HS Icon Rubber Belting

4010 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Rubber Belting. In 2019, Rubber Belting were the world's 460th most traded product, with a total trade of $5.77B. Between 2018 and 2019 the exports of Rubber Belting decreased by -7.94%, from $6.26B to $5.77B. Trade in Rubber Belting represent 0.032% of total world trade.

Exports: In 2019 the top exporters of Rubber Belting  were China ($985M), Germany ($882M), United States ($441M), Japan ($367M), and Italy ($292M).

Imports: In 2019 the top importers of Rubber Belting were United States ($653M), Germany ($435M), France ($287M), Canada ($243M), and Russia ($203M).

Tariffs: In 2018 the average tariff for Rubber Belting was 10.8%, making it the 379th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rubber Belting are Bahamas (40.2%), Iran (37.3%), Malaysia (30%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking: Rubber Belting ranks 232nd in the Product Complexity Index (PCI).

Description: Vulcanised rubber conveyor or transmission belts are used to transmit power from a motor to machinery or equipment. The belt is wrapped around two pulleys, which are then connected to the machine.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $985M

Top Destination (2019): United States, $653M

Rubber Belting are the world's 460th most traded product.

In 2019, the top exporters of Rubber Belting were China ($985M), Germany ($882M), United States ($441M), Japan ($367M), and Italy ($292M).

In 2019, the top importers of Rubber Belting were United States ($653M), Germany ($435M), France ($287M), Canada ($243M), and Russia ($203M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Arab Emirates, $13M

Top Destination Growth (2018 - 2019): Saudi Arabia, $37M

Between 2018 and 2019, the exports of Rubber Belting grew the fastest in United Arab Emirates ($13M), South Africa ($12.2M), Canada ($11.8M), Netherlands ($9.73M), and Luxembourg ($9.06M).

Between 2018 and 2019, the fastest growing importers of Rubber Belting were Saudi Arabia ($37M), United Arab Emirates ($27M), Guinea ($10.4M), Thailand ($8.09M), and Uzbekistan ($7.46M).

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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 Belting.

In 2019,  market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Rubber Belting are explained by 22 countries.

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TOP NET EXPORTER (2019): China, $834M

TOP NET IMPORTER (2019): United States, $212M

This map shows which countries export or import more of Rubber Belting. Each country is colored based on the difference in exports and imports of Rubber Belting during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Rubber Belting were China ($834M), Germany ($447M), Japan ($289M), Italy ($133M), and Romania ($103M).

In 2019, the countries that had a largest trade value in imports than in exports of Rubber Belting were United States ($212M), Russia ($157M), Canada ($156M), France ($116M), and Saudi Arabia ($102M).

Disaggregation

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Value

In 2019, the world most traded Rubber Belting, disaggragated by their HS6 level were Conveyor, transmission belts and belting, rubber... ($4.34B), Transmission belts etc, rubber, trapezoidal ($1.29B), and Conveyor belts and belting, rubber, <20cm... ($142M)

Import Tariffs

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In 2018, the average tariff for importing Rubber Belting was 10.8%. The countries with the highest tariffs for importing Rubber Belting were Bahamas (40.2%), Iran (37.3%), Malaysia (30%), Cameroon (29.4%), and Gabon (29.4%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Rubber Belting to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.