That dollar amount results from an average 21.9% increase in value from $13.2 billion in 2018.
Year over year, natural rubber shipments depreciated by -3% compared to $16.6 billion during 2021.
The 5 largest exporters are Thailand, Indonesia, Ivory Coast, Vietnam and Malaysia. Collectively, that powerful subgroup of top 5 international suppliers generated about four-fifths (79.6%) of worldwide sales for exported natural rubber in 2022.
Among continents, providers in Asian countries exported $12.4 billion worth or 77.3% of international natural rubber sales. African exporters supplied 14.9% worth of the global total trailed by European suppliers at another 5.6%.
Accounting for a tinier percentage of exported natural rubber were suppliers in Latin America (1.5%) excluding Mexico but including the Caribbean, North America (0.7%), then Oceania (0.04%) mostly Papua New Guinea and Australia.
For research purposes, the 4-digit Harmonized Tariff System code prefix for natural rubber is 4001.
Natural Rubber Exports by Country
Below are the 15 countries that exported the highest dollar value worth of natural rubber during 2022.
- Thailand: US$5.1 billion (31.6% of natural rubber exports)
- Indonesia: $3.5 billion (22%)
- Ivory Coast: $1.9 billion (11.6%)
- Vietnam: $1.3 billion (7.9%)
- Malaysia: $1 billion (6.5%)
- Laos: $407 million (2.5%)
- Cambodia: $398.4 million (2.5%)
- Belgium: $366.5 million (2.3%)
- Myanmar: $261.2 million (1.6%)
- Guatemala: $212.8 million (1.3%)
- Ghana: $189.6 million (1.2%)
- Philippines: $175.6 million (1.1%)
- Germany: $130.7 million (0.8%)
- Singapore: $125.6 million (0.8%)
- Liberia: $112.7 million (0.7%)
By value, the listed 15 countries shipped 94.4% of all natural rubber exported in 2022.
Among the top exporters, the fastest-growing natural rubber exporters from 2021 to 2022 were: Laos (up 45.3%), Ghana (up 29.9%), Ivory Coast (up 21.0%) and the Philippines (up 8.7%).
Leading suppliers that posted declines in their exported natural rubber sales were: Indonesia (down -11.8% from 2021), Myanmar (down -9.7%), Thailand (down -7.6%), Liberia (down -5.5%) and Singapore (down -5.3%).
Searchable List of Natural Rubber Exporting Countries in 2022
By value, the 102 exporters in the following automated database generated 100% of natural rubber shipped worldwide in 2022.
| Rank | Exporter | Natural Rubber Exports | 2021-2 |
|---|---|---|---|
| 1. | Thailand | $5,090,906,000 | -7.6% |
| 2. | Indonesia | $3,544,961,000 | -11.8% |
| 3. | Ivory Coast | $1,862,319,000 | +21% |
| 4. | Vietnam | $1,265,766,000 | +5% |
| 5. | Malaysia | $1,046,908,000 | -5.1% |
| 6. | Laos | $406,984,000 | +45.3% |
| 7. | Cambodia | $398,388,000 | -0.2% |
| 8. | Belgium | $366,510,000 | +3.3% |
| 9. | Myanmar | $261,205,000 | -9.7% |
| 10. | Guatemala | $212,806,000 | -4.8% |
| 11. | Ghana | $189,610,000 | +29.9% |
| 12. | Philippines | $175,639,000 | +8.7% |
| 13. | Germany | $130,666,000 | +1.3% |
| 14. | Singapore | $125,603,000 | -5.3% |
| 15. | Liberia | $112,683,000 | -5.5% |
| 16. | Ireland | $101,209,000 | +9.5% |
| 17. | United States | $92,570,000 | +4.4% |
| 18. | France | $92,213,000 | -28.6% |
| 19. | Cameroon | $84,164,000 | +45.2% |
| 20. | Nigeria | $64,363,000 | +12.7% |
| 21. | Netherlands | $56,911,000 | -22.5% |
| 22. | China | $48,157,000 | -8.7% |
| 23. | Sri Lanka | $41,375,000 | -8.6% |
| 24. | Guinea | $38,157,000 | +29% |
| 25. | Romania | $29,601,000 | -15.7% |
| 26. | Poland | $22,650,000 | +21.3% |
| 27. | Denmark | $20,035,000 | +31.5% |
| 28. | Spain | $16,071,000 | +14.1% |
| 29. | Colombia | $14,840,000 | -25.1% |
| 30. | Gabon | $12,460,000 | +23.8% |
| 31. | Egypt | $11,458,000 | +9% |
| 32. | Italy | $11,263,000 | -34.5% |
| 33. | Democratic Rep. Congo | $9,245,000 | +78.1% |
| 34. | Mexico | $7,981,000 | +227.1% |
| 35. | Canada | $7,572,000 | -33.5% |
| 36. | Slovakia | $7,190,000 | -7.4% |
| 37. | United Kingdom | $6,795,000 | -23.8% |
| 38. | Luxembourg | $6,518,000 | -84.5% |
| 39. | Hungary | $6,306,000 | -83.1% |
| 40. | Taiwan | $6,191,000 | -18.2% |
| 41. | Brazil | $5,916,000 | +37.1% |
| 42. | Finland | $5,814,000 | +831.7% |
| 43. | South Korea | $5,371,000 | +27.9% |
| 44. | Papua New Guinea | $5,235,000 | -10.8% |
| 45. | India | $4,830,000 | -55.5% |
| 46. | Czech Republic | $4,775,000 | -40.6% |
| 47. | Portugal | $4,516,000 | -36.4% |
| 48. | Serbia | $4,504,000 | +90.5% |
| 49. | Malawi | $4,292,000 | -5% |
| 50. | Bangladesh | $4,053,000 | -29.9% |
| 51. | Türkiye | $3,323,000 | -48.6% |
| 52. | Lithuania | $3,053,000 | +4026% |
| 53. | Sweden | $3,045,000 | -14.8% |
| 54. | Saudi Arabia | $2,919,000 | +1970% |
| 55. | South Africa | $2,843,000 | -18.4% |
| 56. | Chile | $2,470,000 | +295.2% |
| 57. | Russia | $2,110,000 | +13.9% |
| 58. | Slovenia | $1,359,000 | -2.9% |
| 59. | Greece | $1,216,000 | +13.9% |
| 60. | Austria | $1,053,000 | +63.8% |
| 61. | Hong Kong | $902,000 | -83.4% |
| 62. | Switzerland | $832,000 | -10.2% |
| 63. | Australia | $723,000 | -24.3% |
| 64. | Equatorial Guinea | $672,000 | +860% |
| 65. | Congo | $651,000 | 0% |
| 66. | Ecuador | $592,000 | -47% |
| 67. | Estonia | $566,000 | +859.3% |
| 68. | Japan | $431,000 | -42.1% |
| 69. | Peru | $396,000 | +153.8% |
| 70. | Panama | $314,000 | +7.2% |
| 71. | Honduras | $268,000 | +1477% |
| 72. | US Minor Outlying Is | $221,000 | -84.1% |
| 73. | Bulgaria | $169,000 | -73.5% |
| 74. | Zimbabwe | $113,000 | 0% |
| 75. | Iran | $86,000 | -84.6% |
| 76. | Israel | $78,000 | -57.6% |
| 77. | Tanzania | $74,000 | -55.7% |
| 78. | Norway | $70,000 | -61.3% |
| 79. | Pakistan | $61,000 | +238.9% |
| 80. | Tunisia | $50,000 | -75.1% |
| 81. | Venezuela | $35,000 | 0% |
| 82. | Belarus | $35,000 | -94.1% |
| 83. | Dominican Republic | $26,000 | +188.9% |
| 84. | Guinea-Bissau | $18,000 | 0% |
| 85. | United Arab Emirates | $16,000 | -96.9% |
| 86. | Namibia | $15,000 | +650% |
| 87. | Costa Rica | $9,000 | 0% |
| 88. | Croatia | $7,000 | -92.3% |
| 89. | Jordan | $7,000 | 0% |
| 90. | Kazakhstan | $6,000 | +20% |
| 91. | Bahrain | $5,000 | +66.7% |
| 92. | Uganda | $5,000 | 0% |
| 93. | Kenya | $4,000 | -76.5% |
| 94. | Iceland | $3,000 | -70% |
| 95. | Ukraine | $3,000 | -97.1% |
| 96. | Pitcairn | $2,000 | 0% |
| 97. | Mali | $2,000 | -99.5% |
| 98. | Morocco | $2,000 | 0% |
| 99. | Lebanon | $2,000 | 0% |
| 100. | Cyprus | $2,000 | 0% |
| 101. | Bosnia/Herzegovina | $1,000 | 0% |
| 102. | New Zealand | $1,000 | -94.1% |
Focusing on all natural rubber exporters, the fastest growers from 2021 to 2022 were Lithuania (up 4,026%), Saudi Arabia (up 1,970%), Honduras (up 1,477%), Equatorial Guinea (up 860%), Estonia (up 859.3%) and Finland (up 831.7%).
You can change the presentation order by clicking the triangle icon at the top of any of the columns in the above table. An entry of 0% in the right-most column means that no 2021 data was available.
Countries Earning Largest Trade Surpluses from Natural Rubber
The following countries posted the highest positive net exports for natural rubber during 2022. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s natural rubber exports and its import purchases for that same commodity.
- Thailand: US$5.1 billion (net export surplus down -7.6% since 2021)
- Indonesia: $3.4 billion (down -12.9%)
- Ivory Coast: $1.9 billion (up 21%)
- Vietnam: $832.9 million (reversing a -$634.4 million deficit)
- Laos: $405.3 million (up 47.4%)
- Cambodia: $395.7 million (down -0.3%)
- Myanmar: $260.7 million (down -9.6%)
- Guatemala: $209.6 million (down -5.9%)
- Ghana: $189.3 million (up 42.7%)
- Philippines: $156.1 million (up 15.1%)
- Liberia: $104 million (down -7.1%)
- Ireland: $98.7 million (up 9.4%)
- Cameroon: $83.3 million (up 43.9%)
- Nigeria: $59.3 million (up 13.5%)
- Guinea: $38 million (up 28.6%)
World-leader Thailand generated the highest surplus in the international trade of natural rubber. In turn, this positive cashflow confirms Thailand’s strong competitive advantage under this specific resource category.
Countries Facing Worst Trade Deficits from Natural Rubber
The following countries posted the highest negative net exports for natural rubber during 2022. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s natural rubber import purchases and its exports for that same commodity.
- China: -US$4 billion (net export deficit up 4.6% since 2021)
- United States: -$2.3 billion (up 10.4%)
- Japan: -$1.5 billion (up 11.3%)
- India: -$1 billion (up 8.4%)
- South Korea: -$717 million (up 16.7%)
- Türkiye: -$634.7 million (up 20.7%)
- Malaysia: -$601.8 million (down -10%)
- Brazil: -$453.9 million (up 9.2%)
- Spain: -$449 million (up 13.7%)
- Germany: -$447.3 million (up 5%)
- Italy: -$315.9 million (up 5%)
- Mexico: -$271.3 million (up 20%)
- Poland: -$268.7 million (up 14.1%)
- Canada: -$266.5 million (up 7%)
- France: -$202.8 million (up 16.4%)
Mainland China recorded the highest deficit in the international trade of natural rubber. In turn, this negative cashflow highlights China’s strong competitive disadvantage for this specific resource category but also signals opportunities for natural rubber-supplying countries that help satisfy the powerful demand of Chinese manufacturers.
Natural Rubber Exporting Companies
Below are rubber manufacturing companies that dominate the worldwide rubber trade, with a focus on rubber tire makers.
- Bridgestone Corp (Japan)
- Michelin (France)
- Goodyear (United States)
- Continental A.G. (Germany)
- Pirelli & C. S.p.A. (Italy)
- Sumitomo Rubber Industries Ltd. (Japan)
- Hankook Tire Co. Ltd. (South Korea)
- Yokohama Rubber Co. Ltd. (Japan)
- Maxxis International/Cheng Shin Rubber Industrial Co. Ltd. (Taiwan)
- Zhongce Rubber Group Co. Ltd. (China)
These 10 companies accounted for almost two-thirds of worldwide rubber tire sales based on data from 2018.
According to global trade intelligence firm Zepol, the following companies are also important players in the rubber industry.
- PT PP London Sumatra Indonesia TBK (Indonesia)
- Lee Rubber (Malaysia)
- Transityre (France)
See also Natural Rubber Imports by Country, Thailand’s Top 10 Exports, Thailand’s Top Trading Partners, Indonesia’s Top 10 Exports and Indonesia’s Top Trading Partners
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on September 4, 2023
Global Rubber Markets (GRM), Bridgestone ranks as world’s top tire producer again (September 8, 2018). Accessed on September 4, 2023
International Trade Centre, Trade Map. Accessed on September 4, 2023
Investopedia, Net Exports Definition. Accessed on September 4, 2023
Wikipedia, Natural rubber. Accessed on September 4, 2023
Zepol’s company summary highlights by HTS code. Accessed on September 4, 2023