Pneumatic tyres new of rubber for buses or lorries401120 (Harmonized System 1992 for 6-digit)
World Trade (2018): $24.3B, Rnk 107 / 4726
Top Exporter (2018): $7.49B, China
Top Importer (2018): $4.34B, United States
Product Complexity (2018): 0.29, Rnk 1215 / 2722
Export Growth (CAGR)(2017 - 2018): 9.4%, Rnk 2769 / 4726
Mean Tariff (2018): 11%, Rnk 1978 / 6538
Share of World Trade (2018): 0.13%, Rnk 107 / 4726
Overview: This page contains the latest trade data of Pneumatic tyres new of rubber for buses or lorries. In 2018, Pneumatic tyres new of rubber for buses or lorries were the world's 107th most traded product, with a total trade of $24.3B. Between 2017 and 2018 the exports of Pneumatic tyres new of rubber for buses or lorries grew by 9.4%, from $22.2B to $24.3B. Trade in Pneumatic tyres new of rubber for buses or lorries represent 0.13% of total world trade.
Exports: In 2018 the top exporters of Pneumatic tyres new of rubber for buses or lorries were China ($7.49B), Thailand ($1.77B), United States ($1.72B), Germany ($1.17B), and Japan ($1.09B).
Imports: In 2018 the top importers of Pneumatic tyres new of rubber for buses or lorries were United States ($4.34B), Germany ($1.65B), Mexico ($1.39B), Canada ($899M), and France ($897M).
Tariffs: In 2018 the average tariff for Pneumatic tyres new of rubber for buses or lorries was 11%, been the 1978 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 1215th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): China, $7.49B
Top Destination (2018): United States, $4.34B
Pneumatic tyres new of rubber for buses or lorries are the world's 107th most traded product.
In 2018, the top exporters of Pneumatic tyres new of rubber for buses or lorries were China ($7.49B), Thailand ($1.77B), United States ($1.72B), Germany ($1.17B), and Japan ($1.09B).
In 2018, the top importers of Pneumatic tyres new of rubber for buses or lorries were United States ($4.34B), Germany ($1.65B), Mexico ($1.39B), Canada ($899M), and France ($897M).
Trade by country
Between 2017 and 2018, the exports of Pneumatic tyres new of rubber for buses or lorries grew the fastest in China ($887M), Thailand ($369M), United States ($315M), United Arab Emirates ($138M), and Germany ($133M).
Between 2017 and 2018, the fastest growing importers of Pneumatic tyres new of rubber for buses or lorries were Mexico ($164M), Germany ($149M), United States ($145M), France ($122M), and Vietnam ($111M).
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 2018, market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Pneumatic tyres new of rubber for buses or lorries are explained by 17 countries.
TOP NET EXPORTER (2018): China, $7.44B
TOP NET IMPORTER (2018): United States, $2.62B
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 2018.
In 2018, 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 ($7.44B), Thailand ($1.65B), Japan ($939M), Slovakia ($856M), and South Korea ($716M).
In 2018, 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 ($2.62B), Mexico ($1.29B), Australia ($567M), Germany ($485M), and Saudi Arabia ($479M).
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%).
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.
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