HS Icon Synthetic Rubber in  Flag China

2020
Exports | Imports
: $739M | $7.2B, World Rnk 11 / 125
Flag Rnk 414 / 1215 | World Rnk 1 / 204
Flag Rnk 39 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $58.1M | $336M, Malaysia |  Thailand


ECONOMIC COMPLEXITY of China
: 0.96, Rnk 28 / 127


PRODUCT COMPLEXITY  IN Synthetic Rubber
: 0.81, Rnk 232 / 1028

Exports In 2020, China exported $739M in Synthetic Rubber, making it the 11th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 414th most exported product in China. The main destination of Synthetic Rubber exports from China are: Vietnam ($109M), Malaysia ($92.2M), Thailand ($78.1M), South Korea ($41.5M), and Belgium ($37.1M).

The fastest growing export markets for Synthetic Rubber of China between 2019 and 2020 were Malaysia ($58.1M), Vietnam ($23.6M), and Thailand ($23.3M).

Imports In 2020, China imported $7.2B in Synthetic Rubber, becoming the 1st largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 39th most imported product in China. China imports Synthetic Rubber primarily from: Thailand ($2.18B), Vietnam ($1.55B), Malaysia ($720M), South Korea ($499M), and Japan ($471M).

The fastest growing import markets in Synthetic Rubber for China between 2019 and 2020 were Thailand ($336M), Vietnam ($314M), and Malaysia ($117M).

Tariffs In 2018, the average tariff for China in Synthetic Rubber was 5.6%. The countries with the highest import tariffs for Synthetic Rubber were South Korea (Most Favoured Nation duty rate treatement, 7.5%), Pakistan (Most Favoured Nation duty rate treatement, 7.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 7.13%), Botswana (Most Favoured Nation duty rate treatement, 7.13%), and Cote d'Ivoire (Most Favoured Nation duty rate treatement, 7.13%).

June 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (June 2021 - June 2022): $86.3M, (73.8%)

IMPORT GROWTH (June 2021 - June 2022): $145M, (24.4%)

MAIN EXPORTER (June 2022): Zhejiang Province, $47M

MAIN DESTINATION (June 2022): Vietnam, $31.6M

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

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EXPORTS (2020): $739M

IMPORTS (2020): $7.2B

NET TRADE (2020): -$6.46B

In 2020, China exported $739M in Synthetic Rubber. The main destinations of China exports on Synthetic Rubber were Vietnam ($109M), Malaysia ($92.2M), Thailand ($78.1M), South Korea ($41.5M), and Belgium ($37.1M).

In 2020, China imported $7.2B in Synthetic Rubber, mainly from Thailand ($2.18B), Vietnam ($1.55B), Malaysia ($720M), South Korea ($499M), and Japan ($471M).

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IN 2020, China HAD A POSITIVE NET TRADE IN Synthetic Rubber WITH:

IN 2020, China HAD A NEGATIVE NET TRADE IN Synthetic Rubber WITH:

Flow

THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR China WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY China WERE (2019 - 2020):

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Market Concentration

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In 2019, China's main exporting competitors in Synthetic Rubber were:

In 2019, China's main importing competitors in Synthetic Rubber were:

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