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401693 (Harmonized System 1992 for 6-digit)

2023
World Trade $14.5BRnk 241 / 4644
2023
Top Exporter | Top Importer $1.92B | $2.32BUnited States | United States
2023
Product Complexity 0.71Rnk 1262 / 4656
2022 - 2023
Export Growth (CAGR) 1.4%Rnk 1400 / 4644
2023
Share of World Trade 0.064%Rnk 241 / 4644

About

Overview This page contains the latest trade data of Gaskets, washers and other seals of vulcanised rubber. In 2023, Gaskets, washers and other seals of vulcanised rubber were the world's 241st most traded product, with a total trade of $14.5B. Between 2022 and 2023 the exports of Gaskets, washers and other seals of vulcanised rubber grew by 1.4%, from $14.3B to $14.5B. Trade in Gaskets, washers and other seals of vulcanised rubber represent 0.064% of total world trade.

Gaskets, washers and other seals of vulcanised rubber are a part of Other Rubber Products.

Exports In 2023 the top exporters of Gaskets, washers and other seals of vulcanised rubber  were United States ($1.92B), Germany ($1.77B), China ($1.48B), Japan ($890M), and Mexico ($880M).

Imports In 2023 the top importers of Gaskets, washers and other seals of vulcanised rubber were United States ($2.32B), Germany ($1.53B), China ($949M), Mexico ($904M), and Canada ($546M).

Ranking Gaskets, washers and other seals of vulcanised rubber ranks 1262nd in the Product Complexity Index (PCI).

Description Gaskets, washers and other seals of vulcanized rubber are used in a variety of applications and industries. They are used in vehicles and in the construction industry to seal various surfaces from water and other substances. They are also used in plumbing, and in the food industry to provide an airtight seal for jars to prevent the contents from spoiling.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Gaskets, washers and other seals of vulcanised rubber. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)United States$1.92B
Top Destination (2023)United States$2.32B

In 2023 Gaskets, washers and other seals of vulcanised rubber were the world's 241st most traded product (out of 4,644).

In 2023, the top exporters of Gaskets, washers and other seals of vulcanised rubber were United States ($1.92B), Germany ($1.77B), China ($1.48B), Japan ($890M), and Mexico ($880M).

In 2023, the top importers of Gaskets, washers and other seals of vulcanised rubber were United States ($2.32B), Germany ($1.53B), China ($949M), Mexico ($904M), and Canada ($546M).

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Exporters of Gaskets, washers and other seals of vulcanised rubber (2023)
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Importers of Gaskets, washers and other seals of vulcanised rubber (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$155M
Top Destination Growth (2022 -  2023)Germany$117M

Between 2022 and 2023, the exports of Gaskets, washers and other seals of vulcanised rubber grew the fastest in Mexico ($155M), Germany ($112M), Trinidad and Tobago ($100M), Czechia ($78M), and Poland ($54.5M).

Between 2022 and 2023, the fastest growing importers of Gaskets, washers and other seals of vulcanised rubber were Germany ($117M), Guyana ($103M), Czechia ($75.2M), Canada ($68M), and United Arab Emirates ($49.3M).

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Exporters of Gaskets, washers and other seals of vulcanised rubber (2022 - 2023)

Importers of Gaskets, washers and other seals of vulcanised rubber (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Gaskets, washers and other seals of vulcanised rubber.

In 2023, market concentration measured using Shannon Entropy, was 4.66. This means that most of the exports of Gaskets, washers and other seals of vulcanised rubber are explained by 25 countries.

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Value of Exports in Gaskets, washers and other seals of vulcanised rubber

Net Trade

TOP NET EXPORTER (2023)Italy$604M
TOP NET IMPORTER (2023)United States$395M

This map shows which countries export or import more of Gaskets, washers and other seals of vulcanised rubber. Each country is colored based on the difference in exports and imports of Gaskets, washers and other seals of vulcanised rubber during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Gaskets, washers and other seals of vulcanised rubber were Italy ($604M), Japan ($562M), China ($534M), Chinese Taipei ($276M), and Poland ($246M).

In 2023, the countries that had a largest trade value in imports than in exports of Gaskets, washers and other seals of vulcanised rubber were United States ($395M), Canada ($341M), Brazil ($257M), United Arab Emirates ($168M), and Australia ($136M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Gaskets, washers and other seals of vulcanised rubber.
It is possible to select the main countries that export or import Gaskets, washers and other seals of vulcanised rubber in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Gaskets, washers and other seals of vulcanised rubber by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

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