Isoprene rubber (IR) in China | The Observatory of Economic Complexity

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Pricing

2023
ExportsfalseWorld Rnk 5 / 59
Flag

Rnk 3114 / 4593

2022 - 2023
FASTEST GROWING MARKETfalseSpain

2022 - 2023
FASTEST GROWING ORIGINfalseN/A

2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

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Latest Trends
Historical Data

About

Exports In 2023, China exported $33.1M in Isoprene rubber (IR), making it the 5th largest exporter of Isoprene rubber (IR) in the world. At the same year, Isoprene rubber (IR) was the 3114th most exported product in China. The main destination of Isoprene rubber (IR) exports from China are: Vietnam ($9.06M), Spain ($3.69M), Mexico ($3.22M), Malaysia ($2.36M), and Poland ($2.21M).

The fastest growing export markets for Isoprene rubber (IR) of China between 2022 and 2023 were Spain ($3.31M), Poland ($1.92M), and Mexico ($1.61M).

COMPANIES In 2024, leading companies such as CrimsonLogic (105k), IKEA Group (37.8k), and Walmart (28.3k) were at the forefront of shipping Isoprene rubber (IR) from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Isoprene rubber (IR) exports accounted up to $9.3M and imports accounted up to $25.2M, resulting in a negative trade balance of $15.9M. Between December 2023 and December 2024 the exports of China's Isoprene rubber (IR) have increased by $2.9M (45.3%) from $6.4M to $9.3M, while imports increased by $16.3M (183%) from $8.9M to $25.2M.

Destinations In December 2024, Isoprene rubber (IR) were exported mostly to Vietnam ($2.57M), India ($2.03M), Indonesia ($1.14M), Malaysia ($1.07M), and Thailand ($707k), and were imported mostly from Russia ($23.2M), Japan ($1.92M), United States ($139k), South Korea ($12.4k), and Singapore ($140).

Growth In December 2024, the increase in Isoprene rubber (IR)'s year-by-year exports was explained primarily by an increase in exports to India ($1.61M or 5.04k%), Vietnam ($980k or 815%), and Thailand ($601k or 1.67k%). In December 2024, the increase in Isoprene rubber (IR)'s year-by-year imports was explained primarily by an increase in imports from Russia ($4.9M or 92.7%), Japan ($634k or 70%), and United States ($142k or 118%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$2.9M(45.3%)

IMPORT GROWTH (December 2023 - December 2024)$16.3M(183%)

MAIN EXPORTER (December 2024)

MAIN DESTINATION (December 2024)Vietnam$2.57M

This section shows Isoprene rubber (IR)'s exports and imports data at subnational level for China. 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 Isoprene rubber (IR) over time.

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Unit Prices

Flow

Exports

Imports

Value

Unit Price

Index (YoY)

Growth (YoY)

The following visualization shows the unit prices for Isoprene rubber (IR) throughout time. Products without a clear unit are excluded.

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

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$33.1M

In 2023, China exported $33.1M in Isoprene rubber (IR). The main destinations of China exports on Isoprene rubber (IR) were Vietnam ($9.06M), Spain ($3.69M), Mexico ($3.22M), Malaysia ($2.36M), and Poland ($2.21M).

In N/A, China imported N/A in Isoprene rubber (IR), mainly from Russia ($85.3M), Japan ($19.8M), Turkey ($2.9M), United States ($1.62M), and Hungary ($1.59M).

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