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Pricing

Conveyor or transmission belts or belting, of vulcanised rubber

4010 (Harmonized System 1992 for 4-digit)

2023
World Trade $6.89BRnk 458 / 1217
2023
Top Exporter | Top Importer $1.56B | $899MChina | United States
2023
Product Complexity 0.78Rnk 261 / 1044
2022 - 2023
Export Growth (CAGR) 0.5%Rnk 391 / 1217
2023
Share of World Trade 0.03%Rnk 458 / 1217

About

Overview This page contains the latest trade data of Rubber Belting. In 2023, Rubber Belting were the world's 458th most traded product, with a total trade of $6.89B. Between 2022 and 2023 the exports of Rubber Belting grew by 0.5%, from $6.85B to $6.89B. Trade in Rubber Belting represent 0.03% of total world trade.

Rubber Belting are a part of Rubber & articles thereof. They include Conveyor, transmission belts and belting, rubber nes, Transmission belts etc, rubber, trapezoidal, and Conveyor belts and belting, rubber, <20cm wide.

Exports In 2023 the top exporters of Rubber Belting  were China ($1.56B), Germany ($893M), United States ($513M), Japan ($402M), and Italy ($351M).

Imports In 2023 the top importers of Rubber Belting were United States ($899M), Germany ($512M), Canada ($294M), France ($225M), and Brazil ($197M).

Ranking Rubber Belting ranks 261st in the Product Complexity Index (PCI).

Description Vulcanised rubber conveyor or transmission belts are used to transmit power from a motor to machinery or equipment. The belt is wrapped around two pulleys, which are then connected to the machine.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Rubber Belting. 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$1.56B
Top Destination (2023)United States$899M

In 2023 Rubber Belting were the world's 458th most traded product (out of 1,217).

In 2023, the top exporters of Rubber Belting were China ($1.56B), Germany ($893M), United States ($513M), Japan ($402M), and Italy ($351M).

In 2023, the top importers of Rubber Belting were United States ($899M), Germany ($512M), Canada ($294M), France ($225M), and Brazil ($197M).

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Exporters of Rubber Belting (2023)
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Importers of Rubber Belting (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$46.6M
Top Destination Growth (2022 -  2023)Russia$40.2M

Between 2022 and 2023, the exports of Rubber Belting grew the fastest in China ($46.6M), Italy ($40.6M), Germany ($38.5M), Poland ($31.4M), and United Kingdom ($28.8M).

Between 2022 and 2023, the fastest growing importers of Rubber Belting were Russia ($40.2M), Poland ($27.7M), United Arab Emirates ($24.4M), Germany ($15.8M), and Turkey ($14.9M).

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Exporters of Rubber Belting (2022 - 2023)

Importers of Rubber Belting (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rubber Belting.

In 2023, market concentration measured using Shannon Entropy, was 4.33. This means that most of the exports of Rubber Belting are explained by 20 countries.

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Value of Exports in Rubber Belting

Net Trade

TOP NET EXPORTER (2023)China$1.4B
TOP NET IMPORTER (2023)United States$386M

This map shows which countries export or import more of Rubber Belting. Each country is colored based on the difference in exports and imports of Rubber Belting during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Rubber Belting were China ($1.4B), Germany ($381M), Japan ($319M), Italy ($167M), and Romania ($165M).

In 2023, the countries that had a largest trade value in imports than in exports of Rubber Belting were United States ($386M), Canada ($199M), Australia ($165M), Russia ($157M), and Brazil ($142M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Rubber Belting, disaggragated by their HS6 level were Conveyor, transmission belts and belting, rubber... ($5.36B), Transmission belts etc, rubber, trapezoidal ($1.52B), and Conveyor belts and belting, rubber, <20cm... ($59.7k)

HS6 Disaggregation for Rubber Belting (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Rubber Belting.
It is possible to select the main countries that export or import Rubber Belting in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Rubber Belting by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $7.15M
TOP IMPORT POTENTIALChina+ $37M

Rubber Belting’s highest export potential is Germany. With an export gap of $7.15M.  Rubber Belting’s highest import potential is China with an import gap of $37M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Rubber Belting.

Country by Relatedness

The following visualization shows the relatedness of Rubber Belting to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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