Overview: This page contains the latest trade data of Synthetic Rubber. In 2018, Synthetic Rubber were the world's 144th most traded product, with a total trade of $26.9B. Between 2017 and 2018 the exports of Synthetic Rubber grew by 0.25%, from $26.8B to $26.9B. Trade in Synthetic Rubber represent 0.15% of total world trade.
Between 2017 and 2018, the fastest growing importers of Synthetic Rubber were Vietnam ($185M), Malaysia ($162M), Thailand ($150M), India ($125M), and Netherlands ($99.5M).
This chart shows the evolution of the market concentration of exports of Synthetic Rubber.
In 2018, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Synthetic Rubber are explained by 20 countries.
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Synthetic Rubber were South Korea ($2.7B), Japan ($2.08B), Russia ($1.62B), Thailand ($1.34B), and United States ($1.27B).
In 2018, the countries that had a largest trade value in imports than in exports of Synthetic Rubber were China ($6.41B), India ($979M), Turkey ($588M), Indonesia ($455M), and Brazil ($400M).
In 2018, the average tariff for importing Synthetic Rubber was 2.68%. The countries with the highest tariffs for importing Synthetic Rubber were Bahamas (40.3%), Bermuda (25%), Maldives (19.6%), Liberia (18.9%), and Malaysia (12.1%).
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.