2022
Exports
$3.04BWorld Rnk 2 / 145
Flag Rnk 22 / 1211
2022
PRODUCT COMPLEXITY IN Synthetic Rubber
0.49Rnk 369 / 1025
2022
Imports
$1.3BWorld Rnk 5 / 209
Flag Rnk 40 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $3.04B in Synthetic Rubber, making it the 2nd largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 22nd most exported product in Thailand. The main destination of Synthetic Rubber exports from Thailand are: China ($2.69B), Malaysia ($58.1M), India ($45.3M), Japan ($38.6M), and Indonesia ($34.2M).

The fastest growing export markets for Synthetic Rubber of Thailand between 2021 and 2022 were China ($741M), India ($17.6M), and Slovakia ($7.09M).

Imports In 2022, Thailand imported $1.3B in Synthetic Rubber, becoming the 5th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 40th most imported product in Thailand. Thailand imports Synthetic Rubber primarily from: Japan ($267M), South Korea ($239M), China ($197M), Singapore ($154M), and Chinese Taipei ($101M).

The fastest growing import markets in Synthetic Rubber for Thailand between 2021 and 2022 were China ($32.2M), Russia ($14.3M), and Singapore ($12.1M).

COMPANIES In 2023, leading companies such as Continental Tire (14), Goodyear Tire and Rubber (10), and IKEA Group (3) were at the forefront of shipping Synthetic Rubber from Thailand 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)$3.04B
IMPORTS (2022)$1.3B
NET TRADE (2022)$1.74B

In 2022, Thailand exported $3.04B in Synthetic Rubber. The main destinations of Thailand exports on Synthetic Rubber were China ($2.69B), Malaysia ($58.1M), India ($45.3M), Japan ($38.6M), and Indonesia ($34.2M).

In 2022, Thailand imported $1.3B in Synthetic Rubber, mainly from Japan ($267M), South Korea ($239M), China ($197M), Singapore ($154M), and Chinese Taipei ($101M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
China$741M (38.1%)
India$17.6M (63.8%)
Slovakia$7.09M (3.81k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Thailand WERE (2021 - 2022):
Malaysia-$55.1M (-48.7%)
Poland-$13.9M (-69.8%)
Spain-$5.67M (-98%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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