HS Icon Scrap Rubber

4004 (Harmonized System 1992 for 4-digit)

World Trade (2019): $268M, Rnk 1108 / 1217

Top Exporter (2019): $31.8M, United States

Top Importer (2019): $39.7M, India

Export Growth (CAGR)(2018 - 2019): 0.85%, Rnk 338 / 1217

Mean Tariff (2018): 5.42%, Rnk 759 / 1259

Share of World Trade (2019): 0.0015%, Rnk 1108 / 1217

Overview:  This page contains the latest trade data of Scrap Rubber. In 2019, Scrap Rubber were the world's 1108th most traded product, with a total trade of $268M. Between 2018 and 2019 the exports of Scrap Rubber grew by 0.85%, from  $266M to $268M. Trade in Scrap Rubber represent 0.0015% of total world trade.

Exports: In 2019 the top exporters of Scrap Rubber  were United States ($31.8M), Canada ($20.6M), Germany ($19.7M), United Kingdom ($18.8M), and Italy ($18.7M).

Imports: In 2019 the top importers of Scrap Rubber were India ($39.7M), United States ($33.2M), Germany ($17M), Poland ($11.6M), and Netherlands ($10.9M).

Tariffs: In 2018 the average tariff for Scrap Rubber was 5.42%, making it the 759th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Scrap Rubber are Bahamas (40.2%), Malaysia (25%), Bermuda (25%), Iran (20%), and Tunisia (20%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Exporters and Importers

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Trade By Country

Top Origin (2019): United States, $31.8M

Top Destination (2019): India, $39.7M

Scrap Rubber are the world's 1108th most traded product.

In 2019, the top exporters of Scrap Rubber were United States ($31.8M), Canada ($20.6M), Germany ($19.7M), United Kingdom ($18.8M), and Italy ($18.7M).

In 2019, the top importers of Scrap Rubber were India ($39.7M), United States ($33.2M), Germany ($17M), Poland ($11.6M), and Netherlands ($10.9M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): South Korea, $5.06M

Top Destination Growth (2018 - 2019): United States, $8.5M

Between 2018 and 2019, the exports of Scrap Rubber grew the fastest in South Korea ($5.06M), China ($4.39M), Germany ($3.26M), India ($3.1M), and Canada ($2.97M).

Between 2018 and 2019, the fastest growing importers of Scrap Rubber were United States ($8.5M), Poland ($5.15M), Malaysia ($3.21M), Singapore ($2.81M), and China ($2.09M).

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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 Scrap Rubber.

In 2019,  market concentration measured using Shannon Entropy, was 4.95. This means that most of the exports of Scrap Rubber are explained by 30 countries.

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TOP NET EXPORTER (2019): Italy, $16.5M

TOP NET IMPORTER (2019): India, $35.1M

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

In 2019, the countries that had a largest trade value in exports than in imports of Scrap Rubber were Italy ($16.5M), Canada ($15.6M), United Kingdom ($13.7M), Denmark ($7.15M), and United Arab Emirates ($6.94M).

In 2019, the countries that had a largest trade value in imports than in exports of Scrap Rubber were India ($35.1M), Malaysia ($7.51M), Japan ($6.8M), Singapore ($5.9M), and Czechia ($4.13M).

Disaggregation

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Value

In 2019, the world most traded Scrap Rubber, disaggragated by their HS6 level were Waste, parings and scrap (except hard... ($268M)

Import Tariffs

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In 2018, the average tariff for importing Scrap Rubber was 5.42%.  The countries with the highest tariffs for importing Scrap Rubber were Bahamas (40.2%), Malaysia (25%), Bermuda (25%), Iran (20%), and Tunisia (20%).

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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.