Overview This page contains the latest trade data of Rubber Tires. In 2019, Rubber Tires were the world's 33rd most traded product, with a total trade of $80.8B. Between 2018 and 2019 the exports of Rubber Tires decreased by -0.96%, from $81.6B to $80.8B. Trade in Rubber Tires represent 0.45% of total world trade.

Exports In 2019 the top exporters of Rubber Tires  were China ($14.6B), Thailand ($5.8B), Germany ($5.61B), Japan ($5.43B), and United States ($4.93B).

Imports In 2019 the top importers of Rubber Tires were United States ($14.3B), Germany ($6.63B), France ($3.67B), Canada ($2.99B), and Mexico ($2.92B).

Tariffs In 2018 the average tariff for Rubber Tires was 10.4%, making it the 407th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rubber Tires are Maldives (36.2%), Bermuda (35%), Sudan (35%), Cape Verde (27.9%), and Sri Lanka (26.2%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).

Ranking Rubber Tires ranks 427th in the Product Complexity Index (PCI).

Description Pneumatic tires are used in a variety of vehicles, including cars, trucks, buses, and forklifts. They provide traction on a variety of surfaces, help reduce the chance of hydroplaning, and have a lower rolling resistance than solid rubber tires.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $14.6B

Top Destination (2019): United States, $14.3B

Rubber Tires are the world's 33rd most traded product.

In 2019, the top exporters of Rubber Tires were China ($14.6B), Thailand ($5.8B), Germany ($5.61B), Japan ($5.43B), and United States ($4.93B).

In 2019, the top importers of Rubber Tires were United States ($14.3B), Germany ($6.63B), France ($3.67B), Canada ($2.99B), and Mexico ($2.92B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Thailand, $671M

Top Destination Growth (2018 - 2019): Saudi Arabia, $340M

Between 2018 and 2019, the exports of Rubber Tires grew the fastest in Thailand ($671M), United Arab Emirates ($242M), Vietnam ($173M), Mexico ($170M), and Turkey ($131M).

Between 2018 and 2019, the fastest growing importers of Rubber Tires were Saudi Arabia ($340M), Iraq ($185M), United Arab Emirates ($176M), United States ($121M), and Japan ($117M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Rubber Tires.

In 2019,  market concentration measured using Shannon Entropy, was 4.73. This means that most of the exports of Rubber Tires are explained by 26 countries.

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TOP NET EXPORTER (2019): China, $13.8B

TOP NET IMPORTER (2019): United States, $9.41B

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

In 2019, the countries that had a largest trade value in exports than in imports of Rubber Tires were China ($13.8B), Thailand ($5.33B), Japan ($4.17B), South Korea ($2.56B), and India ($1.51B).

In 2019, the countries that had a largest trade value in imports than in exports of Rubber Tires were United States ($9.41B), Australia ($2.07B), United Kingdom ($1.99B), Mexico ($1.67B), and Saudi Arabia ($1.41B).

Disaggregation

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Value

In 2019, the world most traded Rubber Tires, disaggragated by their HS6 level were Pneumatic tyres new of rubber for... ($42.2B), Pneumatic tyres new of rubber for... ($24.1B), Pneumatic tyres new of rubber nes ($8.26B), Pneumatic tyres new of rubber nes,... ($2.79B), and Pneumatic tyres new of rubber for... ($1.63B)

Import Tariffs

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In 2018, the average tariff for importing Rubber Tires was 10.4%. The countries with the highest tariffs for importing Rubber Tires were Maldives (36.2%), Bermuda (35%), Sudan (35%), Cape Verde (27.9%), and Sri Lanka (26.2%).

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 Tires to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.