HS Icon Synthetic Rubber

4002 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Synthetic Rubber. In 2020, Synthetic Rubber were the world's 165th most traded product, with a total trade of $22.1B. Between 2019 and 2020 the exports of Synthetic Rubber decreased by -8.38%, from $24.1B to $22.1B. Trade in Synthetic Rubber represent 0.13% of total world trade.

Synthetic Rubber include Styrene-butadiene rubber (SBR/XSBR) except latex, Butadiene rubber (BR), Ethylene-propylene-non-conj diene rubber (EPDM), Halo-isobutene-isoprene rubber (CIIR/BIIR), Synthetic rubber, factice except latex from oils, nes, 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 late, among others.

Exports In 2020 the top exporters of Synthetic Rubber  were N/A.

Imports In 2020 the top importers of Synthetic Rubber were China ($7.2B), Malaysia ($1.4B), United States ($1.11B), Thailand ($1.02B), and Germany ($899M).

Tariffs In 2018 the average tariff for Synthetic Rubber was 2.71%, making it the 1172nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Synthetic Rubber are Bahamas (40.3%), Bermuda (25%), Cayman Islands (22%), and Bhutan (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Synthetic Rubber ranks 253rd in the Product Complexity Index (PCI).

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

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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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Destination (2020): China, $7.2B

Synthetic Rubber are the world's 165th most traded product.

In 2020, the top importers of Synthetic Rubber were China ($7.2B), Malaysia ($1.4B), United States ($1.11B), Thailand ($1.02B), and Germany ($899M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Vietnam, $308M

Top Destination Growth (2019 - 2020): China, $779M

Between 2019 and 2020, the exports of Synthetic Rubber grew the fastest in Vietnam ($308M), Thailand ($262M), Indonesia ($99.5M), Malaysia ($70.4M), and Myanmar ($35.9M).

Between 2019 and 2020, the fastest growing importers of Synthetic Rubber were China ($779M), Malaysia ($211M), Greece ($6.51M), Latvia ($3.34M), and Afghanistan ($3.02M).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Synthetic Rubber are explained by 20 countries.

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TOP NET EXPORTER (2020): South Korea, $2.17B

TOP NET IMPORTER (2020): China, $6.46B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Synthetic Rubber were South Korea ($2.17B), Japan ($1.68B), Thailand ($1.44B), Russia ($1.17B), and Vietnam ($923M).

In 2020, the countries that had a largest trade value in imports than in exports of Synthetic Rubber were China ($6.46B), India ($673M), Malaysia ($464M), Turkey ($426M), and Brazil ($366M).

Disaggregation

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Value

In 2019, the world most traded Synthetic Rubber, disaggragated by their HS6 level were Mixtures of natural and synthetic rubbers ($4.76B), Styrene-butadiene rubber (SBR/XSBR) except latex ($4.49B), Butadiene rubber (BR) ($2.35B), Acrylonitrile-butadiene rubber (NBR), latex ($1.6B), and Halo-isobutene-isoprene rubber (CIIR/BIIR) ($1.59B)

Country Comparison

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Flow
Measure
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.

Import Tariffs

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In 2018, the average tariff for importing Synthetic Rubber was 2.71%. The countries with the highest tariffs for importing Synthetic Rubber were Bahamas (40.3%), Bermuda (25%), Cayman Islands (22%), and Bhutan (19.6%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.