HS Icon Pneumatic tyres new of rubber for motor cars

401110 (Harmonized System 1992 for 6-digit)

World Trade (2019): $42.2B, Rnk 54 / 4648

Top Exporter (2019): $5.69B, China

Top Importer (2019): $8.41B, United States

Product Complexity (2019): 0.41, Rnk 1855 / 4826

Export Growth (CAGR)(2018 - 2019): -1.05%, Rnk 1766 / 4648

Mean Tariff (2018): 14.9%, Rnk 1195 / 6538

Share of World Trade (2019): 0.23%, Rnk 54 / 4648

Overview:  This page contains the latest trade data of Pneumatic tyres new of rubber for motor cars. In 2019, Pneumatic tyres new of rubber for motor cars were the world's 54th most traded product, with a total trade of $42.2B. Between 2018 and 2019 the exports of Pneumatic tyres new of rubber for motor cars decreased by -1.05%, from  $42.6B to $42.2B. Trade in Pneumatic tyres new of rubber for motor cars represent 0.23% of total world trade.

Exports: In 2019 the top exporters of Pneumatic tyres new of rubber for motor cars  were China ($5.69B), Germany ($4.07B), Thailand ($3.01B), South Korea ($2.51B), and Japan ($1.96B).

Imports: In 2019 the top importers of Pneumatic tyres new of rubber for motor cars were United States ($8.41B), Germany ($4.14B), France ($2.16B), United Kingdom ($1.84B), and Netherlands ($1.66B).

Tariffs: In 2018 the average tariff for Pneumatic tyres new of rubber for motor cars was 14.9%, making it the 1195th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Pneumatic tyres new of rubber for motor cars are Iran (50%), Maldives (48.8%), Malaysia (40%), Bermuda (35%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Pneumatic tyres new of rubber for motor cars ranks 1855th in the Product Complexity Index (PCI).

Description: Pneumatic tyres are made of rubber and are inflated with air. They are used on motor cars to offload the weight of the vehicle from the engine to the wheels.

Exporters and Importers

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Trade By Country

Top Origin (2019): China, $5.69B

Top Destination (2019): United States, $8.41B

Pneumatic tyres new of rubber for motor cars are the world's 54th most traded product.

In 2019, the top exporters of Pneumatic tyres new of rubber for motor cars were China ($5.69B), Germany ($4.07B), Thailand ($3.01B), South Korea ($2.51B), and Japan ($1.96B).

In 2019, the top importers of Pneumatic tyres new of rubber for motor cars were United States ($8.41B), Germany ($4.14B), France ($2.16B), United Kingdom ($1.84B), and Netherlands ($1.66B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Thailand, $225M

Top Destination Growth (2018 - 2019): United States, $269M

Between 2018 and 2019, the exports of Pneumatic tyres new of rubber for motor cars grew the fastest in Thailand ($225M), United Arab Emirates ($205M), Mexico ($149M), China ($135M), and Poland ($44.3M).

Between 2018 and 2019, the fastest growing importers of Pneumatic tyres new of rubber for motor cars were United States ($269M), Saudi Arabia ($183M), Iraq ($110M), Japan ($97.5M), and South Korea ($88.4M).

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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 Pneumatic tyres new of rubber for motor cars.

In 2019,  market concentration measured using Shannon Entropy, was 4.8. This means that most of the exports of Pneumatic tyres new of rubber for motor cars are explained by 27 countries.

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TOP NET EXPORTER (2019): China, $5.2B

TOP NET IMPORTER (2019): United States, $6.82B

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

In 2019, the countries that had a largest trade value in exports than in imports of Pneumatic tyres new of rubber for motor cars were China ($5.2B), Thailand ($2.72B), South Korea ($1.94B), Indonesia ($1.26B), and Japan ($1.05B).

In 2019, the countries that had a largest trade value in imports than in exports of Pneumatic tyres new of rubber for motor cars were United States ($6.82B), United Kingdom ($1.39B), Canada ($730M), France ($692M), and Saudi Arabia ($691M).

Import Tariffs

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In 2018, the average tariff for importing Pneumatic tyres new of rubber for motor cars was 14.9%.  The countries with the highest tariffs for importing Pneumatic tyres new of rubber for motor cars were Iran (50%), Maldives (48.8%), Malaysia (40%), Bermuda (35%), and Sudan (35%).

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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.