2022
Exports
$322MWorld Rnk 22 / 145
Flag Rnk 131 / 1194
2022
PRODUCT COMPLEXITY IN Synthetic Rubber
0.49Rnk 369 / 1025
2022
Imports
$797MWorld Rnk 11 / 209
Flag Rnk 56 / 1206
2022
ECONOMIC COMPLEXITY of Indonesia
-0.012Rnk 67 / 133

About

Exports In 2022, Indonesia exported $322M in Synthetic Rubber, making it the 22nd largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 131st most exported product in Indonesia. The main destination of Synthetic Rubber exports from Indonesia are: China ($75M), Netherlands ($44.6M), Thailand ($35.6M), Canada ($22.7M), and Spain ($20.9M).

The fastest growing export markets for Synthetic Rubber of Indonesia between 2021 and 2022 were Netherlands ($31.5M), Hungary ($20.4M), and Canada ($7.59M).

Imports In 2022, Indonesia imported $797M in Synthetic Rubber, becoming the 11th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 56th most imported product in Indonesia. Indonesia imports Synthetic Rubber primarily from: South Korea ($295M), Japan ($143M), China ($77.9M), Singapore ($54.4M), and Chinese Taipei ($54M).

The fastest growing import markets in Synthetic Rubber for Indonesia between 2021 and 2022 were Japan ($17.9M), China ($14.6M), and Chinese Taipei ($3.14M).

COMPANIES In 2023, leading companies such as Panasonic (34) and PVH (Phillips-Van Heusen Corporation) (2) were at the forefront of shipping Synthetic Rubber from Indonesia to the United States.

Latest Trends

Jul 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 Synthetic 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)$322M
IMPORTS (2022)$797M
NET TRADE (2022)-$475M

In 2022, Indonesia exported $322M in Synthetic Rubber. The main destinations of Indonesia exports on Synthetic Rubber were China ($75M), Netherlands ($44.6M), Thailand ($35.6M), Canada ($22.7M), and Spain ($20.9M).

In 2022, Indonesia imported $797M in Synthetic Rubber, mainly from South Korea ($295M), Japan ($143M), China ($77.9M), Singapore ($54.4M), and Chinese Taipei ($54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Indonesia WERE (2021 - 2022):
Netherlands$31.5M (240%)
Hungary$20.4M (1%)
Canada$7.59M (50.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Indonesia WERE (2021 - 2022):
Spain-$16.2M (-43.7%)
Italy-$12.2M (-56.6%)
France-$7.27M (-43.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Indonesia's main exporting competitors in Synthetic Rubber were:
In 2022, Indonesia'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 POTENTIALChina+ $57.9M
TOP IMPORT POTENTIALChina+ $27.4M

Synthetic Rubber’s highest export potential is China. With an export gap of $57.9M.   Synthetic Rubber’s highest import potential is China with an import gap of $27.4M.

See methodology.

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