2022
Exports
$2.15BWorld Rnk 5 / 145
Flag Rnk 36 / 1176
2022
PRODUCT COMPLEXITY IN Synthetic Rubber
0.49Rnk 369 / 1025
2022
Imports
$993MWorld Rnk 8 / 209
Flag Rnk 72 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $2.15B in Synthetic Rubber, making it the 5th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 36th most exported product in Vietnam. The main destination of Synthetic Rubber exports from Vietnam are: China ($2.04B), Cambodia ($95M), Indonesia ($8.13M), India ($3.2M), and Malaysia ($1.34M).

The fastest growing export markets for Synthetic Rubber of Vietnam between 2021 and 2022 were Cambodia ($94M), China ($14.7M), and Indonesia ($695k).

Imports In 2022, Vietnam imported $993M in Synthetic Rubber, becoming the 8th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 72nd most imported product in Vietnam. Vietnam imports Synthetic Rubber primarily from: China ($272M), South Korea ($253M), Chinese Taipei ($153M), Japan ($108M), and Singapore ($37.7M).

The fastest growing import markets in Synthetic Rubber for Vietnam between 2021 and 2022 were China ($95.8M), Russia ($10.8M), and Laos ($9.58M).

COMPANIES In 2023, leading companies such as Samsung (169), Brother Industries (5), and Xerox (2) were at the forefront of shipping Synthetic Rubber from Vietnam 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)$2.15B
IMPORTS (2022)$993M
NET TRADE (2022)$1.15B

In 2022, Vietnam exported $2.15B in Synthetic Rubber. The main destinations of Vietnam exports on Synthetic Rubber were China ($2.04B), Cambodia ($95M), Indonesia ($8.13M), India ($3.2M), and Malaysia ($1.34M).

In 2022, Vietnam imported $993M in Synthetic Rubber, mainly from China ($272M), South Korea ($253M), Chinese Taipei ($153M), Japan ($108M), and Singapore ($37.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Cambodia$94M (9.6k%)
China$14.7M (0.73%)
Indonesia$695k (9.35%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Vietnam WERE (2021 - 2022):
Czechia-$4.38M (-100%)
Egypt-$671k (-56%)
Thailand-$526k (-70.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Synthetic Rubber were:
In 2022, Vietnam'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+ $277M
TOP IMPORT POTENTIALChina+ $31.6M

Synthetic Rubber’s highest export potential is China. With an export gap of $277M.   Synthetic Rubber’s highest import potential is China with an import gap of $31.6M.

See methodology.

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