HS Icon Rubberworking Machinery

8477 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Rubberworking Machinery. In 2019, Rubberworking Machinery were the world's 136th most traded product, with a total trade of $27.7B. Between 2018 and 2019 the exports of Rubberworking Machinery decreased by -5.56%, from $29.3B to $27.7B. Trade in Rubberworking Machinery represent 0.15% of total world trade.

Exports In 2019 the top exporters of Rubberworking Machinery  were Germany ($5.8B), China ($5.04B), Japan ($2.63B), Italy ($2.32B), and Austria ($1.9B).

Imports In 2019 the top importers of Rubberworking Machinery were United States ($3.4B), China ($2.9B), Germany ($1.58B), India ($1.36B), and Mexico ($1.12B).

Tariffs In 2018 the average tariff for Rubberworking Machinery was 3.72%, making it the 1048th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Rubberworking Machinery are Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (14.3%), and Venezuela (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Rubberworking Machinery ranks 21st in the Product Complexity Index (PCI).

Description Machinery for working rubber or plastics is used in the production of other goods. It can be made from a variety of materials, including steel, aluminum, and plastic.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $5.8B

Top Destination (2019): United States, $3.4B

Rubberworking Machinery are the world's 136th most traded product.

In 2019, the top exporters of Rubberworking Machinery were Germany ($5.8B), China ($5.04B), Japan ($2.63B), Italy ($2.32B), and Austria ($1.9B).

In 2019, the top importers of Rubberworking Machinery were United States ($3.4B), China ($2.9B), Germany ($1.58B), India ($1.36B), and Mexico ($1.12B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $490M

Top Destination Growth (2018 - 2019): India, $357M

Between 2018 and 2019, the exports of Rubberworking Machinery grew the fastest in China ($490M), Netherlands ($56.3M), Canada ($34M), United Kingdom ($18.3M), and United Arab Emirates ($15.8M).

Between 2018 and 2019, the fastest growing importers of Rubberworking Machinery were India ($357M), Vietnam ($277M), Indonesia ($64.4M), Uzbekistan ($42.8M), and South Korea ($39.7M).

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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 Rubberworking Machinery.

In 2019,  market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Rubberworking Machinery are explained by 15 countries.

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TOP NET EXPORTER (2019): Germany, $4.22B

TOP NET IMPORTER (2019): United States, $1.99B

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

In 2019, the countries that had a largest trade value in exports than in imports of Rubberworking Machinery were Germany ($4.22B), China ($2.14B), Japan ($1.98B), Italy ($1.69B), and Austria ($1.52B).

In 2019, the countries that had a largest trade value in imports than in exports of Rubberworking Machinery were United States ($1.99B), Vietnam ($1.08B), Mexico ($1.06B), India ($1.03B), and Indonesia ($626M).

Disaggregation

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Value

In 2019, the world most traded Rubberworking Machinery, disaggragated by their HS6 level were Parts of machines for working rubber... ($7.42B), rubber or plastic working machines, nes ($6.84B), Injection-moulding machines for rubber or plastic ($6.16B), Extruders for working rubber or plastic ($2.97B), and Blow moulding machines for rubber or... ($1.47B)

Import Tariffs

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In 2018, the average tariff for importing Rubberworking Machinery was 3.72%. The countries with the highest tariffs for importing Rubberworking Machinery were Bahamas (40.2%), Bermuda (25%), Maldives (19.6%), Cambodia (14.3%), and Venezuela (12%).

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