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2023
Exports $21.1BWorld Rnk 1 / 207
Flag Rnk 30 / 1215
2023
Destination $573M Russia
2022 - 2023
FASTEST GROWING MARKET $573MRussia
2023
PRODUCT COMPLEXITY IN Rubber Tires0.23Rnk 486 / 1025
2023
Imports $917MWorld Rnk 23 / 225
Flag Rnk 231 / 1214
2023
Origin $46.2M Japan
2022 - 2023
FASTEST GROWING ORIGIN $46.2MJapan
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $21.1B in Rubber Tires, making it the 1st largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 30th most exported product in China. The main destination of Rubber Tires exports from China are: Russia ($1.69B), Mexico ($1.36B), United States ($933M), Saudi Arabia ($846M), and Australia ($694M).

The fastest growing export markets for Rubber Tires of China between 2022 and 2023 were Russia ($573M), Vietnam ($101M), and Saudi Arabia ($97.7M).

Imports In 2023, China imported $917M in Rubber Tires, becoming the 23rd largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 231st most imported product in China. China imports Rubber Tires primarily from: Japan ($182M), Thailand ($133M), United Arab Emirates ($95.3M), Germany ($74.2M), and United States ($65.8M).

The fastest growing import markets in Rubber Tires for China between 2022 and 2023 were Japan ($46.2M), United States ($20.4M), and Chile ($6.26M).

COMPANIES In 2024, leading companies such as Yokohama Industries (94), Sailun Tire (51), and Sumitomo Rubber (31) were at the forefront of shipping Rubber Tires from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Rubber Tires exports accounted up to $1.94B and imports accounted up to $75.5M, resulting in a positive trade balance of $1.87B. Between December 2023 and December 2024 the exports of China's   Rubber Tires have increased by $200M (11.5%) from $1.74B to $1.94B, while imports decreased by $-2.52M (-3.23%) from $78M to $75.5M.

Destinations In December 2024, Rubber Tires were exported mostly to Russia ($175M), Mexico ($79.2M), United States ($78.2M), United Arab Emirates ($69.5M), and United Kingdom ($60.8M), and were imported mostly from Japan ($30M), Thailand ($10.2M), Spain ($5.52M), United States ($4.67M), and Germany ($3.09M).

Growth In December 2024, the increase in Rubber Tires's year-by-year exports was explained primarily by an increase in exports to Brazil ($35.7M or 83.5%), United Arab Emirates ($30.7M or 66.2%), and Germany ($18.4M or 59.2%). In December 2024, the decrease in Rubber Tires's year-by-year imports was explained primarily by a decrease in imports from Germany ($-2.98M or -52.9%), Spain ($-2.07M or -36.1%), and Romania ($-2.02M or -63.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$200M(11.5%)
IMPORT GROWTH (December 2023 - December 2024)$-2.52M(-3.23%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Russia$175M

This section shows Rubber Tires'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 Rubber Tires over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$21.1B
IMPORTS (2023)$917M
NET TRADE (2023)$20.2B

In 2023, China exported $21.1B in Rubber Tires. The main destinations of China exports on Rubber Tires were Russia ($1.69B), Mexico ($1.36B), United States ($933M), Saudi Arabia ($846M), and Australia ($694M).

In 2023, China imported $917M in Rubber Tires, mainly from Japan ($182M), Thailand ($133M), United Arab Emirates ($95.3M), Germany ($74.2M), and United States ($65.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber Tires EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$573M (51.5%)
Vietnam$101M (56.4%)
Saudi Arabia$97.7M (13%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Tires BY China WERE (2022 - 2023):
United States-$579M (-38.3%)
Iran-$170M (-63.9%)
Australia-$111M (-13.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Rubber Tires were:
Thailand $7.45B
Japan $6.54B
In 2023, China's main importing competitors in Rubber Tires were:
United States $19.4B
Germany $7.76B
France $4.79B

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Trade Value of Rubber Tires by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $716M
TOP IMPORT POTENTIALThailand+ $89.3M

Rubber Tires’s highest export potential is United States. With an export gap of $716M.   Rubber Tires’s highest import potential is Thailand with an import gap of $89.3M.

See methodology.

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