HS Icon Rubber articles, inflatable nes, vulcanised rubber

401695 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $577M, Rnk 2591 / 4648

2019
Top Exporter | Top Importer
: $149M | $76.7M, Germany | Germany

2019
Product Complexity
: 0.21, Rnk 2241 / 4826

2018 - 2019
Export Growth (CAGR)
: -2.78%, Rnk 2160 / 4648

2018
Mean Tariff
: 13.1%, Rnk 1552 / 6538

 2019
Share of World Trade
: 0.0032%, Rnk 2591 / 4648

Overview:  This page contains the latest trade data of Rubber articles, inflatable nes, vulcanised rubber. In 2019, Rubber articles, inflatable nes, vulcanised rubber were the world's 2591st most traded product, with a total trade of $577M. Between 2018 and 2019 the exports of Rubber articles, inflatable nes, vulcanised rubber decreased by -2.78%, from  $594M to $577M. Trade in Rubber articles, inflatable nes, vulcanised rubber represent 0.0032% of total world trade.

Exports: In 2019 the top exporters of Rubber articles, inflatable nes, vulcanised rubber  were Germany ($149M), Turkey ($57.4M), China ($55.4M), United States ($38.6M), and Slovenia ($34.4M).

Imports: In 2019 the top importers of Rubber articles, inflatable nes, vulcanised rubber were Germany ($76.7M), United States ($49.8M), France ($38.2M), Belgium ($37.8M), and Netherlands ($30.3M).

Tariffs: In 2018 the average tariff for Rubber articles, inflatable nes, vulcanised rubber was 13.1%, making it the 1552nd lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Rubber articles, inflatable nes, vulcanised rubber are Iran (50%), Bahamas (41.3%), Egypt (30.2%), Cape Verde (30%), and Ethiopia (29.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking: Rubber articles, inflatable nes, vulcanised rubber ranks 2241st in the Product Complexity Index (PCI).

Description: Goodyear invented vulcanisation of rubber in 1839. Vulcanization is a process in which natural rubber is mixed with sulfur and other chemicals to create a stronger, more durable material. Rubber is used for a wide variety of purposes, including making hoses, tires, and inflatable toys.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $149M

Top Destination (2019): Germany, $76.7M

Rubber articles, inflatable nes, vulcanised rubber are the world's 2591st most traded product.

In 2019, the top exporters of Rubber articles, inflatable nes, vulcanised rubber were Germany ($149M), Turkey ($57.4M), China ($55.4M), United States ($38.6M), and Slovenia ($34.4M).

In 2019, the top importers of Rubber articles, inflatable nes, vulcanised rubber were Germany ($76.7M), United States ($49.8M), France ($38.2M), Belgium ($37.8M), and Netherlands ($30.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $8.69M

Top Destination Growth (2018 - 2019): France, $4.13M

Between 2018 and 2019, the exports of Rubber articles, inflatable nes, vulcanised rubber grew the fastest in China ($8.69M), Portugal ($7.6M), United Kingdom ($1.26M), Mexico ($1.19M), and Poland ($1.13M).

Between 2018 and 2019, the fastest growing importers of Rubber articles, inflatable nes, vulcanised rubber were France ($4.13M), Indonesia ($2.26M), Norway ($2.15M), Austria ($1.7M), and South Korea ($1.64M).

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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 Rubber articles, inflatable nes, vulcanised rubber.

In 2019,  market concentration measured using Shannon Entropy, was 4.13. This means that most of the exports of Rubber articles, inflatable nes, vulcanised rubber are explained by 17 countries.

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TOP NET EXPORTER (2019): Germany, $72.8M

TOP NET IMPORTER (2019): Belgium, $28.7M

This map shows which countries export or import more of Rubber articles, inflatable nes, vulcanised rubber. Each country is colored based on the difference in exports and imports of Rubber articles, inflatable nes, vulcanised rubber during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Rubber articles, inflatable nes, vulcanised rubber were Germany ($72.8M), Turkey ($50.2M), China ($38.1M), Slovenia ($32.3M), and Hungary ($23.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Rubber articles, inflatable nes, vulcanised rubber were Belgium ($28.7M), Italy ($15.5M), Sweden ($13.3M), Poland ($13.2M), and France ($11.4M).

Import Tariffs

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In 2018, the average tariff for importing Rubber articles, inflatable nes, vulcanised rubber was 13.1%.  The countries with the highest tariffs for importing Rubber articles, inflatable nes, vulcanised rubber were Iran (50%), Bahamas (41.3%), Egypt (30.2%), Cape Verde (30%), and Ethiopia (29.7%).

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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.