Rubber in China 2021 Exports | Imports : $64.6M | $3.72B, World Rnk 21 / 128 Rnk 912 / 1215 | World Rnk 1 / 197 Rnk 88 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $7.76M | $659M, Slovakia | Thailand
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Rubber: -2.26, Rnk 1018 / 1029
Exports In 2021, China exported $64.6M in Rubber, making it the 21st largest exporter of Rubber in the world. At the same year, Rubber was the 912th most exported product in China. The main destination of Rubber exports from China are: North Korea ($10.2M), Slovakia ($7.76M), Romania ($4.99M), Germany ($4.77M), and Poland ($4.71M).
The fastest growing export markets for Rubber of China between 2020 and 2021 were Slovakia ($7.76M), North Korea ($6.37M), and Romania ($4.99M).
Imports In 2021, China imported $3.72B in Rubber, becoming the 1st largest importer of Rubber in the world. At the same year, Rubber was the 88th most imported product in China. China imports Rubber primarily from: Thailand ($1.94B), Malaysia ($518M), Indonesia ($300M), Cote d'Ivoire ($288M), and Vietnam ($257M).
The fastest growing import markets in Rubber for China between 2020 and 2021 were Thailand ($659M), Malaysia ($130M), and Cote d'Ivoire ($75M).
Tariffs In 2018, the average tariff for China in Rubber was 19.6%. The countries with the highest import tariffs for Rubber were Angola (Most Favoured Nation duty rate treatment, 20%), Burundi (Most Favoured Nation duty rate treatment, 20%), Benin (Most Favoured Nation duty rate treatment, 20%), Burkina Faso (Most Favoured Nation duty rate treatment, 20%), and Botswana (Most Favoured Nation duty rate treatment, 20%).
March 2023
Overview In March 2023 China's Rubber exports accounted up to $1.53M and imports accounted up to $320M, resulting in a negative trade balance of $319M. Between March 2022 and March 2023 the exports of China's Rubber have decreased by $-8.31M (-84.4%) from $9.84M to $1.53M, while imports decreased by $-124M (-27.9%) from $445M to $320M.
Destinations In March 2023, Rubber were exported mostly to North Korea ($655k), Vietnam ($304k), Russia ($252k), Kenya ($142k), and Israel ($83k), and were imported mostly from Thailand ($148M), Cote d'Ivoire ($57.9M), Indonesia ($41.3M), Malaysia ($39.6M), and Vietnam ($13.4M).
Growth In March 2023, the decrease in Rubber's year-by-year exports was explained primarily by a decrease in exports to United States ($-165k or -99.9%), Pakistan ($-85.3k or -87.6%), and India ($-487 or -26.2%). In March 2023, the decrease in Rubber's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-18M or -34.9%), Ghana ($-1.79M or -98.4%), and Cambodia ($-1.49M or -55.4%).
EXPORT GROWTH (March 2022 - March 2023): $-8.31M, (-84.4%)
IMPORT GROWTH (March 2022 - March 2023): $-124M, (-27.9%)
MAIN EXPORTER (March 2023): Shandong Province, $867k
MAIN DESTINATION (March 2023): North Korea, $655k
This section shows Rubber'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 over time.
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EXPORTS (2021): $64.6M
IMPORTS (2021): $3.72B
NET TRADE (2021): -$3.66B
In 2021, China exported $64.6M in Rubber. The main destinations of China exports on Rubber were North Korea ($10.2M), Slovakia ($7.76M), Romania ($4.99M), Germany ($4.77M), and Poland ($4.71M).
In 2021, China imported $3.72B in Rubber, mainly from Thailand ($1.94B), Malaysia ($518M), Indonesia ($300M), Cote d'Ivoire ($288M), and Vietnam ($257M).
THE FASTEST GROWING Rubber EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Rubber were:
In 2021, China's main importing competitors in Rubber were:
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