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401120 (Harmonized System 1992 for 6-digit)

2023
World Trade $29.9BRnk 101 / 4644
2023
Top Exporter | Top Importer $8.76B | $6.2BChina | United States
2023
Product Complexity 0.066Rnk 2440 / 4656
2022 - 2023
Export Growth (CAGR) -4.75%Rnk 2075 / 4644
2023
Share of World Trade 0.13%Rnk 101 / 4644

About

Overview This page contains the latest trade data of Pneumatic tyres new of rubber for buses or lorries. In 2023, Pneumatic tyres new of rubber for buses or lorries were the world's 101st most traded product, with a total trade of $29.9B. Between 2022 and 2023 the exports of Pneumatic tyres new of rubber for buses or lorries decreased by -4.75%, from $31.3B to $29.9B. Trade in Pneumatic tyres new of rubber for buses or lorries represent 0.13% of total world trade.

Pneumatic tyres new of rubber for buses or lorries are a part of Rubber Tires.

Exports In 2023 the top exporters of Pneumatic tyres new of rubber for buses or lorries  were China ($8.76B), Thailand ($3.26B), United States ($1.6B), Japan ($1.5B), and Vietnam ($1.27B).

Imports In 2023 the top importers of Pneumatic tyres new of rubber for buses or lorries were United States ($6.2B), Mexico ($1.86B), Germany ($1.8B), Canada ($1.12B), and France ($1.01B).

Ranking Pneumatic tyres new of rubber for buses or lorries ranks 2440th in the Product Complexity Index (PCI).

Description Pneumatic tyres are rubber that are inflated with air to keep them from touching the ground. They are used on buses and lorries to increase the weight limit, reduce the noise, and increase the steering.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Pneumatic tyres new of rubber for buses or lorries. 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)China$8.76B
Top Destination (2023)United States$6.2B

In 2023 Pneumatic tyres new of rubber for buses or lorries were the world's 101st most traded product (out of 4,644).

In 2023, the top exporters of Pneumatic tyres new of rubber for buses or lorries were China ($8.76B), Thailand ($3.26B), United States ($1.6B), Japan ($1.5B), and Vietnam ($1.27B).

In 2023, the top importers of Pneumatic tyres new of rubber for buses or lorries were United States ($6.2B), Mexico ($1.86B), Germany ($1.8B), Canada ($1.12B), and France ($1.01B).

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Exporters of Pneumatic tyres new of rubber for buses or lorries (2023)
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Importers of Pneumatic tyres new of rubber for buses or lorries (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$178M
Top Destination Growth (2022 -  2023)Mexico$170M

Between 2022 and 2023, the exports of Pneumatic tyres new of rubber for buses or lorries grew the fastest in China ($178M), Slovakia ($147M), Cambodia ($115M), Romania ($81.9M), and United States ($77.5M).

Between 2022 and 2023, the fastest growing importers of Pneumatic tyres new of rubber for buses or lorries were Mexico ($170M), France ($113M), Vietnam ($87.4M), Italy ($87M), and Turkey ($79.7M).

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Exporters of Pneumatic tyres new of rubber for buses or lorries (2022 - 2023)

Importers of Pneumatic tyres new of rubber for buses or lorries (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Pneumatic tyres new of rubber for buses or lorries.

In 2023, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Pneumatic tyres new of rubber for buses or lorries are explained by 18 countries.

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Value of Exports in Pneumatic tyres new of rubber for buses or lorries

Net Trade

TOP NET EXPORTER (2023)China$8.69B
TOP NET IMPORTER (2023)United States$4.59B

This map shows which countries export or import more of Pneumatic tyres new of rubber for buses or lorries. Each country is colored based on the difference in exports and imports of Pneumatic tyres new of rubber for buses or lorries during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Pneumatic tyres new of rubber for buses or lorries were China ($8.69B), Thailand ($3.15B), Japan ($1.28B), Slovakia ($1B), and Vietnam ($968M).

In 2023, the countries that had a largest trade value in imports than in exports of Pneumatic tyres new of rubber for buses or lorries were United States ($4.59B), Mexico ($1.61B), Saudi Arabia ($687M), Germany ($627M), and Australia ($603M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Pneumatic tyres new of rubber for buses or lorries.
It is possible to select the main countries that export or import Pneumatic tyres new of rubber for buses or lorries in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Pneumatic tyres new of rubber for buses or lorries 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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