That dollar amount expanded by 43.3% from $11.1 billion five years earlier from 2020.
Year over year, natural rubber shipments accelerated by 27.4% compared to $12.5 billion starting in 2023.
The five largest exporters are Thailand, Indonesia, Ivory Coast, Vietnam and Malaysia. Collectively, that powerful subgroup of top five international suppliers generated almost four-fifths (79.1%) of worldwide sales for exported natural rubber in 2024.
Among continents, providers in Asian countries exported $11.7 billion worth or 73.4% of international natural rubber sales. Exporters in Africa supplied 19.4% worth of the global total trailed by suppliers in Europe at another 5%.
Accounting for a tinier percentage of exported natural rubber were exporters in Latin America (1.5%) excluding Mexico but including the Caribbean, North America (0.6%), then Oceania led by Papua New Guinea, Norfolk Island and Australia (0.04%).
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 2024.
- Thailand: US$5 billion (31.2% of natural rubber exports)
- Indonesia: $2.9 billion (18.3%)
- Ivory Coast: $2.5 billion (15.5%)
- Vietnam: $1.3 billion (8%)
- Malaysia: $985.8 million (6.2%)
- Cambodia: $595.4 million (3.7%)
- Laos: $397.2 million (2.5%)
- Belgium: $394.3 million (2.5%)
- Ghana: $227.4 million (1.4%)
- Myanmar: $225.6 million (1.4%)
- Guatemala: $185.1 million (1.2%)
- Liberia: $182.4 million (1.1%)
- Philippines: $131.3 million (0.8%)
- Germany: $127.3 million (0.8%)
- United States: $88.5 million (0.6%)
By value, the listed 15 countries shipped 95.2% of total natural rubber exported in 2024.
Among the top exporters, the fastest-growing natural rubber exporters from 2023 to 2024 were: Ghana (up 104.1%), Liberia (up 87.9%), Myanmar (up 87.3%) and Vietnam (up 49.8%).
Those countries that posted the most modest gains in their exported natural rubber sales were led by: United States of America (up 1.9% from 2023), Philippines (up 5.3%), Guatemala (up 6.1%) and Cambodia (up 6.6%).
Searchable List of Natural Rubber Exporting Countries in 2024
By value, the 102 exporters in the following automated database generated 100% of natural rubber shipped worldwide in 2024.
| Rank | Exporter | Natural Rubber Exports | 2023-4 |
|---|---|---|---|
| 1. | Thailand | $4,971,144,000 | +37.3% |
| 2. | Indonesia | $2,904,284,000 | +17.2% |
| 3. | Ivory Coast | $2,457,760,000 | +19.8% |
| 4. | Vietnam | $1,270,524,000 | +49.8% |
| 5. | Malaysia | $985,780,000 | +20.9% |
| 6. | Cambodia | $595,415,000 | +6.6% |
| 7. | Laos | $397,198,000 | +28.2% |
| 8. | Belgium | $394,290,000 | +40.1% |
| 9. | Ghana | $227,418,000 | +104.1% |
| 10. | Myanmar | $225,611,000 | +87.3% |
| 11. | Guatemala | $185,133,000 | +6.1% |
| 12. | Liberia | $182,363,000 | +87.9% |
| 13. | Philippines | $131,288,000 | +5.3% |
| 14. | Germany | $127,257,000 | +30.7% |
| 15. | United States | $88,488,000 | +1.9% |
| 16. | Nigeria | $78,213,000 | +44% |
| 17. | Singapore | $76,734,000 | -2.4% |
| 18. | Cameroon | $74,689,000 | +47.6% |
| 19. | Netherlands | $54,539,000 | +7.4% |
| 20. | France | $51,712,000 | -11.1% |
| 21. | Guinea | $36,135,000 | -12.2% |
| 22. | Hungary | $35,512,000 | +2.1% |
| 23. | Luxembourg | $33,691,000 | -22.2% |
| 24. | mainland China | $32,452,000 | +6% |
| 25. | Sri Lanka | $25,965,000 | -7.4% |
| 26. | Romania | $23,426,000 | -33% |
| 27. | Türkiye | $22,836,000 | +112.1% |
| 28. | Brazil | $22,559,000 | +80.7% |
| 29. | Colombia | $19,632,000 | +50.6% |
| 30. | Poland | $15,755,000 | +0% |
| 31. | Spain | $15,685,000 | +24.2% |
| 32. | South Korea | $15,292,000 | +1352% |
| 33. | Democratic Republic Congo | $11,814,000 | +94.9% |
| 34. | Italy | $10,947,000 | +39.3% |
| 35. | Canada | $9,599,000 | +24.3% |
| 36. | Peru | $8,747,000 | +5655% |
| 37. | India | $8,509,000 | +27.5% |
| 38. | Bangladesh | $7,631,000 | +80.5% |
| 39. | Gabon | $7,521,000 | -62.8% |
| 40. | United Kingdom | $6,605,000 | -2.5% |
| 41. | Czech Republic | $4,736,000 | +26.9% |
| 42. | Slovenia | $4,547,000 | +91.9% |
| 43. | Papua New Guinea | $4,536,000 | +1.3% |
| 44. | Russia | $4,509,000 | +330.7% |
| 45. | Malawi | $4,421,000 | +7.1% |
| 46. | Taiwan | $3,339,000 | +27.4% |
| 47. | Portugal | $3,322,000 | -38.4% |
| 48. | Sweden | $2,508,000 | -0.2% |
| 49. | Slovakia | $2,492,000 | +29.7% |
| 50. | Mexico | $2,409,000 | -13.2% |
| 51. | Serbia | $2,027,000 | +499.7% |
| 52. | Congo | $1,557,000 | 0% |
| 53. | Armenia | $1,295,000 | +463% |
| 54. | Chile | $960,000 | -31.1% |
| 55. | South Africa | $922,000 | -58.8% |
| 56. | Norfolk Island | $870,000 | 0% |
| 57. | Switzerland | $732,000 | -6.3% |
| 58. | Denmark | $703,000 | -94.8% |
| 59. | Australia | $619,000 | -8.6% |
| 60. | Ecuador | $592,000 | +14700% |
| 61. | Austria | $581,000 | -27.5% |
| 62. | Saudi Arabia | $524,000 | -55.8% |
| 63. | Japan | $506,000 | +65.9% |
| 64. | Egypt | $476,000 | -89.9% |
| 65. | Libya | $429,000 | 0% |
| 66. | Lithuania | $361,000 | -36.7% |
| 67. | Israel | $334,000 | +54.6% |
| 68. | Panama | $308,000 | -8.3% |
| 69. | United Arab Emirates | $305,000 | -84% |
| 70. | Greece | $276,000 | -86% |
| 71. | Chad | $267,000 | 0% |
| 72. | Estonia | $247,000 | -59.4% |
| 73. | Kazakhstan | $223,000 | +159.3% |
| 74. | Costa Rica | $180,000 | 0% |
| 75. | Mozambique | $173,000 | +35.2% |
| 76. | Hong Kong | $160,000 | -28.6% |
| 77. | Norway | $141,000 | -8.4% |
| 78. | Finland | $95,000 | -96.4% |
| 79. | Ukraine | $71,000 | +7000% |
| 80. | Zambia | $51,000 | -55.3% |
| 81. | Bulgaria | $39,000 | -11.4% |
| 82. | Tanzania | $29,000 | -3.3% |
| 83. | Kenya | $24,000 | 0% |
| 84. | Honduras | $23,000 | -14.8% |
| 85. | Iceland | $15,000 | -28.6% |
| 86. | Kuwait | $14,000 | -53.3% |
| 87. | Ireland | $12,000 | -99.8% |
| 88. | Jordan | $11,000 | -52.2% |
| 89. | Pakistan | $9,000 | -91.3% |
| 90. | Sierra Leone | $8,000 | -38.5% |
| 91. | Namibia | $7,000 | 0% |
| 92. | Croatia | $7,000 | -69.6% |
| 93. | Iran | $5,000 | 0% |
| 94. | Latvia | $2,000 | -33.3% |
| 95. | New Zealand | $2,000 | 0% |
| 96. | Trinidad/Tobago | $2,000 | 0% |
| 97. | Venezuela | $1,000 | -90% |
| 98. | Micronesia | $1,000 | 0% |
| 99. | Morocco | $1,000 | -90.9% |
| 100. | Lebanon | $1,000 | -93.3% |
| 101. | Azerbaijan | $1,000 | 0% |
| 102. | Central African Republic | $1,000 | 0% |
Widening our scope to all natural rubber exporters, the fastest growers from 2023 to 2024 were Ecuador (up 14,700%), Ukraine (up 7,000%), Peru (up 5,655%), South Korea (up 1,352%) and Serbia (up 499.7%).
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 2023 data was available.
Countries Earning Largest Trade Surpluses from Natural Rubber
The following countries posted the highest positive net exports for natural rubber during 2024. 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 billion (net export surplus up 37% since 2023)
- Indonesia: $2.8 billion (up 18.6%)
- Ivory Coast: $2.5 billion (up 19.8%)
- Cambodia: $501.5 million (down -8.4%)
- Vietnam: $491.4 million (reversing a -$333.9 million deficit)
- Laos: $396.4 million (up 30.6%)
- Ghana: $227.4 million (up 105.9%)
- Myanmar: $224.9 million (up 87.4%)
- Guatemala: $185 million (up 6.3%)
- Liberia: $182.4 million (up 118.2%)
- Belgium: $164.9 million (up 91.8%)
- Philippines: $103.9 million (down -4.6%)
- Nigeria: $76 million (up 52%)
- Cameroon: $74.7 million (up 47.7%)
- Guinea: $36.1 million (down -12.1%)
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 2024. 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.
- mainland China: -US$3.9 billion (net export deficit up 10.8% since 2023)
- United States: -$1.7 billion (up 24.4%)
- Japan: -$1.3 billion (up 31.1%)
- India: -$1.1 billion (up 48.7%)
- Malaysia: -$677.5 million (up 53.2%)
- South Korea: -$570.6 million (up 39%)
- Türkiye: -$470.5 million (up 22.7%)
- Spain: -$339.8 million (up 21.5%)
- Germany: -$327.8 million (up 12.3%)
- Brazil: -$257.7 million (up 11.4%)
- Italy: -$248.7 million (up 27.5%)
- Mexico: -$244.5 million (up 31.5%)
- Canada: -$223.5 million (up 21.5%)
- Poland: -$210.7 million (up 6.2%)
- Czech Republic: -$204.2 million (up 40.9%)
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 2020.
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 July 27, 2025
Global Rubber Markets (GRM), Bridgestone ranks as world’s top tire producer again (September 8, 2020). Accessed on July 27, 2025
International Trade Centre, Trade Map. Accessed on July 27, 2025
Investopedia, Net Exports Definition. Accessed on July 27, 2025
Wikipedia, Natural rubber. Accessed on July 27, 2025
Zepol’s company summary highlights by HTS code. Accessed on July 27, 2025