Synthetic Rubber in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $2.56B in Synthetic Rubber, making it the 4th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 66th most exported product in Japan. The main destination of Synthetic Rubber exports from Japan are: China ($602M), Thailand ($267M), United States ($264M), India ($173M), and Indonesia ($143M).

The fastest growing export markets for Synthetic Rubber of Japan between 2021 and 2022 were United States ($40.6M), Italy ($24.8M), and India ($21M).

Imports In 2022, Japan imported $495M in Synthetic Rubber, becoming the 19th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 230th most imported product in Japan. Japan imports Synthetic Rubber primarily from: United States ($152M), South Korea ($101M), Singapore ($76.9M), Chinese Taipei ($49.7M), and Thailand ($38.6M).

The fastest growing import markets in Synthetic Rubber for Japan between 2021 and 2022 were United States ($60.3M), Singapore ($16.8M), and South Korea ($9.18M).

COMPANIES In 2023, leading companies such as GOODYEAR TIRE & RUBBER CO. (50), CONTINENTAL TIRE THE AMERICAS LLC (14), and SUMITOMO RUBBER NORTH AMERICA,INC. (10) were at the forefront of shipping Synthetic Rubber from Japan to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Japan's Synthetic Rubber exports accounted up to ¥26.3B and imports accounted up to ¥4.44B, resulting in a positive trade balance of ¥21.9B. Between February 2023 and February 2024 the exports of Japan's Synthetic Rubber have increased by ¥3.96B (17.7%) from ¥22.3B to ¥26.3B, while imports increased by ¥957M (27.5%) from ¥3.49B to ¥4.44B.

Destinations In February 2024, Synthetic Rubber were exported mostly to China (¥5.95B), United States (¥2.38B), Thailand (¥2.17B), India (¥2.02B), and Indonesia (¥1.76B), and were imported mostly from Singapore (¥1.13B), United States (¥993M), South Korea (¥872M), Thailand (¥499M), and Chinese Taipei (¥422M).

Growth In February 2024, the increase in Synthetic Rubber's year-by-year exports was explained primarily by an increase in exports to Indonesia (¥569M or 54.7%), Chinese Taipei (¥279M or 51%), and Brazil (¥258M or 112%). In February 2024, the increase in Synthetic Rubber's year-by-year imports was explained primarily by an increase in imports from United States (¥325M or 32.7%), Singapore (¥164M or 21.9%), and Belgium (¥21.5M or 18.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)¥3.96B(17.7%)

IMPORT GROWTH (February 2023 - February 2024)¥957M(27.5%)

MAIN EXPORTER (February 2024)Kanagawa¥5.97B

MAIN DESTINATION (February 2024)China¥5.95B

This section shows Synthetic Rubber's exports and imports data at subnational level for Japan. 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)$2.56B

IMPORTS (2022)$495M

NET TRADE (2022)$2.07B

In 2022, Japan exported $2.56B in Synthetic Rubber. The main destinations of Japan exports on Synthetic Rubber were China ($602M), Thailand ($267M), United States ($264M), India ($173M), and Indonesia ($143M).

In 2022, Japan imported $495M in Synthetic Rubber, mainly from United States ($152M), South Korea ($101M), Singapore ($76.9M), Chinese Taipei ($49.7M), and Thailand ($38.6M).

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