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.
Exports: In 2018 the top exporters of Synthetic Rubber were South Korea ($3.16B), United States ($2.84B), Japan ($2.51B), Thailand ($2.48B), and Germany ($1.85B).
Imports: In 2018 the top importers of Synthetic Rubber were China ($7.15B), United States ($1.57B), Germany ($1.37B), Belgium-Luxembourg ($1.23B), and Malaysia ($1.2B).
Tariffs: In 2018 the average tariff for Synthetic Rubber was 2.68%, making it the 1166th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Synthetic Rubber are Bahamas (40.3%), Bermuda (25%), Maldives (19.6%), Liberia (18.9%), and Malaysia (12.1%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Synthetic Rubber ranks 135th in the Product Complexity Index (PCI).
Description: Synthetic rubber and factice derived from oils are used in the production of tires, hoses, and belts.