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2022
Exports $55.3MWorld Rnk 22 / 131
Flag Rnk 939 / 1216
2022
Destination $12.3M Russia
2021 - 2022
FASTEST GROWING MARKET $12.3MRussia
2022
PRODUCT COMPLEXITY IN Rubber-2.24Rnk 1010 / 1025
2022
Imports $3.82BWorld Rnk 1 / 192
Flag Rnk 93 / 1212
2022
Origin $260M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $260MLaos
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $55.3M in Rubber, making it the 22nd largest exporter of Rubber in the world. At the same year, Rubber was the 939th most exported product in China. The main destination of Rubber exports from China are: Russia ($12.7M), North Korea ($7.51M), Malaysia ($4.27M), Brazil ($3.79M), and Poland ($2.91M).

The fastest growing export markets for Rubber of China between 2021 and 2022 were Russia ($12.3M), Brazil ($2.7M), and Malaysia ($2.27M).

Imports In 2022, China imported $3.82B in Rubber, becoming the 1st largest importer of Rubber in the world. At the same year, Rubber was the 93rd most imported product in China. China imports Rubber primarily from: Thailand ($1.58B), Malaysia ($469M), Cote d'Ivoire ($398M), Laos ($380M), and Vietnam ($329M).

The fastest growing import markets in Rubber for China between 2021 and 2022 were Laos ($260M), Cote d'Ivoire ($109M), and Burma ($96.9M).

COMPANIES In 2023, leading companies such as Sailun Tire (7), CrimsonLogic (5), and Goodyear Tire and Rubber (2) were at the forefront of shipping Rubber from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Rubber exports accounted up to $1.95M and imports accounted up to $407M, resulting in a negative trade balance of $405M. Between October 2023 and October 2024 the exports of China's   Rubber have increased by $1.03M (111%) from $920k to $1.95M, while imports increased by $72.7M (21.8%) from $334M to $407M.

Destinations In October 2024, Rubber were exported mostly to Russia ($883k), Kazakhstan ($374k), Kenya ($297k), North Korea ($150k), and Malaysia ($63.3k), and were imported mostly from Thailand ($111M), Cote d'Ivoire ($64.4M), Laos ($63.2M), Burma ($49.9M), and Vietnam ($40.9M).

Growth In October 2024, the increase in Rubber's year-by-year exports was explained primarily by an increase in exports to North Korea ($984k or 640%) and United States ($2.02k or 1.33k%). In October 2024, the increase in Rubber's year-by-year imports was explained primarily by an increase in imports from Ghana ($1.62M or 5.75k%), Philippines ($696k or 50.2%), and Sri Lanka ($357k or 3.93k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.03M(111%)
IMPORT GROWTH (October 2023 - October 2024)$72.7M(21.8%)
MAIN EXPORTER (October 2024)Shandong Province$3.48M
MAIN DESTINATION (October 2024)Russia$883k

This section shows 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 Rubber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$55.3M
IMPORTS (2022)$3.82B
NET TRADE (2022)-$3.77B

In 2022, China exported $55.3M in Rubber. The main destinations of China exports on Rubber were Russia ($12.7M), North Korea ($7.51M), Malaysia ($4.27M), Brazil ($3.79M), and Poland ($2.91M).

In 2022, China imported $3.82B in Rubber, mainly from Thailand ($1.58B), Malaysia ($469M), Cote d'Ivoire ($398M), Laos ($380M), and Vietnam ($329M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber EXPORT MARKETS FOR China WERE (2021 - 2022):
Russia$12.3M (3.3k%)
Brazil$2.7M (249%)
Malaysia$2.27M (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber BY China WERE (2021 - 2022):
Slovakia-$7.26M (-93.5%)
Romania-$4.45M (-89%)
United States-$4.16M (-96.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Rubber were:
Thailand $5.47B
Indonesia $4.17B
Cote d'Ivoire $2.11B
In 2022, China's main importing competitors in Rubber were:
United States $2.06B
Malaysia $1.42B

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Trade Value of Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $3.42M
TOP IMPORT POTENTIALIndonesia+ $167M

Rubber’s highest export potential is Vietnam. With an export gap of $3.42M.   Rubber’s highest import potential is Indonesia with an import gap of $167M.

See methodology.

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