Synthetic Rubber in Malaysia | The Observatory of Economic Complexity

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Exports In 2022, Malaysia exported $843M in Synthetic Rubber, making it the 13th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 63rd most exported product in Malaysia. The main destination of Synthetic Rubber exports from Malaysia are: China ($646M), Thailand ($62.6M), Indonesia ($26M), Sri Lanka ($20.4M), and Vietnam ($16.1M).

The fastest growing export markets for Synthetic Rubber of Malaysia between 2021 and 2022 were United Arab Emirates ($1.35M), Cambodia ($952k), and Burma ($928k).

Imports In 2022, Malaysia imported $885M in Synthetic Rubber, becoming the 9th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 61st most imported product in Malaysia. Malaysia imports Synthetic Rubber primarily from: South Korea ($365M), Chinese Taipei ($132M), China ($84.5M), Japan ($83M), and Thailand ($58.1M).

The fastest growing import markets in Synthetic Rubber for Malaysia between 2021 and 2022 were Indonesia ($4.52M), Singapore ($2.19M), and Poland ($1.56M).

COMPANIES In 2019, leading companies such as were at the forefront of shipping Synthetic Rubber from Malaysia to the United States.

Latest Trends

September 2020

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Overview In September 2020 Malaysia's Synthetic Rubber exports accounted up to MYR330M and imports accounted up to MYR381M, resulting in a negative trade balance of MYR50.4M. Between September 2019 and September 2020 the exports of Malaysia's Synthetic Rubber have increased by MYR62.6M (23.4%) from MYR268M to MYR330M, while imports decreased by MYR-42.5M (-10.1%) from MYR423M to MYR381M.

Destinations In September 2020, Synthetic Rubber were exported mostly to China (MYR255M), Thailand (MYR26.7M), Indonesia (MYR13.3M), Vietnam (MYR8.38M), and Sri Lanka (MYR5.11M), and were imported mostly from South Korea (MYR163M), Chinese Taipei (MYR69.6M), Japan (MYR59.8M), Thailand (MYR24.9M), and United States (MYR14M).

Growth In September 2020, the increase in Synthetic Rubber's year-by-year exports was explained primarily by an increase in exports to Thailand (MYR3.2M or 13%), Philippines (MYR2.68M or 693%), and India (MYR1.69M or 31.1%). In September 2020, the decrease in Synthetic Rubber's year-by-year imports was explained primarily by a decrease in imports from India (MYR-801k or -53.3%), United Kingdom (MYR-694k or -42.7%), and Mexico (MYR-28.8k or -3.96%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2019 - September 2020)MYR62.6M(23.4%)

IMPORT GROWTH (September 2019 - September 2020)MYR-42.5M(-10.1%)

MAIN DESTINATION (September 2020)ChinaMYR255M

This section shows Synthetic Rubber's exports and imports data at subnational level for Malaysia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Synthetic Rubber over time.

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