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2023
Exports $183MWorld Rnk 23 / 142
Flag Rnk 163 / 1207
2023
Destination $9.14M United States
2022 - 2023
FASTEST GROWING MARKET $9.14MArgentina
2023
PRODUCT COMPLEXITY IN Synthetic Rubber0.45Rnk 383 / 1025
2023
Imports $630MWorld Rnk 10 / 205
Flag Rnk 80 / 1200
2023
Origin $18.9M United States
2022 - 2023
FASTEST GROWING ORIGIN $18.9MTurkey
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $183M in Synthetic Rubber, making it the 23rd largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 163rd most exported product in Brazil. The main destination of Synthetic Rubber exports from Brazil are: United States ($30.7M), Malaysia ($27.1M), Thailand ($24.1M), Argentina ($21.7M), and Netherlands ($8.48M).

The fastest growing export markets for Synthetic Rubber of Brazil between 2022 and 2023 were Argentina ($9.14M), Italy ($4.95M), and Poland ($2.79M).

Imports In 2023, Brazil imported $630M in Synthetic Rubber, becoming the 10th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 80th most imported product in Brazil. Brazil imports Synthetic Rubber primarily from: United States ($212M), Russia ($64M), Turkey ($40.3M), Argentina ($35.5M), and Poland ($35M).

The fastest growing import markets in Synthetic Rubber for Brazil between 2022 and 2023 were Turkey ($18.9M), Malta ($6.29M), and Saudi Arabia ($2.28M).

COMPANIES In 2024, leading companies such as DAVID OPPENHEIMER CO. (1) were at the forefront of shipping Synthetic Rubber from Brazil to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Synthetic Rubber exports accounted up to $12.7M and imports accounted up to $49.4M, resulting in a negative trade balance of $36.7M. Between December 2023 and December 2024 the exports of Brazil's   Synthetic Rubber have decreased by $-1.89M (-13%) from $14.6M to $12.7M, while imports increased by $14.3M (40.8%) from $35.1M to $49.4M.

Destinations In December 2024, Synthetic Rubber were exported mostly to Malaysia ($2.22M), China ($2.03M), United States ($1.5M), Thailand ($1.18M), and Argentina ($1.13M), and were imported mostly from United States ($23.3M), Mexico ($4.85M), Argentina ($3.24M), Chinese Taipei ($2.39M), and Japan ($2.25M).

Growth In December 2024, the decrease in Synthetic Rubber's year-by-year exports was explained primarily by a decrease in exports to Thailand ($-1.5M or -62.5%), United States ($-1.11M or -52%), and Netherlands ($-439k or -77.9%). In December 2024, the increase in Synthetic Rubber's year-by-year imports was explained primarily by an increase in imports from Argentina ($1.93M or 73.1%), Germany ($661k or 45.2%), and Japan ($537k or 21.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-1.89M(-13%)
IMPORT GROWTH (December 2023 - December 2024)$14.3M(40.8%)
MAIN EXPORTER (December 2024)São Paulo$9.67M
MAIN DESTINATION (December 2024)Malaysia$2.22M

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
EXPORTS (2023)$183M
IMPORTS (2023)$630M
NET TRADE (2023)-$447M

In 2023, Brazil exported $183M in Synthetic Rubber. The main destinations of Brazil exports on Synthetic Rubber were United States ($30.7M), Malaysia ($27.1M), Thailand ($24.1M), Argentina ($21.7M), and Netherlands ($8.48M).

In 2023, Brazil imported $630M in Synthetic Rubber, mainly from United States ($212M), Russia ($64M), Turkey ($40.3M), Argentina ($35.5M), and Poland ($35M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
Argentina$9.14M (72.6%)
Italy$4.95M (274%)
Poland$2.79M (443%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Brazil WERE (2022 - 2023):
United States-$14M (-31.4%)
Thailand-$9.43M (-28.2%)
Malaysia-$6.05M (-18.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Synthetic Rubber were:
Thailand $2.72B
South Korea $2.64B
United States $2.44B
In 2023, Brazil's main importing competitors in Synthetic Rubber were:
China $8.02B
United States $1.43B
Thailand $1.19B

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Trade Value of Synthetic Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.1M
TOP IMPORT POTENTIALChina+ $17.6M

Synthetic Rubber’s highest export potential is United States. With an export gap of $15.1M.   Synthetic Rubber’s highest import potential is China with an import gap of $17.6M.

See methodology.

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