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Natural rubber, balata, gutta-percha, guayule, chicle and similar gums; in primary forms or in plates, sheets or strip

4001 (Harmonized System 1992 for 4-digit)

2023
World Trade $13.6BRnk 289 / 1217
2023
Top Exporter | Top Importer $3.95B | $3.51BThailand | China
2023
Product Complexity -2.21Rnk 1022 / 1044
2022 - 2023
Export Growth (CAGR) -30.3%Rnk 1155 / 1217
2023
Share of World Trade 0.06%Rnk 289 / 1217

About

Overview This page contains the latest trade data of Rubber. In 2023, Rubber were the world's 289th most traded product, with a total trade of $13.6B. Between 2022 and 2023 the exports of Rubber decreased by -30.3%, from $19.6B to $13.6B. Trade in Rubber represent 0.06% of total world trade.

Rubber are a part of Rubber & articles thereof. They include Technically specified natural rubber (TSNR), Natural rubber in smoked sheets, Natural rubber in other forms, Natural rubber latex, and Balata, gutta-percha, guayule, chicle and similar gum.

Exports In 2023 the top exporters of Rubber  were Thailand ($3.95B), Indonesia ($2.91B), Cote d'Ivoire ($2.43B), Malaysia ($915M), and Vietnam ($767M).

Imports In 2023 the top importers of Rubber were China ($3.51B), United States ($1.47B), Malaysia ($1.28B), Japan ($921M), and India ($709M).

Ranking Rubber ranks 1022nd in the Product Complexity Index (PCI).

Description Natural rubber is used in a variety of products, including tires, hoses, door gaskets, and so on. It is also used to make sheets of rubber that are used for many purposes, such as flooring, roofing, and other construction materials.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Rubber. 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$3.95B
Top Destination (2023)China$3.51B

In 2023 Rubber were the world's 289th most traded product (out of 1,217).

In 2023, the top exporters of Rubber were Thailand ($3.95B), Indonesia ($2.91B), Cote d'Ivoire ($2.43B), Malaysia ($915M), and Vietnam ($767M).

In 2023, the top importers of Rubber were China ($3.51B), United States ($1.47B), Malaysia ($1.28B), Japan ($921M), and India ($709M).

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Exporters of Rubber (2023)
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Importers of Rubber (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Cote d'Ivoire$163M
Top Destination Growth (2022 -  2023)Senegal$81.6M

Between 2022 and 2023, the exports of Rubber grew the fastest in Cote d'Ivoire ($163M), Hungary ($27.9M), Brazil ($7.6M), Turkey ($7.59M), and Luxembourg ($5.59M).

Between 2022 and 2023, the fastest growing importers of Rubber were Senegal ($81.6M), Indonesia ($39.1M), Pakistan ($15M), Cambodia ($9.66M), and Ukraine ($3.54M).

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Exporters of Rubber (2022 - 2023)

Importers of Rubber (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rubber.

In 2023, market concentration measured using Shannon Entropy, was 3.25. This means that most of the exports of Rubber are explained by 9 countries.

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Value of Exports in Rubber

Net Trade

TOP NET EXPORTER (2023)Thailand$3.94B
TOP NET IMPORTER (2023)China$3.46B

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

In 2023, the countries that had a largest trade value in exports than in imports of Rubber were Thailand ($3.94B), Indonesia ($2.72B), Cote d'Ivoire ($2.43B), Cambodia ($456M), and Burma ($294M).

In 2023, the countries that had a largest trade value in imports than in exports of Rubber were China ($3.46B), United States ($1.44B), Japan ($918M), India ($699M), and Turkey ($379M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Rubber, disaggragated by their HS6 level were Technically specified natural rubber (TSNR) ($9.3B), Natural rubber latex ($1.68B), Natural rubber in other forms ($1.44B), Natural rubber in smoked sheets ($1.2B), and Balata, gutta-percha, guayule, chicle and similar... ($17.2M)

HS6 Disaggregation for Rubber (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Rubber by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $65M
TOP IMPORT POTENTIALMalaysia+ $2.51M

Rubber’s highest export potential is India. With an export gap of $65M.  Rubber’s highest import potential is Malaysia with an import gap of $2.51M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Rubber.

Country by Relatedness

The following visualization shows the relatedness of Rubber to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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