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Natural rubber: top exporters and importers (2024)

In 2024, world trade in natural rubber totaled $16.7 billion (9.8 million tonnes). The top exporters were Thailand (31%), Indonesia (19%) and Côte d'Ivoire (16%); the top importers were China (23%), the United States (11%) and Malaysia (9%). Compared with 2019, the value rose 13%.

Summary

World trade
$16.7billion
Tonnes
9.8million tonnes
Price per tonne
$1,690
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Thailand$5.1 billion · 30.7%
    see destinations
  2. Indonesia$3.1 billion · 18.9%
    see destinations
  3. Côte d'Ivoire$2.7 billion · 16.1%
    see destinations
  4. Vietnam$1.2 billion · 7.5%
  5. Malaysia$1.2 billion · 7.1%
  6. Cambodia$631 million · 3.8%
  7. Myanmar$535 million · 3.2%
  8. Laos$398 million · 2.4%
  9. Ghana$228 million · 1.4%
  10. Guatemala$183 million · 1.1%
  11. Liberia$182 million · 1.1%
  12. Philippines$153 million · 0.91%
  13. Singapore$94 million · 0.57%
    re-exports
  14. Belgium$88 million · 0.53%
    re-exports
  15. Germany$88 million · 0.53%
  16. Nigeria$82 million · 0.49%
  17. Cameroon$67 million · 0.4%
  18. France$56 million · 0.34%
  19. United States$44 million · 0.26%
  20. China$43 million · 0.26%

Top importers

  1. China$3.9 billion · 23.3%
    see sources
  2. United States$1.8 billion · 10.9%
    see sources
  3. Malaysia$1.5 billion · 8.9%
    see sources
  4. Japan$1.2 billion · 7.1%
  5. India$1 billion · 6.2%
  6. Vietnam$782 million · 4.7%
  7. South Korea$553 million · 3.3%
  8. Germany$492 million · 3%
  9. Turkey$485 million · 2.9%
  10. Spain$365 million · 2.2%
  11. Brazil$295 million · 1.8%
  12. Mexico$268 million · 1.6%
  13. Italy$242 million · 1.5%
  14. Poland$230 million · 1.4%
  15. France$218 million · 1.3%
  16. Canada$217 million · 1.3%
  17. Czechia$205 million · 1.2%
  18. Belgium$191 million · 1.2%
    re-exports
  19. Romania$188 million · 1.1%
  20. Slovakia$180 million · 1.1%

Trend

Who sells it

Thailand has been the top exporter since 2012

Value in USD billions. The five largest exporters in 2024.

  • Thailand 5.1
  • Indonesia 3.1
  • Côte d'Ivoire 2.7
  • Vietnam 1.2
  • Malaysia 1.2

Source: CEPII BACI

Show the numbers
Country19952024
Thailand2.65.1
Indonesia2.23.1
Côte d'Ivoire0.182.7
Vietnam0.081.2
Malaysia21.2

Price

Implied price

The price per tonne rose 9% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,690

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,549
1996$1,453
1997$1,154
1998$848
1999$670
2000$737
2001$688
2002$760
2003$1,086
2004$1,301
2005$1,320
2006$1,918
2007$1,994
2008$2,483
2009$1,713
2010$2,925
2011$4,535
2012$3,404
2013$2,679
2014$1,984
2015$1,531
2016$1,406
2017$1,742
2018$1,491
2019$1,457
2020$1,393
2021$1,718
2022$1,728
2023$1,398
2024$1,690

What it includes

  • 4001 · Natural rubber

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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