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2023
Exports $53.5MWorld Rnk 3 / 97
Flag Rnk 933 / 1215
2023
Destination $2.09M South Korea
2022 - 2023
FASTEST GROWING MARKET $2.09MSouth Korea
2023
Imports $96.7MWorld Rnk 1 / 166
Flag Rnk 644 / 1214
2023
Origin $4.91M Thailand
2022 - 2023
FASTEST GROWING ORIGIN $4.91MMalaysia
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $53.5M in Reclaimed Rubber, making it the 3rd largest exporter of Reclaimed Rubber in the world. At the same year, Reclaimed Rubber was the 933rd most exported product in China. The main destination of Reclaimed Rubber exports from China are: South Korea ($9.9M), Vietnam ($3.94M), United States ($3.87M), Thailand ($3.53M), and Uganda ($2.47M).

The fastest growing export markets for Reclaimed Rubber of China between 2022 and 2023 were South Korea ($2.09M), Mexico ($1.38M), and Thailand ($450k).

Imports In 2023, China imported $96.7M in Reclaimed Rubber, becoming the 1st largest importer of Reclaimed Rubber in the world. At the same year, Reclaimed Rubber was the 644th most imported product in China. China imports Reclaimed Rubber primarily from: Thailand ($38M), India ($19.9M), Malaysia ($16.1M), Vietnam ($6.02M), and Indonesia ($5.65M).

The fastest growing import markets in Reclaimed Rubber for China between 2022 and 2023 were Malaysia ($4.91M), India ($3.56M), and Vietnam ($2.42M).

COMPANIES In 2024, leading companies such as Hankook Tires (2) and ASOS (1) were at the forefront of shipping Reclaimed Rubber from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Reclaimed Rubber exports accounted up to $8.36M and imports accounted up to $11.6M, resulting in a negative trade balance of $3.28M. Between December 2023 and December 2024 the exports of China's   Reclaimed Rubber have increased by $2.1M (33.5%) from $6.26M to $8.36M, while imports increased by $1.99M (20.6%) from $9.65M to $11.6M.

Destinations In December 2024, Reclaimed Rubber were exported mostly to Vietnam ($819k), South Korea ($755k), United States ($674k), Thailand ($507k), and United Kingdom ($478k), and were imported mostly from Thailand ($5.81M), India ($2.25M), Malaysia ($1.47M), Indonesia ($614k), and Vietnam ($470k).

Growth In December 2024, the increase in Reclaimed Rubber's year-by-year exports was explained primarily by an increase in exports to Senegal ($323k or 136%), Thailand ($191k or 63.7%), and Australia ($141k or 62.1%). In December 2024, the increase in Reclaimed Rubber's year-by-year imports was explained primarily by an increase in imports from Thailand ($2.31M or 83%), Malaysia ($1.15M or 109%), and Vietnam ($684k or 429%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$2.1M(33.5%)
IMPORT GROWTH (December 2023 - December 2024)$1.99M(20.6%)
MAIN EXPORTER (December 2024)Shandong Province$2.35M
MAIN DESTINATION (December 2024)Vietnam$819k

This section shows Reclaimed Rubber'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 Reclaimed Rubber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$53.5M
IMPORTS (2023)$96.7M
NET TRADE (2023)-$43.2M

In 2023, China exported $53.5M in Reclaimed Rubber. The main destinations of China exports on Reclaimed Rubber were South Korea ($9.9M), Vietnam ($3.94M), United States ($3.87M), Thailand ($3.53M), and Uganda ($2.47M).

In 2023, China imported $96.7M in Reclaimed Rubber, mainly from Thailand ($38M), India ($19.9M), Malaysia ($16.1M), Vietnam ($6.02M), and Indonesia ($5.65M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Reclaimed Rubber EXPORT MARKETS FOR China WERE (2022 - 2023):
South Korea$2.09M (26.8%)
Mexico$1.38M (1.17k%)
Thailand$450k (14.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Reclaimed Rubber BY China WERE (2022 - 2023):
United States-$4.08M (-51.3%)
United Kingdom-$1.76M (-70.6%)
Indonesia-$1.5M (-38.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Reclaimed Rubber were:
India $79.9M
Canada $78.4M
In 2023, China's main importing competitors in Reclaimed Rubber were:
United States $94.8M
South Korea $17.4M

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Trade Value of Reclaimed Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.52M
TOP IMPORT POTENTIALIndia+ $9.24M

Reclaimed Rubber’s highest export potential is United States. With an export gap of $2.52M.   Reclaimed Rubber’s highest import potential is India with an import gap of $9.24M.

See methodology.

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