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Synthetic rubber and factice derived from oils, in primary forms or in plates, sheets or strip; mixtures of heading no. 4001 and 4002, in primary forms or in plates, sheets or strip

4002 (Harmonized System 1992 for 4-digit)

2023
World Trade $25.9BRnk 174 / 1217
2023
Top Exporter | Top Importer $2.72B | $8.02BThailand | China
2023
Product Complexity 0.59Rnk 336 / 1044
2022 - 2023
Export Growth (CAGR) -17.4%Rnk 977 / 1217
2023
Share of World Trade 0.11%Rnk 174 / 1217

About

Overview This page contains the latest trade data of Synthetic Rubber. In 2023, Synthetic Rubber were the world's 174th most traded product, with a total trade of $25.9B. Between 2022 and 2023 the exports of Synthetic Rubber decreased by -17.4%, from $31.4B to $25.9B. Trade in Synthetic Rubber represent 0.11% of total world trade.

Synthetic Rubber are a part of Rubber & articles thereof. They include Styrene-butadiene rubber (SBR/XSBR) except latex, Butadiene rubber (BR), Ethylene-propylene diene rubber (EPDM), Halo-isobutene-isoprene rubber (CIIR/BIIR), Other synthetic rubber or factice, except latex, from oils, Mixtures of natural and synthetic rubbers, Styrene-butadiene rubber (SBR/XSBR) latex, Acrylonitrile-butadiene rubber (NBR) except as latex, Isobutene-isoprene (butyl) rubber (IIR), and Isoprene rubber (IR), among others.

Exports In 2023 the top exporters of Synthetic Rubber  were Thailand ($2.72B), South Korea ($2.64B), United States ($2.44B), Japan ($2.19B), and Vietnam ($2.01B).

Imports In 2023 the top importers of Synthetic Rubber were China ($8.02B), United States ($1.43B), Thailand ($1.19B), India ($1.17B), and Germany ($1.13B).

Ranking Synthetic Rubber ranks 336th in the Product Complexity Index (PCI).

Description Synthetic rubber and factice derived from oils are used in the production of tires, hoses, and belts.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Synthetic 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$2.72B
Top Destination (2023)China$8.02B

In 2023 Synthetic Rubber were the world's 174th most traded product (out of 1,217).

In 2023, the top exporters of Synthetic Rubber were Thailand ($2.72B), South Korea ($2.64B), United States ($2.44B), Japan ($2.19B), and Vietnam ($2.01B).

In 2023, the top importers of Synthetic Rubber were China ($8.02B), United States ($1.43B), Thailand ($1.19B), India ($1.17B), and Germany ($1.13B).

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

Color
Top Origin Growth (2022 -  2023)Indonesia$129M
Top Destination Growth (2022 -  2023)Luxembourg$13.8M

Between 2022 and 2023, the exports of Synthetic Rubber grew the fastest in Indonesia ($129M), Laos ($22.8M), Turkey ($21.3M), Malta ($13.6M), and Lithuania ($12.9M).

Between 2022 and 2023, the fastest growing importers of Synthetic Rubber were Luxembourg ($13.8M), Lithuania ($10.4M), Ecuador ($8.84M), Iraq ($6.32M), and Eswatini ($3.91M).

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Exporters of Synthetic Rubber (2022 - 2023)

Importers of Synthetic Rubber (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Synthetic Rubber are explained by 22 countries.

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Value of Exports in Synthetic Rubber

Net Trade

TOP NET EXPORTER (2023)South Korea$2.25B
TOP NET IMPORTER (2023)China$6.45B

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

In 2023, the countries that had a largest trade value in exports than in imports of Synthetic Rubber were South Korea ($2.25B), Japan ($1.83B), Thailand ($1.53B), Vietnam ($1.42B), and Russia ($1.34B).

In 2023, the countries that had a largest trade value in imports than in exports of Synthetic Rubber were China ($6.45B), India ($1.04B), Turkey ($659M), Brazil ($447M), and Mexico ($382M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Synthetic Rubber, disaggragated by their HS6 level were Styrene-butadiene rubber (SBR/XSBR) except latex ($5.93B), Mixtures of natural and synthetic rubbers ($5.2B), Butadiene rubber (BR) ($3.34B), Ethylene-propylene diene rubber (EPDM) ($2.32B), and Halo-isobutene-isoprene rubber (CIIR/BIIR) ($1.84B)

HS6 Disaggregation for Synthetic 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 Synthetic Rubber.
It is possible to select the main countries that export or import Synthetic Rubber in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Synthetic Rubber by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $48.2M
TOP IMPORT POTENTIALMalaysia+ $27.2M

Synthetic Rubber’s highest export potential is India. With an export gap of $48.2M.  Synthetic Rubber’s highest import potential is Malaysia with an import gap of $27.2M.

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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 Synthetic Rubber.

Country by Relatedness

The following visualization shows the relatedness of Synthetic 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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