2022
Exports
$124kWorld Rnk 92 / 145
Flag Rnk 301 / 862
2022
PRODUCT COMPLEXITY IN Synthetic Rubber
0.49Rnk 369 / 1025
2022
Imports
$3.33MWorld Rnk 91 / 209
Flag Rnk 325 / 1133
2022
ECONOMIC COMPLEXITY of Ethiopia
-0.72Rnk 98 / 133

About

Exports In 2022, Ethiopia exported $124k in Synthetic Rubber, making it the 92nd largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 301st most exported product in Ethiopia. The main destination of Synthetic Rubber exports from Ethiopia are: Somalia ($122k), Nigeria ($1.13k), and Angola ($105).

The fastest growing export markets for Synthetic Rubber of Ethiopia between 2021 and 2022 were Somalia ($122k), Nigeria ($1.13k), and Angola ($105).

Imports In 2022, Ethiopia imported $3.33M in Synthetic Rubber, becoming the 91st largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 325th most imported product in Ethiopia. Ethiopia imports Synthetic Rubber primarily from: South Korea ($2.25M), China ($369k), Italy ($344k), United States ($108k), and Japan ($80k).

The fastest growing import markets in Synthetic Rubber for Ethiopia between 2021 and 2022 were Hong Kong ($21.3k), United States ($21k), and India ($17.3k).

Historical Data

Trade Balance

Color
EXPORTS (2022)$124k
IMPORTS (2022)$3.33M
NET TRADE (2022)-$3.21M

In 2022, Ethiopia exported $124k in Synthetic Rubber. The main destinations of Ethiopia exports on Synthetic Rubber were Somalia ($122k), Nigeria ($1.13k), and Angola ($105).

In 2022, Ethiopia imported $3.33M in Synthetic Rubber, mainly from South Korea ($2.25M), China ($369k), Italy ($344k), United States ($108k), and Japan ($80k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Ethiopia WERE (2021 - 2022):
Somalia$122k (1%)
Nigeria$1.13k (1%)
Angola$105 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Ethiopia WERE (2021 - 2022):
South Korea-$21.8k (-100%)
Djibouti-$6.43k (-100%)
Tanzania-$759 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Synthetic Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNigeria+ $3.36k
TOP IMPORT POTENTIALSouth Korea+ $525k

Synthetic Rubber’s highest export potential is Nigeria. With an export gap of $3.36k.   Synthetic Rubber’s highest import potential is South Korea with an import gap of $525k.

See methodology.

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