HS Icon Rubber articles, inflatable nes, vulcanised rubber

401695 (Harmonized System 1992 for 6-digit)

World Trade (2018): $582M, Rnk 2631 / 4726

Top Exporter (2018): $159M, Germany

Top Importer (2018): $88.2M, Germany

Product Complexity (2018): 0.2, Rnk 2240 / 4873

Export Growth (CAGR)(2017 - 2018): 30.7%, Rnk 783 / 4726

Mean Tariff (2018): 13.1%, Rnk 1552 / 6538

Share of World Trade (2018): 0.0032%, Rnk 2631 / 4726

Overview:  This page contains the latest trade data of Rubber articles, inflatable nes, vulcanised rubber. In 2018, Rubber articles, inflatable nes, vulcanised rubber were the world's 2631st most traded product, with a total trade of $582M. Between 2017 and 2018 the exports of Rubber articles, inflatable nes, vulcanised rubber grew by 30.7%, from  $445M to $582M. Trade in Rubber articles, inflatable nes, vulcanised rubber represent 0.0032% of total world trade.

Exports: In 2018 the top exporters of Rubber articles, inflatable nes, vulcanised rubber  were Germany ($159M), Turkey ($65.4M), China ($46.8M), Slovenia ($37.2M), and United States ($33.3M).

Imports: In 2018 the top importers of Rubber articles, inflatable nes, vulcanised rubber were Germany ($88.2M), United States ($50.5M), Belgium-Luxembourg ($40M), France ($34.2M), and Netherlands ($33.5M).

Tariffs: In 2018 the average tariff for Rubber articles, inflatable nes, vulcanised rubber was 13.1%, been the 1552 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 2240th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $159M

Top Destination (2018): Germany, $88.2M

Rubber articles, inflatable nes, vulcanised rubber are the world's 2631st most traded product.

In 2018, the top exporters of Rubber articles, inflatable nes, vulcanised rubber were Germany ($159M), Turkey ($65.4M), China ($46.8M), Slovenia ($37.2M), and United States ($33.3M).

In 2018, the top importers of Rubber articles, inflatable nes, vulcanised rubber were Germany ($88.2M), United States ($50.5M), Belgium-Luxembourg ($40M), France ($34.2M), and Netherlands ($33.5M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $73.6M

Top Destination Growth (2017 - 2018): Belgium-Luxembourg, $23.7M

Between 2017 and 2018, the exports of Rubber articles, inflatable nes, vulcanised rubber grew the fastest in Germany ($73.6M), Slovenia ($23.4M), Turkey ($15.1M), Netherlands ($15M), and Hungary ($5.5M).

Between 2017 and 2018, the fastest growing importers of Rubber articles, inflatable nes, vulcanised rubber were Belgium-Luxembourg ($23.7M), France ($12.6M), Sweden ($11.1M), Poland ($9.07M), and Netherlands ($8.53M).

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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 2018,  market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Rubber articles, inflatable nes, vulcanised rubber are explained by 16 countries.

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TOP NET EXPORTER (2018): Germany, $71M

TOP NET IMPORTER (2018): Belgium-Luxembourg, $26.9M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Rubber articles, inflatable nes, vulcanised rubber were Germany ($71M), Turkey ($56.2M), Slovenia ($35.4M), China ($29.8M), and Hungary ($24.5M).

In 2018, the countries that had a largest trade value in imports than in exports of Rubber articles, inflatable nes, vulcanised rubber were Belgium-Luxembourg ($26.9M), United States ($17.2M), Italy ($15.7M), Sweden ($14.8M), and United Kingdom ($14.4M).

Trade Forecasts

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This section shows forecasts for total trade for Rubber articles, inflatable nes, vulcanised rubber. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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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.