2022
Exports
$160MWorld Rnk 28 / 145
Flag Rnk 347 / 1212
2022
PRODUCT COMPLEXITY IN Synthetic Rubber
0.49Rnk 369 / 1025
2022
Imports
$1.33BWorld Rnk 3 / 209
Flag Rnk 73 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $160M in Synthetic Rubber, making it the 28th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 347th most exported product in India. The main destination of Synthetic Rubber exports from India are: Thailand ($20.8M), United States ($18.9M), China ($18.3M), Vietnam ($15.5M), and Bangladesh ($12.3M).

The fastest growing export markets for Synthetic Rubber of India between 2021 and 2022 were United States ($8.85M), Thailand ($7.52M), and United Arab Emirates ($3.78M).

Imports In 2022, India imported $1.33B in Synthetic Rubber, becoming the 3rd largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 73rd most imported product in India. India imports Synthetic Rubber primarily from: South Korea ($278M), Japan ($173M), Singapore ($140M), China ($121M), and Russia ($90.6M).

The fastest growing import markets in Synthetic Rubber for India between 2021 and 2022 were China ($71.2M), Singapore ($45.3M), and Saudi Arabia ($32.6M).

COMPANIES In 2023, leading companies such as Walgreens (1) and At Home Procurement (1) were at the forefront of shipping Synthetic Rubber from India to the United States.

Latest Trends

Jul 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 Synthetic 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 (2022)$160M
IMPORTS (2022)$1.33B
NET TRADE (2022)-$1.17B

In 2022, India exported $160M in Synthetic Rubber. The main destinations of India exports on Synthetic Rubber were Thailand ($20.8M), United States ($18.9M), China ($18.3M), Vietnam ($15.5M), and Bangladesh ($12.3M).

In 2022, India imported $1.33B in Synthetic Rubber, mainly from South Korea ($278M), Japan ($173M), Singapore ($140M), China ($121M), and Russia ($90.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$8.85M (88.3%)
Thailand$7.52M (56.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY India WERE (2021 - 2022):
China-$11.5M (-38.5%)
Malaysia-$6.02M (-65.3%)
South Korea-$5.84M (-82.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Synthetic Rubber were:
In 2022, India's main importing competitors in Synthetic Rubber were:

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Trade Value of Synthetic Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $44M
TOP IMPORT POTENTIALChina+ $105M

Synthetic Rubber’s highest export potential is China. With an export gap of $44M.   Synthetic Rubber’s highest import potential is China with an import gap of $105M.

See methodology.

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