HS Code:
Balata, categorized under HS Code 4001.30, refers to a type of natural rubber obtained from the latex of the Manilkara bidentata tree, primarily found in South America. It is a non-elastic, tough, and durable material historically used in the manufacture of machine belting, golf ball covers, and other industrial applications. While its use has declined with the advent of synthetic alternatives, it remains relevant in niche markets and for specific industrial purposes. Global trade in Balata is relatively small compared to other rubber categories, but it holds cultural and economic significance in producing regions.
Total Trade Volume
Approximately $10 million USD
Data from 2022
Source
United Nations Comtrade Database
$4.5 million USD
45% of total trade of total trade
Stable
$2.8 million USD
28% of total trade of total trade
Increasing
$1.2 million USD
12% of total trade of total trade
Decreasing
$0.8 million USD
8% of total trade of total trade
Stable
$0.7 million USD
7% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as Mercosur)
Decline in demand due to synthetic alternatives
Reduced trade volumes as industries shift to more cost-effective and versatile synthetic materials
2018-2022
Niche market growth for eco-friendly products
Increased interest in Balata for sustainable and biodegradable applications, particularly in niche industrial sectors
2020-2022
Fluctuations in production due to environmental concerns
Stricter regulations on tree harvesting in South America have led to supply constraints
2019-2022
The Brazilian government has implemented new guidelines to ensure sustainable harvesting of Balata trees, aiming to protect rainforests while maintaining export levels.
March 2022
Potential short-term reduction in supply but long-term stability for the industry
Guyana has signed trade agreements with several Asian countries to export Balata for industrial applications, boosting its trade volume.
July 2022
Increased trade volume and diversification of export destinations
The European Union has introduced stricter environmental certification requirements for Balata imports to ensure sustainability.
October 2022
Possible barriers for smaller exporters without certification capabilities