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2022
Exports | Imports $1.72B | $8.77BWorld Rnk 8 / 145
Flag Rnk 329 / 1216
World Rnk 1 / 209
Flag Rnk 37 / 1212
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $95.8M | $741MVietnam |  Thailand
2022
ECONOMIC COMPLEXITY of China1.01Rnk 24 / 124
2022
PRODUCT COMPLEXITY IN Synthetic Rubber0.35Rnk 434 / 1025

About

Exports In 2022, China exported $1.72B in Synthetic Rubber, making it the 8th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 329th most exported product in China. The main destination of Synthetic Rubber exports from China are: Vietnam ($272M), Thailand ($197M), India ($121M), South Korea ($113M), and Malaysia ($84.5M).

The fastest growing export markets for Synthetic Rubber of China between 2021 and 2022 were Vietnam ($95.8M), India ($71.2M), and Netherlands ($38.2M).

Imports In 2022, China imported $8.77B in Synthetic Rubber, becoming the 1st largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 37th most imported product in China. China imports Synthetic Rubber primarily from: Thailand ($2.69B), Vietnam ($2.04B), Malaysia ($646M), Japan ($602M), and South Korea ($582M).

The fastest growing import markets in Synthetic Rubber for China between 2021 and 2022 were Thailand ($741M), Russia ($332M), and Saudi Arabia ($123M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (2.01k), AMAZON SERVICES LLC (348), and MAHLE BEHR DAYTON L.L.C. (319) were at the forefront of shipping Synthetic Rubber from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Synthetic Rubber exports accounted up to $146M and imports accounted up to $536M, resulting in a negative trade balance of $391M. Between February 2023 and February 2024 the exports of China's   Synthetic Rubber have increased by $1.11M (0.77%) from $145M to $146M, while imports decreased by $-174M (-24.5%) from $710M to $536M.

Destinations In February 2024, Synthetic Rubber were exported mostly to Thailand ($24.3M), Vietnam ($20.4M), India ($17.9M), Russia ($8.4M), and Indonesia ($7.44M), and were imported mostly from Thailand ($126M), Vietnam ($111M), Russia ($63M), Malaysia ($52.9M), and Japan ($38.6M).

Growth In February 2024, the increase in Synthetic Rubber's year-by-year exports was explained primarily by an increase in exports to South Korea ($6.71M or 128%), Thailand ($5.96M or 43.2%), and India ($5.82M or 140%). In February 2024, the decrease in Synthetic Rubber's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-33.2M or -46.8%), Japan ($-31.1M or -53.6%), and South Korea ($-22.1M or -36.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - February 2024)$1.11M(0.77%)
IMPORT GROWTH (February 2023 - February 2024)$-174M(-24.5%)
MAIN EXPORTER (February 2024)Shandong Province$48.1M
MAIN DESTINATION (February 2024)Thailand$24.3M

This section shows Synthetic 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 Synthetic Rubber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.72B
IMPORTS (2022)$8.77B
NET TRADE (2022)-$7.05B

In 2022, China exported $1.72B in Synthetic Rubber. The main destinations of China exports on Synthetic Rubber were Vietnam ($272M), Thailand ($197M), India ($121M), South Korea ($113M), and Malaysia ($84.5M).

In 2022, China imported $8.77B in Synthetic Rubber, mainly from Thailand ($2.69B), Vietnam ($2.04B), Malaysia ($646M), Japan ($602M), and South Korea ($582M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR China WERE (2021 - 2022):
Vietnam$95.8M (54.3%)
India$71.2M (142%)
Netherlands$38.2M (228%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY China WERE (2021 - 2022):
Malaysia-$183M (-68.4%)
Hong Kong-$8.94M (-37.2%)
China-$8.43M (-38.4%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Synthetic Rubber were:
South Korea $3.3B
Thailand $3.04B
United States $2.98B
In 2022, China's main importing competitors in Synthetic Rubber were:
United States $1.96B
India $1.33B

Explore Visualizations

Trade Value of Synthetic Rubber by Exporters

Keep Exploring

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