HS Icon Rubber Thread

4007 (Harmonized System 1992 for 4-digit)

World Trade (2018): $582M, Rnk 1007 / 1225

Top Exporter (2018): $289M, Thailand

Top Importer (2018): $247M, China

Product Complexity (2018): -0.31, Rnk 643 / 1018

Export Growth (CAGR)(2017 - 2018): 6.92%, Rnk 897 / 1225

Mean Tariff (2018): 6.03%, Rnk 701 / 1259

Share of World Trade (2018): 0.0032%, Rnk 1007 / 1225

Overview:  This page contains the latest trade data of Rubber Thread. In 2018, Rubber Thread were the world's 1007th most traded product, with a total trade of $582M. Between 2017 and 2018 the exports of Rubber Thread grew by 6.92%, from  $544M to $582M. Trade in Rubber Thread represent 0.0032% of total world trade.

Exports: In 2018 the top exporters of Rubber Thread  were Thailand ($289M), Malaysia ($144M), China ($64.7M), United States ($9.28M), and India ($8.57M).

Imports: In 2018 the top importers of Rubber Thread were China ($247M), Bangladesh ($22.6M), Indonesia ($21.9M), Vietnam ($21M), and India ($16.6M).

Tariffs: In 2018 the average tariff for Rubber Thread was 6.03%, been the 701 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rubber Thread are Bahamas (40.2%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Bermuda (25%). The countries with the lowest tariffs are Egypt (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Rubber Thread ranks 643rd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Thailand, $289M

Top Destination (2018): China, $247M

Rubber Thread are the world's 1007th most traded product.

In 2018, the top exporters of Rubber Thread were Thailand ($289M), Malaysia ($144M), China ($64.7M), United States ($9.28M), and India ($8.57M).

In 2018, the top importers of Rubber Thread were China ($247M), Bangladesh ($22.6M), Indonesia ($21.9M), Vietnam ($21M), and India ($16.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Thailand, $27.1M

Top Destination Growth (2017 - 2018): Vietnam, $14.4M

Between 2017 and 2018, the exports of Rubber Thread grew the fastest in Thailand ($27.1M), China ($17.1M), United Kingdom ($5.25M), United States ($4.03M), and Vietnam ($1.82M).

Between 2017 and 2018, the fastest growing importers of Rubber Thread were Vietnam ($14.4M), Netherlands ($4.92M), Iran ($4.87M), Chinese Taipei ($4.13M), and Bangladesh ($3.94M).

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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 Thread.

In 2018,  market concentration measured using Shannon Entropy, was 2.38. This means that most of the exports of Rubber Thread are explained by 5 countries.

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TOP NET EXPORTER (2018): Thailand, $288M

TOP NET IMPORTER (2018): China, $183M

This map shows which countries export or import more of Rubber Thread. Each country is colored based on the difference in exports and imports of Rubber Thread during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Rubber Thread were Thailand ($288M), Malaysia ($141M), and Japan ($2.44M).

In 2018, the countries that had a largest trade value in imports than in exports of Rubber Thread were China ($183M), Bangladesh ($22.6M), Vietnam ($15M), Indonesia ($14.7M), and South Korea ($12.4M).

Trade Forecasts

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This section shows forecasts for total trade for Rubber Thread. 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 Thread was 6.03%.  The countries with the highest tariffs for importing Rubber Thread were Bahamas (40.2%), Cameroon (29.4%), Gabon (29.4%), Chad (29.4%), and Bermuda (25%).

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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.