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2022
Exports $33.5BWorld Rnk 1 / 226
Flag Rnk 20 / 96
2022
Destination $643M United States
2021 - 2022
FASTEST GROWING MARKET $643MRussia
2022
PRODUCT COMPLEXITY IN Rubber & articles thereof0.93Rnk 199 / 1025
2022
Imports $17.3BWorld Rnk 2 / 226
Flag Rnk 20 / 96
2022
Origin $330M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $330MRussia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $33.5B in Rubber & articles thereof, making it the 1st largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 20th most exported product in China. The main destination of Rubber & articles thereof exports from China are: United States ($3.19B), Russia ($1.55B), Mexico ($1.45B), United Kingdom ($1.09B), and Germany ($1.09B).

The fastest growing export markets for Rubber & articles thereof of China between 2021 and 2022 were Russia ($643M), Vietnam ($192M), and Mexico ($171M).

Imports In 2022, China imported $17.3B in Rubber & articles thereof, becoming the 2nd largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 20th most imported product in China. China imports Rubber & articles thereof primarily from: Thailand ($4.95B), Vietnam ($2.47B), Malaysia ($1.52B), Japan ($1.19B), and Germany ($934M).

The fastest growing import markets in Rubber & articles thereof for China between 2021 and 2022 were Russia ($330M), Laos ($285M), and Thailand ($252M).

COMPANIES In 2023, leading companies such as CrimsonLogic (1.07k), Goodyear Tire and Rubber (814), and Tredit Tire & Wheel (597) were at the forefront of shipping Rubber & articles thereof from China to the United States.

Latest Trends

August 2024

About

Overview In August 2024 China's Rubber & articles thereof exports accounted up to $3.2B and imports accounted up to $1.5B, resulting in a positive trade balance of $1.7B. Between August 2023 and August 2024 the exports of China's   Rubber & articles thereof have increased by $281M (9.62%) from $2.92B to $3.2B, while imports increased by $167M (12.5%) from $1.34B to $1.5B.

Destinations In August 2024, Rubber & articles thereof were exported mostly to United States ($240M), Russia ($168M), Mexico ($122M), Vietnam ($112M), and Germany ($102M), and were imported mostly from Thailand ($397M), Vietnam ($195M), Malaysia ($119M), Japan ($89.5M), and Germany ($65.4M).

Growth In August 2024, the increase in Rubber & articles thereof's year-by-year exports was explained primarily by an increase in exports to Russia ($71.8M or 64.7%), Mexico ($15.6M or 14.8%), and Singapore ($11.8M or 88.7%). In August 2024, the increase in Rubber & articles thereof's year-by-year imports was explained primarily by an increase in imports from Russia ($25.9M or 130%), Ghana ($1.62M or 5.75k%), and Belgium ($1.43M or 27.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$281M(9.62%)
IMPORT GROWTH (August 2023 - August 2024)$167M(12.5%)
MAIN EXPORTER (August 2024)Shandong Province$1.51B
MAIN DESTINATION (August 2024)United States$240M

This section shows Rubber & articles thereof's exports and imports data at subnational level for China. 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 Rubber & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$33.5B
IMPORTS (2022)$17.3B
NET TRADE (2022)$16.1B

In 2022, China exported $33.5B in Rubber & articles thereof. The main destinations of China exports on Rubber & articles thereof were United States ($3.19B), Russia ($1.55B), Mexico ($1.45B), United Kingdom ($1.09B), and Germany ($1.09B).

In 2022, China imported $17.3B in Rubber & articles thereof, mainly from Thailand ($4.95B), Vietnam ($2.47B), Malaysia ($1.52B), Japan ($1.19B), and Germany ($934M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$643M (70.6%)
Vietnam$192M (23.3%)
Mexico$171M (13.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY China WERE (2021 - 2022):
United States-$1.73B (-35.1%)
Canada-$332M (-26.3%)
Malaysia-$108M (-13.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Rubber & articles thereof were:
Thailand $20.1B
Germany $17.1B
In 2022, China's main importing competitors in Rubber & articles thereof were:
United States $36.1B
Germany $16.5B

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Trade Value of Rubber & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.04B
TOP IMPORT POTENTIALVietnam+ $562M

Rubber & articles thereof’s highest export potential is United States. With an export gap of $1.04B.   Rubber & articles thereof’s highest import potential is Vietnam with an import gap of $562M.

See methodology.

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