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Synthetic rubber: top exporters and importers (2024)

In 2024, world trade in synthetic rubber totaled $27.8 billion (14 million tonnes). The top exporters were South Korea (12%), Thailand (10%) and the United States (9%); the top importers were China (32%), the United States (5%) and Thailand (5%). Compared with 2019, the value rose 13%.

Summary

World trade
$27.8billion
Tonnes
14million tonnes
Price per tonne
$1,989
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. South Korea$3.2 billion · 11.6%
  2. Thailand$2.8 billion · 9.9%
  3. United States$2.6 billion · 9.3%
  4. Japan$2.3 billion · 8.1%
  5. China$2 billion · 7.1%
  6. Vietnam$1.9 billion · 7%
  7. Russia$1.6 billion · 5.6%
  8. Germany$1.6 billion · 5.6%
  9. Taiwan$1 billion · 3.7%
  10. Malaysia$865 million · 3.1%
  11. Singapore$773 million · 2.8%
    re-exports
  12. France$752 million · 2.7%
  13. Saudi Arabia$690 million · 2.5%
  14. Netherlands$623 million · 2.2%
    re-exports
  15. Poland$600 million · 2.2%
  16. Belgium$572 million · 2.1%
    re-exports
  17. Indonesia$504 million · 1.8%
  18. Italy$460 million · 1.7%
  19. United Kingdom$379 million · 1.4%
  20. Spain$265 million · 0.95%

Top importers

  1. China$8.8 billion · 31.6%
  2. United States$1.4 billion · 5.1%
  3. Thailand$1.3 billion · 4.8%
  4. India$1.3 billion · 4.8%
  5. Vietnam$1.1 billion · 4%
  6. Germany$1.1 billion · 3.9%
  7. Turkey$842 million · 3%
  8. Malaysia$828 million · 3%
  9. Indonesia$771 million · 2.8%
  10. Poland$668 million · 2.4%
  11. Belgium$643 million · 2.3%
    re-exports
  12. Italy$639 million · 2.3%
  13. Mexico$609 million · 2.2%
  14. Brazil$599 million · 2.2%
  15. France$490 million · 1.8%
  16. Netherlands$443 million · 1.6%
    re-exports
  17. Canada$424 million · 1.5%
  18. Spain$402 million · 1.5%
  19. South Korea$363 million · 1.3%
  20. Japan$353 million · 1.3%

Trend

Who sells it

South Korea has been the top exporter since 2021

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

  • South Korea 3.2
  • Thailand 2.8
  • United States 2.6
  • Japan 2.3
  • China 2

Source: CEPII BACI

Show the numbers
Country19952024
South Korea0.173.2
Thailand0.032.8
United States1.32.6
Japan0.862.3
China0.042

Price

Implied price

The price per tonne rose 29% since 1995

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

  • 2024: $1,989

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,546
1996$1,540
1997$1,433
1998$1,331
1999$1,220
2000$1,217
2001$1,238
2002$1,217
2003$1,377
2004$1,512
2005$1,769
2006$1,912
2007$2,121
2008$2,577
2009$2,027
2010$2,487
2011$3,270
2012$3,117
2013$2,622
2014$2,475
2015$1,934
2016$1,825
2017$2,024
2018$2,061
2019$1,829
2020$1,590
2021$2,097
2022$2,252
2023$1,937
2024$1,989

What it includes

  • 4002 · Synthetic 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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