Overview: This page contains the latest trade data of Rubber. In 2018, Rubber were the world's 262nd most traded product, with a total trade of $13.9B. Between 2017 and 2018 the exports of Rubber decreased by -17.8%, from $16.9B to $13.9B. Trade in Rubber represent 0.076% of total world trade.
Exports: In 2018 the top exporters of Rubber were Thailand ($4.63B), Indonesia ($4.41B), Malaysia ($1.07B), Vietnam ($948M), and Cote d'Ivoire ($886M).
Imports: In 2018 the top importers of Rubber were China ($3.5B), United States ($1.6B), Malaysia ($1.17B), Japan ($1.08B), and India ($889M).
Tariffs: In 2018 the average tariff for Rubber was 2.16%, making it the 1218th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Rubber are Bahamas (40.2%), India (26.1%), Bermuda (25%), Maldives (19.6%), and China (18.8%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Rubber ranks 1012th in the Product Complexity Index (PCI).
Description: Natural rubber is used in a variety of products, including tires, hoses, door gaskets, and so on. It is also used to make sheets of rubber that are used for many purposes, such as flooring, roofing, and other construction materials.