2022
Exports
$5.47BWorld Rnk 1 / 131
Flag Rnk 11 / 1211
2022
PRODUCT COMPLEXITY IN Rubber
-2.24Rnk 1010 / 1025
2022
Imports
$9.87MWorld Rnk 55 / 192
Flag Rnk 839 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $5.47B in Rubber, making it the 1st largest exporter of Rubber in the world. At the same year, Rubber was the 11th most exported product in Thailand. The main destination of Rubber exports from Thailand are: China ($1.58B), Malaysia ($684M), United States ($517M), Japan ($435M), and South Korea ($388M).

The fastest growing export markets for Rubber of Thailand between 2021 and 2022 were South Korea ($172M), Slovakia ($43.2M), and United States ($37.3M).

Imports In 2022, Thailand imported $9.87M in Rubber, becoming the 55th largest importer of Rubber in the world. At the same year, Rubber was the 839th most imported product in Thailand. Thailand imports Rubber primarily from: Burma ($5.76M), Malaysia ($2.5M), United States ($865k), Vietnam ($413k), and Thailand ($211k).

The fastest growing import markets in Rubber for Thailand between 2021 and 2022 were Thailand ($59.6k), United Kingdom ($28.8k), and United States ($17.8k).

COMPANIES In 2023, leading companies such as Continental Tire (213), Yokohama Industries (70), and Goodyear Tire and Rubber (67) were at the forefront of shipping Rubber from Thailand to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Rubber. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.47B
IMPORTS (2022)$9.87M
NET TRADE (2022)$5.46B

In 2022, Thailand exported $5.47B in Rubber. The main destinations of Thailand exports on Rubber were China ($1.58B), Malaysia ($684M), United States ($517M), Japan ($435M), and South Korea ($388M).

In 2022, Thailand imported $9.87M in Rubber, mainly from Burma ($5.76M), Malaysia ($2.5M), United States ($865k), Vietnam ($413k), and Thailand ($211k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
South Korea$172M (79.7%)
Slovakia$43.2M (316%)
United States$37.3M (7.78%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber BY Thailand WERE (2021 - 2022):
China-$359M (-18.5%)
Malaysia-$139M (-16.9%)
Russia-$17.1M (-51.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Rubber were:
In 2022, Thailand's main importing competitors in Rubber were:

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Trade Value of Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $65M
TOP IMPORT POTENTIALMalaysia+ $2.51M

Rubber’s highest export potential is India. With an export gap of $65M.   Rubber’s highest import potential is Malaysia with an import gap of $2.51M.

See methodology.

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