2022
Exports
$2.98BWorld Rnk 3 / 145
Flag Rnk 114 / 1217
2022
PRODUCT COMPLEXITY IN Synthetic Rubber
0.49Rnk 369 / 1025
2022
Imports
$1.96BWorld Rnk 2 / 209
Flag Rnk 251 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.98B in Synthetic Rubber, making it the 3rd largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 114th most exported product in United States. The main destination of Synthetic Rubber exports from United States are: Mexico ($513M), Canada ($388M), Belgium ($345M), Brazil ($282M), and Japan ($152M).

The fastest growing export markets for Synthetic Rubber of United States between 2021 and 2022 were Belgium ($111M), Mexico ($100M), and Brazil ($60.8M).

Imports In 2022, United States imported $1.96B in Synthetic Rubber, becoming the 2nd largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 251st most imported product in United States. United States imports Synthetic Rubber primarily from: South Korea ($308M), Japan ($264M), Germany ($210M), Chinese Taipei ($175M), and Mexico ($167M).

The fastest growing import markets in Synthetic Rubber for United States between 2021 and 2022 were South Korea ($76.1M), Chinese Taipei ($52.6M), and Singapore ($44.5M).

COMPANIES In 2023, leading companies such as Goodyear Tire and Rubber (294), Continental Tire (241), and Samsung (173) were at the forefront of shipping Synthetic Rubber to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-18.2M(-8.38%)
IMPORT GROWTH (September 2023 - September 2024)$17.4M(19.3%)
MAIN EXPORTER (September 2024)Texas$96.3M
MAIN DESTINATION (September 2024)Mexico$36.4M

This section shows Synthetic Rubber's exports and imports data at subnational level for United States. 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
EXPORTS (2022)$2.98B
IMPORTS (2022)$1.96B
NET TRADE (2022)$1.02B

In 2022, United States exported $2.98B in Synthetic Rubber. The main destinations of United States exports on Synthetic Rubber were Mexico ($513M), Canada ($388M), Belgium ($345M), Brazil ($282M), and Japan ($152M).

In 2022, United States imported $1.96B in Synthetic Rubber, mainly from South Korea ($308M), Japan ($264M), Germany ($210M), Chinese Taipei ($175M), and Mexico ($167M).

Explore Visualizations

Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR United States WERE (2021 - 2022):
Belgium$111M (47.3%)
Mexico$100M (24.3%)
Brazil$60.8M (27.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY United States WERE (2021 - 2022):
Chinese Taipei-$20.1M (-31.3%)
South Korea-$16.4M (-24.6%)
Singapore-$12.2M (-10.6%)

Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Synthetic Rubber were:
In 2022, United States's main importing competitors in Synthetic Rubber were:
China $8.77B
India $1.33B

Explore Visualizations

Trade Value of Synthetic Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $121M
TOP IMPORT POTENTIALCanada+ $46.9M

Synthetic Rubber’s highest export potential is China. With an export gap of $121M.   Synthetic Rubber’s highest import potential is Canada with an import gap of $46.9M.

See methodology.

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