International Natural Rubber Exports by Country - Tendata

tendata blogMarket Insights

ten data blog20-06-2024

In 2022, the global export market for natural rubber was valued at US$16.1 billion. This reflects a 21.9% increase from $13.2 billion in 2018. However, year-over-year, natural rubber exports saw a slight decline of 3% from $16.6 billion in 2021.


The top 5 exporters—Thailand, Indonesia, Ivory Coast, Vietnam, and Malaysia—dominated the market, contributing 79.6% of the total global exports of natural rubber in 2022.


From a continental perspective, Asia was the leading exporter, accounting for $12.4 billion or 77.3% of the global market. Africa followed with 14.9%, and Europe with 5.6%. Latin America, excluding Mexico but including the Caribbean, accounted for 1.5%, North America for 0.7%, and Oceania (mainly Papua New Guinea and Australia) for 0.04%.


The Harmonized Tariff System (HTS) code for natural rubber is 4001.


natural rubber exports,exports of natural rubber,global natural rubber exports


Leading Exporters of Natural Rubber

Here are the top 15 countries exporting natural rubber in 2022 by dollar value:

1. Thailand: US$5.1 billion (31.6% of total exports)

2. Indonesia: $3.5 billion (22%)

3. Ivory Coast: $1.9 billion (11.6%)

4. Vietnam: $1.3 billion (7.9%)

5. Malaysia: $1 billion (6.5%)

6. Laos: $407 million (2.5%)

7. Cambodia: $398.4 million (2.5%)

8. Belgium: $366.5 million (2.3%)

9. Myanmar: $261.2 million (1.6%)

10. Guatemala: $212.8 million (1.3%)

11. Ghana: $189.6 million (1.2%)

12. Philippines: $175.6 million (1.1%)

13. Germany: $130.7 million (0.8%)

14. Singapore: $125.6 million (0.8%)

15. Liberia: $112.7 million (0.7%)

These countries accounted for 94.4% of global natural rubber exports in 2022. The fastest-growing exporters from 2021 to 2022 were Laos (up 45.3%), Ghana (up 29.9%), Ivory Coast (up 21%), and the Philippines (up 8.7%). Conversely, Indonesia (down 11.8%), Myanmar (down 9.7%), Thailand (down 7.6%), Liberia (down 5.5%), and Singapore (down 5.3%) experienced declines.


Trade Surpluses in Natural Rubber

The following countries had the highest net exports of natural rubber in 2022:

1. Thailand: US$5.1 billion (net export surplus down 7.6% since 2021)

2. Indonesia: $3.4 billion (down 12.9%)

3. Ivory Coast: $1.9 billion (up 21%)

4. Vietnam: $832.9 million (reversing a $634.4 million deficit)

5. Laos: $405.3 million (up 47.4%)

6. Cambodia: $395.7 million (down 0.3%)

7. Myanmar: $260.7 million (down 9.6%)

8. Guatemala: $209.6 million (down 5.9%)

9. Ghana: $189.3 million (up 42.7%)

10. Philippines: $156.1 million (up 15.1%)

11. Liberia: $104 million (down 7.1%)

12. Ireland: $98.7 million (up 9.4%)

13. Cameroon: $83.3 million (up 43.9%)

14. Nigeria: $59.3 million (up 13.5%)

15. Guinea: $38 million (up 28.6%)

Trade Deficits in Natural Rubber


The following countries had the highest net import deficits for natural rubber in 2022:

1. China: -US$4 billion (net export deficit up 4.6% since 2021)

2. United States: -$2.3 billion (up 10.4%)

3. Japan: -$1.5 billion (up 11.3%)

4. India: -$1 billion (up 8.4%)

5. South Korea: -$717 million (up 16.7%)

6. Turkey: -$634.7 million (up 20.7%)

7. Malaysia: -$601.8 million (down 10%)

8. Brazil: -$453.9 million (up 9.2%)

9. Spain: -$449 million (up 13.7%)

10. Germany: -$447.3 million (up 5%)

11. Italy: -$315.9 million (up 5%)

12. Mexico: -$271.3 million (up 20%)

13. Poland: -$268.7 million (up 14.1%)

14. Canada: -$266.5 million (up 7%)

15. France: -$202.8 million (up 16.4%)

China recorded the largest deficit, highlighting its significant demand for natural rubber, which presents opportunities for exporting countries.


Leading Natural Rubber Exporting Companies

Notable companies in the natural rubber market for 2023, especially in rubber tire manufacturing, include:

1. R M EXPORTS: 17.69%, $11,846.5 million

2. CÔNG TY TNHH VẬT LIỆU GIÀY FULIAN: 12.01%, $8,042.71 million

3. GRP LIMITED: 5.62%, $3,763.28 million

4. PRECISION RUBBERS INDUSTRIES PRIVATE LIMITED: 3.6%, $2,412.31 million

5. WOCO TECH ELASTOMERE NOIDA LIMITED: 2.82%, $1,889.78 million

6. BALKRISHNA INDUSTRIES LIMITED: 2.37%, $1,584.75 million

7. CÔNG TY TNHH TM DV DAE WOON VIỆT NAM: 1.25%, $835.42 million

8. SERVO MED INDUSTRIES PVT LTD: 1.21%, $812.54 million

9. CÔNG TY TNHH BAIKAI INDUSTRY VIỆT NAM: 1.14%, $761.17 million

10. CÔNG TY TNHH JING CHENG: 1.05%, $702.15 million

These companies represent a significant portion of the global rubber tire market, based on data from 2023.


natural rubber exports,exports of natural rubber,global natural rubber exports



Global Market Analysis

Analysis of the Overall Trade Situation and Trends in the Industry

Through its powerful digital platform and in-depth reporting services, Tendata helps users to analyse the overall situation and future trends of the industry, so as to achieve more accurate market positioning and strategic planning.

>>Learn More About Tendata<<

market analysis,marketing analyse,market analyse

Analysis of Specific Product Trade Trends in the Target Market

Tendata can provide comprehensive data support and analytical reports for analysing trade trends for a product in a single market, helping you to understand how that product is being traded in that market and identify business opportunities.

>>Get A Free Demo<<

market analysis,marketing analyse,market analyse


Leave Message for Demo Request or Questions

We always appreciate your visit at tendata.com. We'd love to hear your suggestions, feedback & queries. Please contact us to schedule a demo or learn more about our services. We will respond to your query within 1 working day.

More Popular Blogs

These related articles may also be of interest to you

Geting Price

Global Trade Data Leader
Get Pricing
Demo
tendata
Free Demo
X

'Target Customer
'Acquisition & Intelligent
'Decision-Making

'Global Trade Marketing Intelligent'
Decision-Making SaaS Platform

Welcome Tendata · iTrader

Please fill in the infos to get free demo

Success!

A rep will contact you within 10 minutes to get your demo.If you need a faster answers around features, pricing, etcplease scan to add Whatsapp online customer service.

Scan the QR code or click here for immediate consultation.