🛞 Rubber Belting

This visualization shows trends on Rubber Belting, displaying Trade Value indicator, which represents the total monetary value of traded goods during a period, reflecting the nominal worth of imports or exports.

Countries are shown based on data availability. For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

*Data was converted to USD using the exchange rates month.

In 2023, the leading exporters of Rubber Belting were China ($1.56B), Germany ($893M), and United States ($513M).

In the same year, the main importers of Rubber Belting were United States ($899M), Germany ($512M), and Canada ($294M).

The chart shows the evolution of market concentration in the exports of Rubber Belting.

In 2023, the leading exporters of Rubber Belting were China ($1.56B), Germany ($893M), and United States ($513M).

The map shows the trade balance in Rubber Belting for 2023. Colors represent the difference between each country’s export and import values. Shades of green indicate a trade surplus (exports largest than imports), while shades of red represent a trade deficit (imports largest than exports).

In 2023, the countries with the largest trade surpluses in Rubber Belting were China ($1.4B), Germany ($381M), and Japan ($319M).

Conversely, the countries with the largest trade deficits in Rubber Belting were United States (-$386M), Canada (-$199M), and Australia (-$165M).

In 2023, the most traded by-products worldwide within the Rubber Belting category, broken down to HS6 level, were Conveyor, transmission belts and belting, rubber nes ($5.36B), Transmission belts etc, rubber, trapezoidal ($1.52B), and Conveyor belts and belting, rubber, <20cm wide ($59.7k).

To explore the trade of a specific product in a particular country in more detail, you can visit the bilateral product profiles.

The map is color-coded to represent the percentage share of Rubber Belting in each country's total exports. For example, a value of 10% indicates that 10% of a country’s total exports consist of Rubber Belting. Darker shades highlight countries that rely more heavily on this product category for their export revenues.

In 2023, the countries with the highest share of Rubber Belting in their export portfolios were Gambia (0.34%), Romania (0.2%), and Turks and Caicos Islands (0.14%).

The map displays import tariffs applied to Rubber Belting imported by Germany from various countries of origin during 2024. Countries of origin are color-coded based on the applied tariff levels, allowing users to identify regions with the highest tariff costs and those with better trading conditions.

The data presented includes effective import tariff rates for all WTO member countries, covering only the years made available by the WTO.When special trade agreements exist between partner countries, the non-MFN tariff applies as the effective tariff rate.

In 2022, United States represented the largest export potential for China's Rubber Belting. Exports from China to United States amounted to $142M, with a predicted export potential of $37M. This could lead to total exports of $179M, representing an increase of 26.1% compared to the current value.

The bar chart shows the countries with the highest export potential for China's Rubber Belting. The solid bar represents the current export value, while the hatched bar indicates the projected export value. Thus, the total length of each bar reflects the export potential to these countries.

The Complexity-Relatedness diagram compares the risk and strategic value of potential export opportunities for a product. Relatedness measures the likelihood that an economy will expand its exports to a specific product, while complexity is associated with higher income levels, economic growth, reduced inequality, and lower emissions. In the chart, a rightward movement reflects a higher probability of exporting a new product, and an upward movement indicates an increase in the complexity of the territory's productive matrix.

*In the chart, the size of the circles is proportional to the volume of exports of the product in each country.

*Relative relatedness captures variation within each country, while absolute relatedness compares across countries.