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2023
Exports $652MWorld Rnk 14 / 142
Flag Rnk 80 / 1208
2023
Destination $17.6M China
2022 - 2023
FASTEST GROWING MARKET $17.6MThailand
2023
PRODUCT COMPLEXITY IN Synthetic Rubber0.45Rnk 383 / 1025
2023
Imports $638MWorld Rnk 9 / 205
Flag Rnk 68 / 1211
2023
Origin $12.5M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $12.5MThailand
2023
ECONOMIC COMPLEXITY of Malaysia1.04Rnk 27 / 132

About

Exports In 2023, Malaysia exported $652M in Synthetic Rubber, making it the 14th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 80th most exported product in Malaysia. The main destination of Synthetic Rubber exports from Malaysia are: China ($515M), Thailand ($48.9M), Indonesia ($18.5M), Sri Lanka ($13.8M), and Vietnam ($7.11M).

The fastest growing export markets for Synthetic Rubber of Malaysia between 2022 and 2023 were Thailand ($17.6M), Indonesia ($3.67M), and South Korea ($1.32M).

Imports In 2023, Malaysia imported $638M in Synthetic Rubber, becoming the 9th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 68th most imported product in Malaysia. Malaysia imports Synthetic Rubber primarily from: South Korea ($267M), Japan ($81.6M), Thailand ($66.2M), Chinese Taipei ($60.9M), and China ($48.9M).

The fastest growing import markets in Synthetic Rubber for Malaysia between 2022 and 2023 were Thailand ($12.5M), United States ($967k), and India ($609k).

Latest Trends

November 2024

About

Overview In November 2024 Malaysia's Synthetic Rubber exports accounted up to MYR379M and imports accounted up to MYR292M, resulting in a positive trade balance of MYR87.8M. Between November 2023 and November 2024 the exports of Malaysia's   Synthetic Rubber have increased by MYR57.1M (17.7%) from MYR322M to MYR379M, while imports increased by MYR18.1M (6.6%) from MYR274M to MYR292M.

Destinations In November 2024, Synthetic Rubber were exported mostly to China (MYR314M), Thailand (MYR23.1M), Indonesia (MYR12.9M), Sri Lanka (MYR6.25M), and Singapore (MYR2.77M), and were imported mostly from South Korea (MYR119M), Chinese Taipei (MYR59.6M), Thailand (MYR28.4M), China (MYR26.2M), and Japan (MYR19.2M).

Growth In November 2024, the increase in Synthetic Rubber's year-by-year exports was explained primarily by an increase in exports to Germany (MYR960k or 12.5k%), Sri Lanka (MYR628k or 10.5%), and Japan (MYR519k or 539%). In November 2024, the increase in Synthetic Rubber's year-by-year imports was explained primarily by an increase in imports from Thailand (MYR9.65M or 43.6%), Japan (MYR6.23M or 20.7%), and United Kingdom (MYR644k or 145%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)MYR57.1M(17.7%)
IMPORT GROWTH (November 2023 - November 2024)MYR18.1M(6.6%)
MAIN DESTINATION (November 2024)ChinaMYR314M

This section shows Synthetic Rubber's exports and imports data at subnational level for Malaysia. 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 (2023)$652M
IMPORTS (2023)$638M
NET TRADE (2023)$14.6M

In 2023, Malaysia exported $652M in Synthetic Rubber. The main destinations of Malaysia exports on Synthetic Rubber were China ($515M), Thailand ($48.9M), Indonesia ($18.5M), Sri Lanka ($13.8M), and Vietnam ($7.11M).

In 2023, Malaysia imported $638M in Synthetic Rubber, mainly from South Korea ($267M), Japan ($81.6M), Thailand ($66.2M), Chinese Taipei ($60.9M), and China ($48.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Malaysia WERE (2022 - 2023):
Thailand$17.6M (56.4%)
Indonesia$3.67M (24.7%)
South Korea$1.32M (134%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Malaysia WERE (2022 - 2023):
China-$132M (-20.4%)
Vietnam-$9.53M (-57.3%)
India-$8.54M (-59.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Malaysia's main exporting competitors in Synthetic Rubber were:
Thailand $2.72B
South Korea $2.64B
United States $2.44B
In 2023, Malaysia's main importing competitors in Synthetic Rubber were:
China $8.02B
United States $1.43B
Thailand $1.19B

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Trade Value of Synthetic Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $29M
TOP IMPORT POTENTIALThailand+ $42.1M

Synthetic Rubber’s highest export potential is China. With an export gap of $29M.   Synthetic Rubber’s highest import potential is Thailand with an import gap of $42.1M.

See methodology.

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