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Natural rubber latex, including prevulcanised

400110 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.68BRnk 1583 / 4644
2023
Top Exporter | Top Importer $809M | $669MThailand | Malaysia
2023
Product Complexity -2.32Rnk 4601 / 4656
2022 - 2023
Export Growth (CAGR) -33.3%Rnk 4329 / 4644
2023
Share of World Trade 0.0074%Rnk 1583 / 4644

About

Overview This page contains the latest trade data of Natural rubber latex. In 2023, Natural rubber latex were the world's 1583rd most traded product, with a total trade of $1.68B. Between 2022 and 2023 the exports of Natural rubber latex decreased by -33.3%, from $2.52B to $1.68B. Trade in Natural rubber latex represent 0.0074% of total world trade.

Natural rubber latex are a part of Rubber.

Exports In 2023 the top exporters of Natural rubber latex  were Thailand ($809M), Cote d'Ivoire ($392M), Vietnam ($229M), Guatemala ($68.7M), and Malaysia ($47.2M).

Imports In 2023 the top importers of Natural rubber latex were Malaysia ($669M), China ($458M), Vietnam ($46.1M), Indonesia ($43.5M), and United States ($38.5M).

Ranking Natural rubber latex ranks 4601st in the Product Complexity Index (PCI).

Description Natural rubber latex is a water-based, elastic polymer obtained from the rubber tree. It is used in a variety of products due to its durability, elasticity, sensitivity to temperature, and other properties.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Natural rubber latex. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Thailand$809M
Top Destination (2023)Malaysia$669M

In 2023 Natural rubber latex were the world's 1583rd most traded product (out of 4,644).

In 2023, the top exporters of Natural rubber latex were Thailand ($809M), Cote d'Ivoire ($392M), Vietnam ($229M), Guatemala ($68.7M), and Malaysia ($47.2M).

In 2023, the top importers of Natural rubber latex were Malaysia ($669M), China ($458M), Vietnam ($46.1M), Indonesia ($43.5M), and United States ($38.5M).

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Exporters of Natural rubber latex (2023)
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Importers of Natural rubber latex (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Cote d'Ivoire$71.3M
Top Destination Growth (2022 -  2023)Indonesia$11.9M

Between 2022 and 2023, the exports of Natural rubber latex grew the fastest in Cote d'Ivoire ($71.3M), Liberia ($2.77M), Slovenia ($966k), Gabon ($756k), and Portugal ($746k).

Between 2022 and 2023, the fastest growing importers of Natural rubber latex were Indonesia ($11.9M), Georgia ($2.5M), Armenia ($1.45M), Latvia ($1.25M), and Austria ($1.1M).

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Exporters of Natural rubber latex (2022 - 2023)

Importers of Natural rubber latex (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Natural rubber latex.

In 2023, market concentration measured using Shannon Entropy, was 2.36. This means that most of the exports of Natural rubber latex are explained by 5 countries.

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Value of Exports in Natural rubber latex

Net Trade

TOP NET EXPORTER (2023)Thailand$806M
TOP NET IMPORTER (2023)Malaysia$622M

This map shows which countries export or import more of Natural rubber latex. Each country is colored based on the difference in exports and imports of Natural rubber latex during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Natural rubber latex were Thailand ($806M), Cote d'Ivoire ($392M), Vietnam ($183M), Guatemala ($68.3M), and Cameroon ($10.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Natural rubber latex were Malaysia ($622M), China ($451M), United States ($34.4M), Indonesia ($34M), and Mexico ($30.6M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Natural rubber latex.
It is possible to select the main countries that export or import Natural rubber latex in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Natural rubber latex by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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