Synthetic Rubber in South Africa | The Observatory of Economic Complexity

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Exports In 2022, South Africa exported $3.89M in Synthetic Rubber, making it the 53rd largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 696th most exported product in South Africa. The main destination of Synthetic Rubber exports from South Africa are: Australia ($703k), Turkey ($472k), Zimbabwe ($410k), United Kingdom ($364k), and Zambia ($321k).

The fastest growing export markets for Synthetic Rubber of South Africa between 2021 and 2022 were Australia ($487k), Turkey ($288k), and United Kingdom ($219k).

Imports In 2022, South Africa imported $136M in Synthetic Rubber, becoming the 31st largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 154th most imported product in South Africa. South Africa imports Synthetic Rubber primarily from: Poland ($29M), China ($16.7M), Germany ($11.1M), Italy ($9.52M), and South Korea ($8.26M).

The fastest growing import markets in Synthetic Rubber for South Africa between 2021 and 2022 were China ($8.2M), Belgium ($6.41M), and Poland ($5.37M).

Latest Trends

February 2024

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Overview In February 2024 South Africa's Synthetic Rubber exports accounted up to ZAR1.34M and imports accounted up to ZAR177M, resulting in a negative trade balance of ZAR175M. Between February 2023 and February 2024 the exports of South Africa's Synthetic Rubber have decreased by ZAR-1.99M (-59.8%) from ZAR3.33M to ZAR1.34M, while imports increased by ZAR30.1M (20.5%) from ZAR147M to ZAR177M.

Destinations In February 2024, Synthetic Rubber were exported mostly to Zimbabwe (ZAR411k), Oman (ZAR292k), China (ZAR250k), Zambia (ZAR159k), and Namibia (ZAR142k), and were imported mostly from China (ZAR51.2M), Italy (ZAR23.4M), South Korea (ZAR19.9M), Poland (ZAR15.2M), and Japan (ZAR14M).

Growth In February 2024, the decrease in Synthetic Rubber's year-by-year exports was explained primarily by a decrease in exports to Zimbabwe (ZAR-138k or -52.3%), Lesotho (ZAR-44.2k or -45.1%), and Mozambique (ZAR-16.7k or -36.4%). In February 2024, the increase in Synthetic Rubber's year-by-year imports was explained primarily by an increase in imports from Italy (ZAR15.2M or 235%), Czechia (ZAR11.8M or 813%), and United Kingdom (ZAR11M or 187%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)ZAR-1.99M(-59.8%)

IMPORT GROWTH (February 2023 - February 2024)ZAR30.1M(20.5%)

MAIN EXPORTER (February 2024)DurbanZAR1.97M

MAIN DESTINATION (February 2024)ZimbabweZAR411k

This section shows Synthetic Rubber's exports and imports data at subnational level for South Africa. 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.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$3.89M

IMPORTS (2022)$136M

NET TRADE (2022)-$132M

In 2022, South Africa exported $3.89M in Synthetic Rubber. The main destinations of South Africa exports on Synthetic Rubber were Australia ($703k), Turkey ($472k), Zimbabwe ($410k), United Kingdom ($364k), and Zambia ($321k).

In 2022, South Africa imported $136M in Synthetic Rubber, mainly from Poland ($29M), China ($16.7M), Germany ($11.1M), Italy ($9.52M), and South Korea ($8.26M).

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