2023
Exports
$3.95BWorld Rnk 1 / 131
Flag Rnk 16 / 1212
2023
PRODUCT COMPLEXITY IN Rubber
-2.34Rnk 1011 / 1025
2023
Imports
$10.4MWorld Rnk 54 / 193
Flag Rnk 811 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $3.95B in Rubber, making it the 1st largest exporter of Rubber in the world. At the same year, Rubber was the 16th most exported product in Thailand. The main destination of Rubber exports from Thailand are: China ($1.38B), Malaysia ($523M), United States ($393M), Japan ($326M), and South Korea ($159M).

The fastest growing export markets for Rubber of Thailand between 2022 and 2023 were Slovenia ($29M), India ($16.7M), and Luxembourg ($13.5M).

Imports In 2023, Thailand imported $10.4M in Rubber, becoming the 54th largest importer of Rubber in the world. At the same year, Rubber was the 811th most imported product in Thailand. Thailand imports Rubber primarily from: Burma ($5.7M), Malaysia ($2.49M), Germany ($1.36M), Vietnam ($283k), and Sri Lanka ($242k).

The fastest growing import markets in Rubber for Thailand between 2022 and 2023 were Germany ($1.36M), Malaysia ($840k), and Burma ($697k).

COMPANIES In 2024, leading companies such as Continental Tire (266), Goodyear Tire and Rubber (61), and Hankook Tires (13) were at the forefront of shipping Rubber from Thailand to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Rubber. Countries are shown based on data availability.

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.95B
IMPORTS (2023)$10.4M
NET TRADE (2023)$3.94B

In 2023, Thailand exported $3.95B in Rubber. The main destinations of Thailand exports on Rubber were China ($1.38B), Malaysia ($523M), United States ($393M), Japan ($326M), and South Korea ($159M).

In 2023, Thailand imported $10.4M in Rubber, mainly from Burma ($5.7M), Malaysia ($2.49M), Germany ($1.36M), Vietnam ($283k), and Sri Lanka ($242k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Slovenia$29M (737%)
India$16.7M (14%)
Luxembourg$13.5M (372%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber BY Thailand WERE (2022 - 2023):
Malaysia-$316M (-37.7%)
China-$293M (-17.5%)
South Korea-$244M (-60.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Rubber were:
In 2023, Thailand's main importing competitors in Rubber were:

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Trade Value of Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $65M
TOP IMPORT POTENTIALMalaysia+ $2.51M

Rubber’s highest export potential is India. With an export gap of $65M.   Rubber’s highest import potential is Malaysia with an import gap of $2.51M.

See methodology.

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