Rubberworking Machinery8477 (Harmonized System 1992 for 4-digit)
World Trade (2018): $28.9B, Rnk 131 / 1225
Top Exporter (2018): $6.43B, Germany
Top Importer (2018): $3.66B, United States
Product Complexity (2018): 1.3, Rnk 81 / 1018
Export Growth (CAGR)(2017 - 2018): 9.79%, Rnk 785 / 1225
Mean Tariff (2018): 3.72%, Rnk 1048 / 1259
Share of World Trade (2018): 0.16%, Rnk 131 / 1225
Overview: This page contains the latest trade data of Rubberworking Machinery. In 2018, Rubberworking Machinery were the world's 131st most traded product, with a total trade of $28.9B. Between 2017 and 2018 the exports of Rubberworking Machinery grew by 9.79%, from $26.3B to $28.9B. Trade in Rubberworking Machinery represent 0.16% of total world trade.
Exports: In 2018 the top exporters of Rubberworking Machinery were Germany ($6.43B), China ($4.53B), Japan ($2.68B), Italy ($2.46B), and Austria ($2.2B).
Imports: In 2018 the top importers of Rubberworking Machinery were United States ($3.66B), China ($3.33B), Germany ($1.75B), Mexico ($1.38B), and India ($1B).
Tariffs: In 2018 the average tariff for Rubberworking Machinery was 3.72%, been the 1048 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 81st in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Germany, $6.43B
Top Destination (2018): United States, $3.66B
Rubberworking Machinery are the world's 131st most traded product.
In 2018, the top exporters of Rubberworking Machinery were Germany ($6.43B), China ($4.53B), Japan ($2.68B), Italy ($2.46B), and Austria ($2.2B).
In 2018, the top importers of Rubberworking Machinery were United States ($3.66B), China ($3.33B), Germany ($1.75B), Mexico ($1.38B), and India ($1B).
Trade by country
Between 2017 and 2018, the exports of Rubberworking Machinery grew the fastest in Germany ($521M), Austria ($455M), Chinese Taipei ($327M), Italy ($222M), and United States ($206M).
Between 2017 and 2018, the fastest growing importers of Rubberworking Machinery were China ($399M), Thailand ($269M), Poland ($232M), Germany ($202M), and Spain ($163M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Rubberworking Machinery.
In 2018, market concentration measured using Shannon Entropy, was 3.99. This means that most of the exports of Rubberworking Machinery are explained by 15 countries.
TOP NET EXPORTER (2018): Germany, $4.68B
TOP NET IMPORTER (2018): United States, $2.3B
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Rubberworking Machinery were Germany ($4.68B), Japan ($2.04B), Austria ($1.77B), Italy ($1.73B), and China ($1.2B).
In 2018, the countries that had a largest trade value in imports than in exports of Rubberworking Machinery were United States ($2.3B), Mexico ($1.31B), Vietnam ($811M), Thailand ($699M), and India ($649M).
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.
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