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2022
Exports $107MWorld Rnk 3 / 111
Flag Rnk 857 / 1216
2022
Destination $2.72M Vietnam
2021 - 2022
FASTEST GROWING MARKET $2.72MSudan
2022
PRODUCT COMPLEXITY IN Rubber Thread0.38Rnk 414 / 1025
2022
Imports $308MWorld Rnk 1 / 194
Flag Rnk 449 / 1212
2022
Origin $793k Thailand
2021 - 2022
FASTEST GROWING ORIGIN $793kIndia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $107M in Rubber Thread, making it the 3rd largest exporter of Rubber Thread in the world. At the same year, Rubber Thread was the 857th most exported product in China. The main destination of Rubber Thread exports from China are: Vietnam ($7.08M), United States ($7.01M), United Kingdom ($6.71M), Sudan ($6.26M), and Mexico ($5.81M).

The fastest growing export markets for Rubber Thread of China between 2021 and 2022 were Sudan ($2.72M), United States ($1.69M), and Philippines ($1.43M).

Imports In 2022, China imported $308M in Rubber Thread, becoming the 1st largest importer of Rubber Thread in the world. At the same year, Rubber Thread was the 449th most imported product in China. China imports Rubber Thread primarily from: Thailand ($233M), Malaysia ($63.6M), Indonesia ($5.49M), Vietnam ($3.85M), and India ($1.33M).

The fastest growing import markets in Rubber Thread for China between 2021 and 2022 were India ($793k), Czechia ($114k), and Italy ($95.4k).

COMPANIES In 2023, leading companies such as Goodyear Tire and Rubber (54), CrimsonLogic (27), and BSH Home Appliances (11) were at the forefront of shipping Rubber Thread from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Rubber Thread exports accounted up to $11.5M and imports accounted up to $29M, resulting in a negative trade balance of $17.5M. Between October 2023 and October 2024 the exports of China's   Rubber Thread have increased by $977k (9.32%) from $10.5M to $11.5M, while imports increased by $4.85M (20.1%) from $24.2M to $29M.

Destinations In October 2024, Rubber Thread were exported mostly to United States ($1.27M), Vietnam ($715k), Mexico ($537k), Philippines ($479k), and India ($397k), and were imported mostly from Thailand ($21.9M), Malaysia ($6.42M), Indonesia ($491k), Vietnam ($49.8k), and Japan ($32.2k).

Growth In October 2024, the increase in Rubber Thread's year-by-year exports was explained primarily by an increase in exports to Singapore ($622k or 1.27k%), Australia ($382k or 485%), and Mexico ($289k or 56.4%). In October 2024, the increase in Rubber Thread's year-by-year imports was explained primarily by an increase in imports from Italy ($39.9k or 1.41k%), Chinese Taipei ($10.3k or 92.6%), and Germany ($10.3k or 244%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$977k(9.32%)
IMPORT GROWTH (October 2023 - October 2024)$4.85M(20.1%)
MAIN EXPORTER (October 2024)Zhejiang Province$10.3M
MAIN DESTINATION (October 2024)United States$1.27M

This section shows Rubber Thread'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 Thread over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$107M
IMPORTS (2022)$308M
NET TRADE (2022)-$202M

In 2022, China exported $107M in Rubber Thread. The main destinations of China exports on Rubber Thread were Vietnam ($7.08M), United States ($7.01M), United Kingdom ($6.71M), Sudan ($6.26M), and Mexico ($5.81M).

In 2022, China imported $308M in Rubber Thread, mainly from Thailand ($233M), Malaysia ($63.6M), Indonesia ($5.49M), Vietnam ($3.85M), and India ($1.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Thread EXPORT MARKETS FOR China WERE (2021 - 2022):
Sudan$2.72M (76.9%)
United States$1.69M (31.6%)
Philippines$1.43M (53.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Thread BY China WERE (2021 - 2022):
Uzbekistan-$1.12M (-47.3%)
Nigeria-$1M (-55.4%)
Iraq-$548k (-22.7%)
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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 Thread were:
Thailand $386M
Malaysia $168M
In 2022, China's main importing competitors in Rubber Thread were:
Bangladesh $45.3M
Vietnam $28.1M

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Trade Value of Rubber Thread by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $1.36M
TOP IMPORT POTENTIALVietnam+ $2.74M

Rubber Thread’s highest export potential is Vietnam. With an export gap of $1.36M.   Rubber Thread’s highest import potential is Vietnam with an import gap of $2.74M.

See methodology.

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