2023
Exports
$2.72BWorld Rnk 1 / 142
Flag Rnk 24 / 1212
2023
PRODUCT COMPLEXITY IN Synthetic Rubber
0.45Rnk 383 / 1025
2023
Imports
$1.19BWorld Rnk 3 / 205
Flag Rnk 42 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $2.72B in Synthetic Rubber, making it the 1st largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 24th most exported product in Thailand. The main destination of Synthetic Rubber exports from Thailand are: China ($2.39B), Malaysia ($66.2M), India ($51.3M), Indonesia ($35.3M), and Japan ($33.5M).

The fastest growing export markets for Synthetic Rubber of Thailand between 2022 and 2023 were India ($13.9M), Malaysia ($12.5M), and Mexico ($5.24M).

Imports In 2023, Thailand imported $1.19B in Synthetic Rubber, becoming the 3rd largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 42nd most imported product in Thailand. Thailand imports Synthetic Rubber primarily from: N/A.

The fastest growing import markets in Synthetic Rubber for Thailand between 2022 and 2023 were Russia ($18.2M), Malaysia ($17.6M), and Saudi Arabia ($11M).

COMPANIES In 2024, leading companies such as Continental Tire (16), Robert Bosch (10), and Wismettac Asian Foods (9) were at the forefront of shipping Synthetic Rubber from Thailand to the United States.

Latest Trends

Dec 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 (2023)$2.72B
IMPORTS (2023)$1.19B
NET TRADE (2023)$1.53B

In 2023, Thailand exported $2.72B in Synthetic Rubber. The main destinations of Thailand exports on Synthetic Rubber were China ($2.39B), Malaysia ($66.2M), India ($51.3M), Indonesia ($35.3M), and Japan ($33.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
India$13.9M (37%)
Malaysia$12.5M (23.3%)
Mexico$5.24M (463%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Thailand WERE (2022 - 2023):
China-$261M (-9.86%)
Vietnam-$9.99M (-31.7%)
Canada-$9.03M (-98.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Synthetic Rubber were:
In 2023, Thailand'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 POTENTIALIndia+ $48.2M
TOP IMPORT POTENTIALMalaysia+ $27.2M

Synthetic Rubber’s highest export potential is India. With an export gap of $48.2M.   Synthetic Rubber’s highest import potential is Malaysia with an import gap of $27.2M.

See methodology.

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