Synthetic Rubber in Russia

EXPORTS (2018): $1.82B, World Rnk 6 / 123
Flag Rnk 22 / 1196

TOP DESTINATION (2018): $207M, China

FASTEST GROWING MARKET (2017 - 2018): $28.4M, India

IMPORTS (2018): $205M, World Rnk 27 / 192
Flag Rnk 251 / 1200

TOP ORIGIN (2018): $54.2M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $7.92M, Chinese Taipei

ECONOMIC COMPLEXITY of Russia (2018): 0.6, Rnk 41 / 137

PRODUCT COMPLEXITY  IN Synthetic Rubber (2018): 1.12, Rnk 135 / 1018

Overview: This page contains the latest trade data of Synthetic Rubber in Russia.

Exports: In 2018, Russia exported $1.82B in Synthetic Rubber, making it the 6th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 22nd most exported product in Russia. The main destination of Synthetic Rubber exports from Russia are: China ($207M), Poland ($182M), India ($167M), Hungary ($145M), and United States ($107M).

The fastest growing export markets for Synthetic Rubber of Russia between 2017 and 2018 were India ($28.4M), Thailand ($15.6M), and Mexico ($14M).

Imports: In 2018, Russia imported $205M in Synthetic Rubber, becoming the 27th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 251st most imported product in Russia. Russia imports Synthetic Rubber primarily from: Germany ($54.2M), Belgium-Luxembourg ($21.5M), South Korea ($16.9M), China ($15.3M), and Chinese Taipei ($15.1M).

The fastest growing import markets in Synthetic Rubber for Russia between 2017 and 2018 were Chinese Taipei ($7.92M), Belgium-Luxembourg ($6.06M), and Hungary ($2.31M).

Tariffs: In 2018, the average tariff for Russia in Synthetic Rubber was 4.77%. The countries with the highest import tariffs for Synthetic Rubber were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

Overview: In June 2020 Russia's Synthetic Rubber exports accounted up to $101M and imports accounted up to $12.9M, resulting in a positive trade balance of $87.9M. Between June 2019 and June 2020 the exports of Russia's   Synthetic Rubber have decreased by $-6.06M (-5.67%) from $107M to $101M, while imports decreased by $-2.85M (-18.2%) from $15.7M to $12.9M.

Destinations: In June 2020 Synthetic Rubber exported mostly to China ($32.2M), India ($12.9M), Poland ($6.3M), Turkey ($5.23M), and Slovakia ($5.14M), and imported mostly from Germany ($2.59M), Taiwan ($2.15M), Japan ($1.66M), South Korea ($1.24M), and United States ($1.17M).

Growth: In June 2020, the decrease in Synthetic Rubber's year-by-year exports was explained primarily by a decrease in exports to Hungary ($-10.7M or -90.2%), Poland ($-7.65M or -54.9%), and Mexico ($-4.05M or -62.4%). In June 2020, the decrease in Synthetic Rubber's year-by-year imports was explained primarily by a decrease in imports from Germany ($-1.27M or -32.9%), Czechia ($-522k or -80.7%), and China ($-465k or -37.4%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (June 2019 - June 2020): $-6.06M, (-5.67%)

IMPORT GROWTH (June 2019 - June 2020): $-2.85M, (-18.2%)

MAIN EXPORTER (June 2020): Republic Of Tatarstan, $59.3M

MAIN DESTINATION (June 2020): China, $32.2M

This section shows Synthetic Rubber's exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Synthetic Rubber over time.

Value

EXPORTS (2018): $1.82B

IMPORTS (2018): $205M

NET TRADE (2018): $1.62B

In 2018, Russia exported $1.82B in Synthetic Rubber. The main destinations of Russia exports on Synthetic Rubber were China ($207M), Poland ($182M), India ($167M), Hungary ($145M), and United States ($107M).

In 2018, Russia imported $205M in Synthetic Rubber, mainly from Germany ($54.2M), Belgium-Luxembourg ($21.5M), South Korea ($16.9M), China ($15.3M), and Chinese Taipei ($15.1M).

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IN 2018, Russia HAD A POSITIVE NET TRADE IN Synthetic Rubber WITH:

  • China, $192M ($207M - $15.3M)
  • Poland, $176M ($182M - $5.97M)
  • India, $167M ($167M - $67.2k)

IN 2018, Russia HAD A NEGATIVE NET TRADE IN Synthetic Rubber WITH:

  • United Kingdom, -$5.17M ($720k - $5.89M)
  • Finland, -$2.48M ($9.3M - $11.8M)
  • Singapore, -$1.04M ($17.2k - $1.05M)
Flow

THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Russia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Russia WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Russia's main exporting competitors in Synthetic Rubber were:

In 2018, Russia's main importing competitors in Synthetic Rubber were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Synthetic Rubber in Russia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Russia in Synthetic Rubber was 4.77%.

The countries with the highest tariffs for Synthetic Rubber in Russia were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

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