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Vulcanised rubber thread and cord

4007 (Harmonized System 1992 for 4-digit)

2023
World Trade $515MRnk 1031 / 1217
2023
Top Exporter | Top Importer $282M | $240MThailand | China
2023
Product Complexity 0.43Rnk 401 / 1044
2022 - 2023
Export Growth (CAGR) -30.2%Rnk 1154 / 1217
2023
Share of World Trade 0.0023%Rnk 1031 / 1217

About

Overview This page contains the latest trade data of Rubber Thread. In 2023, Rubber Thread were the world's 1031st most traded product, with a total trade of $515M. Between 2022 and 2023 the exports of Rubber Thread decreased by -30.2%, from $738M to $515M. Trade in Rubber Thread represent 0.0023% of total world trade.

Rubber Thread are a part of Rubber & articles thereof. They include Vulcanised rubber thread and cord.

Exports In 2023 the top exporters of Rubber Thread  were Thailand ($282M), Malaysia ($106M), China ($53.2M), India ($17.4M), and United Kingdom ($6.81M).

Imports In 2023 the top importers of Rubber Thread were China ($240M), Vietnam ($23M), Bangladesh ($22.2M), Indonesia ($19M), and Brazil ($13.4M).

Ranking Rubber Thread ranks 401st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Rubber Thread. 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)Thailand$282M
Top Destination (2023)China$240M

In 2023 Rubber Thread were the world's 1031st most traded product (out of 1,217).

In 2023, the top exporters of Rubber Thread were Thailand ($282M), Malaysia ($106M), China ($53.2M), India ($17.4M), and United Kingdom ($6.81M).

In 2023, the top importers of Rubber Thread were China ($240M), Vietnam ($23M), Bangladesh ($22.2M), Indonesia ($19M), and Brazil ($13.4M).

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

Color
Top Origin Growth (2022 -  2023)Austria$416k
Top Destination Growth (2022 -  2023)Vietnam$1.39M

Between 2022 and 2023, the exports of Rubber Thread grew the fastest in Austria ($416k), Brazil ($306k), Canada ($269k), Egypt ($249k), and United Kingdom ($208k).

Between 2022 and 2023, the fastest growing importers of Rubber Thread were Vietnam ($1.39M), Netherlands ($810k), Ethiopia ($739k), Nigeria ($439k), and Singapore ($392k).

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Exporters of Rubber Thread (2022 - 2023)

Importers of Rubber Thread (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 2.3. This means that most of the exports of Rubber Thread are explained by 4 countries.

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Value of Exports in Rubber Thread

Net Trade

TOP NET EXPORTER (2023)Thailand$281M
TOP NET IMPORTER (2023)China$187M

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

In 2023, the countries that had a largest trade value in exports than in imports of Rubber Thread were Thailand ($281M), Malaysia ($104M), India ($11.7M), Luxembourg ($2.54M), and Japan ($2.22M).

In 2023, the countries that had a largest trade value in imports than in exports of Rubber Thread were China ($187M), Bangladesh ($22.2M), Vietnam ($18.7M), Indonesia ($14.7M), and Brazil ($12.1M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $1.09M
TOP IMPORT POTENTIALMalaysia+ $74.9k

Rubber Thread’s highest export potential is United States. With an export gap of $1.09M.  Rubber Thread’s highest import potential is Malaysia with an import gap of $74.9k.

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)

Country by Relatedness

The following visualization shows the relatedness of Rubber Thread 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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