermuda (35%), Sudan (35%), and Iran (30%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Pneumatic tyres new of rubber for buses or lorries ranks 2029th in the Product Complexity Index (PCI).

Description: Pneumatic tyres are rubber that are inflated with air to keep them from touching the ground. They are used on buses and lorries to increase the weight limit, reduce the noise, and increase the steering.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $6.92B

Top Destination (2019): United States, $4.16B

Pneumatic tyres new of rubber for buses or lorries are the world's 108th most traded product.

In 2019, the top exporters of Pneumatic tyres new of rubber for buses or lorries were China ($6.92B), Thailand ($2.2B), United States ($1.61B), Japan ($1.16B), and Germany ($1.06B).

In 2019, the top importers of Pneumatic tyres new of rubber for buses or lorries were United States ($4.16B), Germany ($1.52B), Mexico ($1.39B), France ($853M), and Canada ($833M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Thailand, $431M

Top Destination Growth (2018 - 2019): Saudi Arabia, $129M

Between 2018 and 2019, the exports of Pneumatic tyres new of rubber for buses or lorries grew the fastest in Thailand ($431M), Vietnam ($142M), Turkey ($109M), Hungary ($104M), and India ($54.3M).

Between 2018 and 2019, the fastest growing importers of Pneumatic tyres new of rubber for buses or lorries were Saudi Arabia ($129M), United Arab Emirates ($93.7M), Iran ($79.3M), Iraq ($65.2M), and Afghanistan ($45.5M).

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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 Pneumatic tyres new of rubber for buses or lorries.

In 2019,  market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Pneumatic tyres new of rubber for buses or lorries are explained by 18 countries.

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TOP NET EXPORTER (2019): China, $6.83B

TOP NET IMPORTER (2019): United States, $2.55B

This map shows which countries export or import more of Pneumatic tyres new of rubber for buses or lorries. Each country is colored based on the difference in exports and imports of Pneumatic tyres new of rubber for buses or lorries during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Pneumatic tyres new of rubber for buses or lorries were China ($6.83B), Thailand ($2.09B), Japan ($982M), Slovakia ($790M), and South Korea ($624M).

In 2019, the countries that had a largest trade value in imports than in exports of Pneumatic tyres new of rubber for buses or lorries were United States ($2.55B), Mexico ($1.26B), Saudi Arabia ($613M), Australia ($521M), and Germany ($465M).

Import Tariffs

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In 2018, the average tariff for importing Pneumatic tyres new of rubber for buses or lorries was 11%.  The countries with the highest tariffs for importing Pneumatic tyres new of rubber for buses or lorries were Maldives (48.8%), Malaysia (40%), Bermuda (35%), Sudan (35%), and Iran (30%).

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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.