Overview: This page contains the latest trade data of Synthetic Rubber. In 2019, Synthetic Rubber were the world's 158th most traded product, with a total trade of $24.4B. Between 2018 and 2019 the exports of Synthetic Rubber decreased by -9.7%, from $27B to $24.4B. Trade in Synthetic Rubber represent 0.13% of total world trade.
Exports: In 2019 the top exporters of Synthetic Rubber were South Korea ($2.76B), United States ($2.37B), Japan ($2.35B), Thailand ($2.19B), and Russia ($1.65B).
Imports: In 2019 the top importers of Synthetic Rubber were China ($6.42B), United States ($1.51B), Germany ($1.21B), Malaysia ($1.19B), and Thailand ($1.04B).
Tariffs: In 2018 the average tariff for Synthetic Rubber was 2.68%, making it the 1166th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Synthetic Rubber are Bahamas (40.3%), Bermuda (25%), Maldives (19.6%), Liberia (18.9%), and Malaysia (12.1%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Synthetic Rubber ranks 205th in the Product Complexity Index (PCI).
Description: Synthetic rubber and factice derived from oils are used in the production of tires, hoses, and belts.