Market and product

In total, natural rubber exports by country amounted to US$16.5 billion in 2014.

That amount represents a 33.2% decline since 2010. More recently, the value of rubber shipments fell by 36.5% from 2013 to 2014.

Among continents, Asian countries accounted for the highest dollar value worth of natural rubber exports during 2014 with Asian shipments valued at $10.9 billion or 85.9% of all natural rubber export sales.

The 4-digit Harmonized Tariff System code prefix for natural rubber is 4001.

Below are the 15 countries that exported the highest dollar value worth of natural rubber during 2014:

Thailand: US$6 billion (36.5% of total rubber exports)

Indonesia: $4.7 billion (28.7%)

Vietnam: $1.4 billion (8.5%)

Malaysia: $1.4 billion (8.4%)

Côte d’Ivoire: $602.7 million (3.6%)

Germany: $324.6 million (2%)

Belgium: $198 million (1.8%)

Guatemala: $182.3 million (1.1%)

Liberia: $162.5 million (1%)

Singapore: $145.7 million (0.9%)

United States: $132 million (0.8%)

Luxembourg: $127.2 million (0.8%)

Myanmar (Burma): $120.8 million (0.7%)

Cameroon: $91.8 million (0.6%)

France: $87.5 million (0.5%)

Leading the decliners was Singapore, with its 63.2% slowdown in the value of its rubber exports from 2010 to 2014. Similarly, Luxembourg’s rubber shipments fell in value by 53.4% while those from Malaysia dropped 51.2%. Myanmar (Burma)’s rubber exporters suffered a 38.1% deterioration.

Only two countries bucked the negative growth trend. Rubber export sales from Belgium rose 125.7% while those from Germany appreciated by 5%.