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2022
Exports $73.9MWorld Rnk 19 / 131
Flag Rnk 799 / 1217
2022
Destination $1.88M Canada
2021 - 2022
FASTEST GROWING MARKET $1.88MBrazil
2022
PRODUCT COMPLEXITY IN Rubber-2.24Rnk 1010 / 1025
2022
Imports $2.06BWorld Rnk 2 / 192
Flag Rnk 243 / 1216
2022
Origin $37.3M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $37.3MThailand
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $73.9M in Rubber, making it the 19th largest exporter of Rubber in the world. At the same year, Rubber was the 799th most exported product in United States. The main destination of Rubber exports from United States are: Canada ($28.9M), Mexico ($27.1M), Brazil ($3.48M), Germany ($2.24M), and China ($1.79M).

The fastest growing export markets for Rubber of United States between 2021 and 2022 were Brazil ($1.88M), China ($862k), and Mexico ($847k).

Imports In 2022, United States imported $2.06B in Rubber, becoming the 2nd largest importer of Rubber in the world. At the same year, Rubber was the 243rd most imported product in United States. United States imports Rubber primarily from: Indonesia ($998M), Thailand ($517M), Cote d'Ivoire ($203M), Liberia ($87.3M), and Vietnam ($61.3M).

The fastest growing import markets in Rubber for United States between 2021 and 2022 were Thailand ($37.3M), Cote d'Ivoire ($22M), and Liberia ($9.48M).

COMPANIES In 2023, leading companies such as Goodyear Tire and Rubber (816), Continental Tire (561), and Yokohama Industries (213) were at the forefront of shipping Rubber to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Rubber exports accounted up to $7.13M and imports accounted up to $110M, resulting in a negative trade balance of $103M. Between August 2023 and August 2024 the exports of United States'   Rubber have decreased by $-374k (-4.99%) from $7.51M to $7.13M, while imports increased by $4.75M (4.52%) from $105M to $110M.

Destinations In August 2024, Rubber were exported mostly to Mexico ($2.92M), Costa Rica ($1.38M), Canada ($949k), Ecuador ($905k), and Chile ($356k), and were imported mostly from Indonesia ($45.4M), Thailand ($26.5M), Cote d'Ivoire ($17.7M), Malaysia ($8.76M), and Vietnam ($3.33M).

Growth In August 2024, the decrease in Rubber's year-by-year exports was explained primarily by a decrease in exports to Canada ($-1.27M or -40.1%), Mexico ($-712k or -21.6%), and Italy ($-631k or -98.8%). In August 2024, the increase in Rubber's year-by-year imports was explained primarily by an increase in imports from Thailand ($1.53M or 4.32%), Guatemala ($1.51M or 71.4%), and Chinese Taipei ($140k or 138%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-374k(-4.99%)
IMPORT GROWTH (August 2023 - August 2024)$4.75M(4.52%)
MAIN EXPORTER (August 2024)Tennessee$3.6M
MAIN DESTINATION (August 2024)Mexico$2.92M

This section shows Rubber's exports and imports data at subnational level for United States. 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)$73.9M
IMPORTS (2022)$2.06B
NET TRADE (2022)-$1.99B

In 2022, United States exported $73.9M in Rubber. The main destinations of United States exports on Rubber were Canada ($28.9M), Mexico ($27.1M), Brazil ($3.48M), Germany ($2.24M), and China ($1.79M).

In 2022, United States imported $2.06B in Rubber, mainly from Indonesia ($998M), Thailand ($517M), Cote d'Ivoire ($203M), Liberia ($87.3M), and Vietnam ($61.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber EXPORT MARKETS FOR United States WERE (2021 - 2022):
Brazil$1.88M (118%)
China$862k (92.5%)
Mexico$847k (3.22%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber BY United States WERE (2021 - 2022):
Netherlands-$1.13M (-83%)
Mozambique-$992k (-100%)
Ecuador-$822k (-97.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Rubber were:
Thailand $5.47B
Indonesia $4.17B
Cote d'Ivoire $2.11B
In 2022, United States's main importing competitors in Rubber were:
China $3.82B
Malaysia $1.42B

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Trade Value of Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.91M
TOP IMPORT POTENTIALCote d'Ivoire+ $68.4M

Rubber’s highest export potential is China. With an export gap of $3.91M.   Rubber’s highest import potential is Cote d'Ivoire with an import gap of $68.4M.

See methodology.

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