Synthetic Rubber4002 (Harmonized System 1992 for 4-digit)
2021 World Trade: $29.9B, Rnk 149 / 1217
2021 Top Exporter | Top Importer: $4.17B | $7.92B, South Korea | China
2021 Product Complexity: 0.59, Rnk 325 / 1024
2020 - 2021 Export Growth (CAGR): 35.1%, Rnk 245 / 1217
2018 Mean Tariff: 2.71%, Rnk 1172 / 1259
2021 Share of World Trade: 0.0014%, Rnk 149 / 1217
Overview This page contains the latest trade data of Synthetic Rubber. In 2021, Synthetic Rubber were the world's 149th most traded product, with a total trade of $29.9B. Between 2020 and 2021 the exports of Synthetic Rubber grew by 35.1%, from $22.1B to $29.9B. Trade in Synthetic Rubber represent 0.0014% 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, Styrene-butadiene rubber (SBR/XSBR) latex, Mixtures of natural and synthetic rubbers, Acrylonitrile-butadiene rubber (NBR) except as latex, Isoprene rubber (IR), and Chloroprene (chlorobutadiene) rubber (CR) except latex, among others.
Exports In 2021 the top exporters of Synthetic Rubber were South Korea ($4.17B), United States ($2.56B), Japan ($2.48B), Thailand ($2.33B), and Vietnam ($2.05B).
Imports In 2021 the top importers of Synthetic Rubber were China ($7.92B), Malaysia ($2.34B), United States ($1.61B), Thailand ($1.47B), and India ($1.24B).
Tariffs In 2018 the average tariff for Synthetic Rubber was 2.71%, making it the 1172nd lowest tariff using the HS4 product classification.
Ranking Synthetic Rubber ranks 325th in the Product Complexity Index (PCI).
Description Synthetic rubber and factice derived from oils are used in the production of tires, hoses, and belts.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2021): South Korea, $4.17B
Top Destination (2021): China, $7.92B
Synthetic Rubber are the world's 149th most traded product.
In 2021, the top exporters of Synthetic Rubber were South Korea ($4.17B), United States ($2.56B), Japan ($2.48B), Thailand ($2.33B), and Vietnam ($2.05B).
In 2021, the top importers of Synthetic Rubber were China ($7.92B), Malaysia ($2.34B), United States ($1.61B), Thailand ($1.47B), and India ($1.24B).
Trade by country
Top Origin Growth (2020 - 2021): South Korea, $1.62B
Top Destination Growth (2020 - 2021): Malaysia, $906M
Between 2020 and 2021, the exports of Synthetic Rubber grew the fastest in South Korea ($1.62B), Chinese Taipei ($659M), China ($646M), Russia ($637M), and United States ($620M).
Between 2020 and 2021, the fastest growing importers of Synthetic Rubber were Malaysia ($906M), China ($715M), United States ($500M), Thailand ($452M), and India ($449M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Synthetic Rubber.
In 2021, market concentration measured using Shannon Entropy, was 4.39. This means that most of the exports of Synthetic Rubber are explained by 20 countries.
TOP NET EXPORTER (2021): South Korea, $3.72B
TOP NET IMPORTER (2021): China, $6.53B
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Synthetic Rubber were South Korea ($3.72B), Japan ($2.04B), Russia ($1.74B), Chinese Taipei ($1.42B), and Vietnam ($1.14B).
In 2021, the countries that had a largest trade value in imports than in exports of Synthetic Rubber were China ($6.53B), Malaysia ($1.32B), India ($1.09B), Turkey ($719M), and Indonesia ($560M).
In 2021, the world most traded Synthetic Rubber, disaggragated by their HS6 level were Styrene-butadiene rubber (SBR/XSBR) except latex ($6.48B), Mixtures of natural and synthetic rubbers ($4.84B), Butadiene rubber (BR) ($3.58B), Acrylonitrile-butadiene rubber (NBR), latex ($2.89B), and Ethylene-propylene diene rubber (EPDM) ($2.41B)
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.
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.
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