The rubber manufacturing industries used to manufacture rubber from petroleum-based products or its natural sap rubber-derived polymers. For its rapidly increasing global demand, the highly sought global commodity is divided into 2 different categories natural and synthetic, the natural ones are extracted from the latex of trees like heavy brasiliensis, and the synthetic ones are manufactured from petroleum-based products. At present the production of synthetic rubber is dominating the natural one’s production rate as the products formed are the replicas of the natural ones with the same elasticity and durability.

The discovery of this highly useful commodity dates back to ancient years in the Mesoamerican region., people there used to collect the sap from rubber trees for waterproof clothing from where the product has been discovered. Due to the rising global demand for rubber, the global consumption rate of this product has increased at a rate of 20% i.e. 35.9 million metric tons from the past consecutive years.

Top Importer of Rubber 2023

As the latex rubber serves a variety of industries at a global rate, people now are inducing more of its products in their livelihood which leads to a higher rate of import of this highly sought commodity. The rubber industry has been significantly growing over the past few years. According to the Rubber Global Trade Data, the top 10 importers of rubber with trade values of 2023 are discussed below,

1. China – According to the China Import Data, the total import trade value of rubber in China 2023 – 27 billion US dollars.

2. United States – According to the USA Import Data, the total import trade value of rubber in the United States in 2023 – is 11 billion US dollars.

3. India – According to the India Import Data, the total import trade value of rubber in India 2023 – 6 billion US dollars.

4. Germany – According to the German Import Data, the total import trade value of rubber in Germany 2023 – 5 billion US dollars.

5. Japan – According to the Japan Import Data, the total import trade value of rubber in Japan 2023 – 4 billion US dollars.

6. South Korea – According to the South Korean Import Data, the total import trade value of rubber in South Korea in 2023 – 3 billion US dollars.

7. Italy – According to the Italy Import Data, the total import trade value of rubber in Italy 2023 – 2 billion US dollars.

8. France – According to the France Import Data, the total import trade value of rubber in France 2023 – 1.5 billion US dollars.

9. Thailand – According to the Thailand Import Data, the total import trade value of rubber in Thailand 2023 – 1 billion US dollars.

10. Brazil – According to the Brazil Import Data, the total import trade value of rubber in Brazil 2023 – 800 million US dollars.

Top Exporter of Rubber 2023

The analysis of the trade statistics of globally sought commodities has mentioned that the rubber export growth rate has been increasing at a rate of 4% for the past consecutive years. The rapid development of the manufacturing industries has made some countries play a significant role. As per the Global Rubber Export Data, the top 10 exporters of rubber with a trade value of 2023 are discussed below,

1. Thailand – As per the Thailand Export Data, the total export trade value of rubber in Thailand 2023 – 7 billion US dollars.

2. Indonesia – As per the Indonesia Export Data, the total export trade value of rubber in Indonesia 2023 – 6 billion US dollars.

3. Vietnam – As per the Vietnam Export Data, the total export trade value of rubber in Vietnam 2023 – 4 billion US dollars.

4. Malaysia – As per the Malaysia Export Data, the total export trade value of rubber in Malaysia 2023 – 3 billion US dollars.

5. China – As per the China Export Data, the total export trade value of rubber in China 2023 – 2.5 billion US dollars.

6. Uganda – As per the Uganda Export Data, the total export trade value of rubber in Uganda 2023 – 2 billion US dollars.

7. India – As per the India Export Data, the total export trade value of rubber in India 2023 – 1.5 billion US dollars.

8. Cote d’ Ivoire – As per the Cote d’ Ivoire Export Data, the total export trade value of rubber in Cote d’ Ivoire 2023 – 1 billion US dollars.

9. Cambodia – As per the Cambodia Export Data, the total export trade value of rubber in Cambodia 2023 – 800 million US dollars.

10. Russia – As per the Russia Export Data, the total export trade value of rubber in Russia 2023 – 700 million US dollars.

Top Leading Rubber Producers of 2023

The globally increased demand for this essential raw material has indulged many countries in inducing this product as one of the main exports to cater to the global demands. As per the Global Rubber Customs Data, the total trade value of the leading producers of rubber in 2023 is discussed below,

1. Bridgestone Corporation – Based in Tokyo – Total trade value of 2023 – 35 billion US dollars.

2. Michelin Group – Based in Michelin – Total trade value of 2023 – 26 billion US dollars.

3. Goodyear Tire and rubber company – Based in the United States – Total trade value of 2023 – 18 billion US dollars.

4. Continental AG – Based in Germany – Total trade value of 2023 – 16 billion US dollars.

5. LG Chem – Based in South Korea – Total trade value of 2023 – 10 billion US dollars.

6. Sasol Limited – Based in South Africa – Total trade value of 2023 – 9 billion US dollars.

7. JSR Corporation - Based in Japan – Total trade value of 2023 – 8 billion US dollars.

8. Versalis SPA - Based in Italy – Total trade value of 2023 – 7 billion US dollars.

9. Sumitomo Rubber Industries Ltd – Based in Japan – Total trade value of 2023 – 6 billion US dollars.

10. China National Petroleum Corporation – Based in China – Total trade value of 2023 – 5 billion US dollars.

FAQ’s

Que. What is the global consumption rate of Rubber in 2023?
Ans. The global consumption rate of rubber in 2023 is 35.9 million metric tons.

Que. Name the top exporter of rubber.
Ans. Thailand is the top exporter of rubber.

Que. Where can you get a detailed trade analysis of Global Rubber Trade?
Ans. At Import Globals, you can get a detailed trade analysis of the global rubber trade.

www.importglobals.com ; info@importglobals.com