2022
Exports
$999MWorld Rnk 10 / 145
Flag Rnk 52 / 1198
2022
PRODUCT COMPLEXITY IN Synthetic Rubber
0.49Rnk 369 / 1025
2022
Imports
$219MWorld Rnk 26 / 209
Flag Rnk 196 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $999M in Synthetic Rubber, making it the 10th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 52nd most exported product in Singapore. The main destination of Synthetic Rubber exports from Singapore are: China ($234M), Thailand ($154M), India ($140M), Japan ($76.9M), and United States ($60M).

The fastest growing export markets for Synthetic Rubber of Singapore between 2021 and 2022 were India ($45.3M), United States ($44.5M), and Japan ($16.8M).

Imports In 2022, Singapore imported $219M in Synthetic Rubber, becoming the 26th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 196th most imported product in Singapore. Singapore imports Synthetic Rubber primarily from: United States ($102M), Saudi Arabia ($40M), China ($13.7M), Belgium ($13.1M), and United Kingdom ($12.4M).

The fastest growing import markets in Synthetic Rubber for Singapore between 2021 and 2022 were Belgium ($10.1M), United Kingdom ($2.92M), and Chinese Taipei ($2.02M).

COMPANIES In 2023, leading companies such as Goodyear Tire and Rubber (229), Continental Tire (9), and Sobel Westex (3) were at the forefront of shipping Synthetic Rubber from Singapore to the United States.

Latest Trends

Oct 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)$999M
IMPORTS (2022)$219M
NET TRADE (2022)$781M

In 2022, Singapore exported $999M in Synthetic Rubber. The main destinations of Singapore exports on Synthetic Rubber were China ($234M), Thailand ($154M), India ($140M), Japan ($76.9M), and United States ($60M).

In 2022, Singapore imported $219M in Synthetic Rubber, mainly from United States ($102M), Saudi Arabia ($40M), China ($13.7M), Belgium ($13.1M), and United Kingdom ($12.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
India$45.3M (47.9%)
United States$44.5M (289%)
Japan$16.8M (27.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Singapore WERE (2021 - 2022):
Indonesia-$10.9M (-16.7%)
Russia-$3.29M (-94.9%)
France-$964k (-76.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Synthetic Rubber were:
In 2022, Singapore'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+ $57.5M
TOP IMPORT POTENTIALChina+ $8.44M

Synthetic Rubber’s highest export potential is China. With an export gap of $57.5M.   Synthetic Rubber’s highest import potential is China with an import gap of $8.44M.

See methodology.

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