Synthetic Rubber in Brazil | The Observatory of Economic Complexity

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Exports In 2022, Brazil exported $184M in Synthetic Rubber, making it the 25th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 148th most exported product in Brazil. The main destination of Synthetic Rubber exports from Brazil are: United States ($38.1M), Malaysia ($25.4M), Thailand ($25M), Argentina ($13.2M), and Belgium ($10.8M).

The fastest growing export markets for Synthetic Rubber of Brazil between 2021 and 2022 were Thailand ($11.4M), United States ($9.39M), and Belgium ($3.63M).

Imports In 2022, Brazil imported $826M in Synthetic Rubber, becoming the 10th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 61st most imported product in Brazil. Brazil imports Synthetic Rubber primarily from: United States ($282M), Poland ($77.9M), Argentina ($68.8M), Russia ($59.4M), and Mexico ($54.7M).

The fastest growing import markets in Synthetic Rubber for Brazil between 2021 and 2022 were United States ($60.8M), Argentina ($37.9M), and Mexico ($29.1M).

COMPANIES In 2023, leading companies such as Goya Foods (4), Goodyear Tire and Rubber (1), and Pacific Trellis Fruit (1) were at the forefront of shipping Synthetic Rubber from Brazil to the United States.

Latest Trends

April 2024

About

Overview In April 2024 Brazil's Synthetic Rubber exports accounted up to $15.5M and imports accounted up to $51.3M, resulting in a negative trade balance of $35.8M. Between April 2023 and April 2024 the exports of Brazil's Synthetic Rubber have decreased by $-1.78M (-10.3%) from $17.2M to $15.5M, while imports increased by $1.02M (2.02%) from $50.3M to $51.3M.

Destinations In April 2024, Synthetic Rubber were exported mostly to United States ($2.27M), China ($1.94M), Thailand ($1.92M), Malaysia ($1.87M), and Italy ($1.47M), and were imported mostly from United States ($22.3M), Germany ($3.93M), Mexico ($3.91M), Japan ($2.64M), and Argentina ($2.58M).

Growth In April 2024, the decrease in Synthetic Rubber's year-by-year exports was explained primarily by a decrease in exports to China ($-1.13M or -77.3%), United States ($-863k or -28.8%), and Belgium ($-839k or -61.5%). In April 2024, the increase in Synthetic Rubber's year-by-year imports was explained primarily by an increase in imports from United States ($4.24M or 23.4%), Indonesia ($972k or 292%), and China ($691k or 71.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)$-1.78M(-10.3%)

IMPORT GROWTH (April 2023 - April 2024)$1.02M(2.02%)

MAIN EXPORTER (April 2024)São Paulo$9.67M

MAIN DESTINATION (April 2024)United States$2.27M

This section shows Synthetic Rubber's exports and imports data at subnational level for Brazil. 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 Synthetic Rubber over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$184M

IMPORTS (2022)$826M

NET TRADE (2022)-$642M

In 2022, Brazil exported $184M in Synthetic Rubber. The main destinations of Brazil exports on Synthetic Rubber were United States ($38.1M), Malaysia ($25.4M), Thailand ($25M), Argentina ($13.2M), and Belgium ($10.8M).

In 2022, Brazil imported $826M in Synthetic Rubber, mainly from United States ($282M), Poland ($77.9M), Argentina ($68.8M), Russia ($59.4M), and Mexico ($54.7M).

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