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2022
Exports $2.56BWorld Rnk 4 / 145
Flag Rnk 66 / 1213
2022
Destination $40.6M China
2021 - 2022
FASTEST GROWING MARKET $40.6MUnited States
2022
PRODUCT COMPLEXITY IN Synthetic Rubber0.49Rnk 369 / 1025
2022
Imports $495MWorld Rnk 19 / 209
Flag Rnk 230 / 1214
2022
Origin $60.3M United States
2021 - 2022
FASTEST GROWING ORIGIN $60.3MUnited States
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $2.56B in Synthetic Rubber, making it the 4th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 66th most exported product in Japan. The main destination of Synthetic Rubber exports from Japan are: China ($602M), Thailand ($267M), United States ($264M), India ($173M), and Indonesia ($143M).

The fastest growing export markets for Synthetic Rubber of Japan between 2021 and 2022 were United States ($40.6M), Italy ($24.8M), and India ($21M).

Imports In 2022, Japan imported $495M in Synthetic Rubber, becoming the 19th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 230th most imported product in Japan. Japan imports Synthetic Rubber primarily from: United States ($152M), South Korea ($101M), Singapore ($76.9M), Chinese Taipei ($49.7M), and Thailand ($38.6M).

The fastest growing import markets in Synthetic Rubber for Japan between 2021 and 2022 were United States ($60.3M), Singapore ($16.8M), and South Korea ($9.18M).

COMPANIES In 2023, leading companies such as Goodyear Tire and Rubber (50), Continental Tire (14), and Sumitomo Rubber (10) were at the forefront of shipping Synthetic Rubber from Japan to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Japan's Synthetic Rubber exports accounted up to ¥26.3B and imports accounted up to ¥3.57B, resulting in a positive trade balance of ¥22.7B. Between June 2023 and June 2024 the exports of Japan's   Synthetic Rubber have increased by ¥855M (3.37%) from ¥25.4B to ¥26.3B, while imports decreased by ¥-90.1M (-2.46%) from ¥3.66B to ¥3.57B.

Destinations In June 2024, Synthetic Rubber were exported mostly to China (¥5.81B), Thailand (¥3.25B), United States (¥2.16B), India (¥2.09B), and Indonesia (¥1.68B), and were imported mostly from South Korea (¥1.03B), Singapore (¥653M), Chinese Taipei (¥622M), United States (¥454M), and China (¥285M).

Growth In June 2024, the increase in Synthetic Rubber's year-by-year exports was explained primarily by an increase in exports to Indonesia (¥569M or 54.7%), Chinese Taipei (¥279M or 51%), and Brazil (¥258M or 112%). In June 2024, the decrease in Synthetic Rubber's year-by-year imports was explained primarily by a decrease in imports from South Korea (¥-422M or -31.8%), Thailand (¥-154M or -22.3%), and Chinese Taipei (¥-114M or -20.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)¥855M(3.37%)
IMPORT GROWTH (June 2023 - June 2024)¥-90.1M(-2.46%)
MAIN EXPORTER (June 2024)Kanagawa¥7.96B
MAIN DESTINATION (June 2024)China¥5.81B

This section shows Synthetic Rubber's exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Synthetic Rubber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.56B
IMPORTS (2022)$495M
NET TRADE (2022)$2.07B

In 2022, Japan exported $2.56B in Synthetic Rubber. The main destinations of Japan exports on Synthetic Rubber were China ($602M), Thailand ($267M), United States ($264M), India ($173M), and Indonesia ($143M).

In 2022, Japan imported $495M in Synthetic Rubber, mainly from United States ($152M), South Korea ($101M), Singapore ($76.9M), Chinese Taipei ($49.7M), and Thailand ($38.6M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Synthetic Rubber EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$40.6M (18.2%)
Italy$24.8M (48.5%)
India$21M (13.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Rubber BY Japan WERE (2021 - 2022):
China-$34.2M (-5.37%)
Thailand-$21.7M (-7.53%)
Malaysia-$20.4M (-19.7%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Synthetic Rubber were:
South Korea $3.3B
Thailand $3.04B
United States $2.98B
In 2022, Japan's main importing competitors in Synthetic Rubber were:
China $8.77B
United States $1.96B
India $1.33B

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Trade Value of Synthetic Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $177M
TOP IMPORT POTENTIALChina+ $22.3M

Synthetic Rubber’s highest export potential is China. With an export gap of $177M.   Synthetic Rubber’s highest import potential is China with an import gap of $22.3M.

See methodology.

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