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2022
Exports $1.72BWorld Rnk 8 / 145
Flag Rnk 329 / 1216
2022
Destination $95.8M Vietnam
2021 - 2022
FASTEST GROWING MARKET $95.8MVietnam
2022
PRODUCT COMPLEXITY IN Synthetic Rubber0.49Rnk 369 / 1025
2022
Imports $8.77BWorld Rnk 1 / 209
Flag Rnk 37 / 1212
2022
Origin $741M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $741MThailand
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.72B in Synthetic Rubber, making it the 8th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 329th most exported product in China. The main destination of Synthetic Rubber exports from China are: Vietnam ($272M), Thailand ($197M), India ($121M), South Korea ($113M), and Malaysia ($84.5M).

The fastest growing export markets for Synthetic Rubber of China between 2021 and 2022 were Vietnam ($95.8M), India ($71.2M), and Netherlands ($38.2M).

Imports In 2022, China imported $8.77B in Synthetic Rubber, becoming the 1st largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 37th most imported product in China. China imports Synthetic Rubber primarily from: Thailand ($2.69B), Vietnam ($2.04B), Malaysia ($646M), Japan ($602M), and South Korea ($582M).

The fastest growing import markets in Synthetic Rubber for China between 2021 and 2022 were Thailand ($741M), Russia ($332M), and Saudi Arabia ($123M).

COMPANIES In 2023, leading companies such as Sobel Westex (39), Mahle Behr (35), and General Motors (27) were at the forefront of shipping Synthetic Rubber from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Synthetic Rubber exports accounted up to $173M and imports accounted up to $740M, resulting in a negative trade balance of $567M. Between September 2023 and September 2024 the exports of China's   Synthetic Rubber have increased by $18.4M (11.9%) from $154M to $173M, while imports increased by $150M (25.4%) from $590M to $740M.

Destinations In September 2024, Synthetic Rubber were exported mostly to Vietnam ($33.3M), Thailand ($24.7M), India ($15.7M), Indonesia ($7.97M), and Russia ($7.47M), and were imported mostly from Thailand ($209M), Vietnam ($178M), Malaysia ($67.4M), Russia ($63.7M), and South Korea ($48.6M).

Growth In September 2024, the increase in Synthetic Rubber's year-by-year exports was explained primarily by an increase in exports to South Korea ($6.71M or 128%), Thailand ($5.96M or 43.2%), and India ($5.82M or 140%). In September 2024, the increase in Synthetic Rubber's year-by-year imports was explained primarily by an increase in imports from Thailand ($30.3M or 13.5%), Russia ($25.8M or 130%), and Laos ($2.88M or 104%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$18.4M(11.9%)
IMPORT GROWTH (September 2023 - September 2024)$150M(25.4%)
MAIN EXPORTER (September 2024)Shandong Province$50.5M
MAIN DESTINATION (September 2024)Vietnam$33.3M

This section shows Synthetic 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 Synthetic Rubber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.72B
IMPORTS (2022)$8.77B
NET TRADE (2022)-$7.05B

In 2022, China exported $1.72B in Synthetic Rubber. The main destinations of China exports on Synthetic Rubber were Vietnam ($272M), Thailand ($197M), India ($121M), South Korea ($113M), and Malaysia ($84.5M).

In 2022, China imported $8.77B in Synthetic Rubber, mainly from Thailand ($2.69B), Vietnam ($2.04B), Malaysia ($646M), Japan ($602M), and South Korea ($582M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR China WERE (2021 - 2022):
Vietnam$95.8M (54.3%)
India$71.2M (142%)
Netherlands$38.2M (228%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY China WERE (2021 - 2022):
Malaysia-$183M (-68.4%)
Hong Kong-$8.94M (-37.2%)
China-$8.43M (-38.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Synthetic Rubber were:
South Korea $3.3B
Thailand $3.04B
United States $2.98B
In 2022, China's main importing competitors in Synthetic Rubber were:
United States $1.96B
India $1.33B

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Trade Value of Synthetic Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $105M
TOP IMPORT POTENTIALVietnam+ $277M

Synthetic Rubber’s highest export potential is India. With an export gap of $105M.   Synthetic Rubber’s highest import potential is Vietnam with an import gap of $277M.

See methodology.

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