China's Rubber Imports Increased By 5.209 Million Tons Compared With Last Year

- Nov 12, 2020-

Due to the epidemic, the demand for rubber gloves has skyrocketed, leading to high profits in latex production at home and abroad. The rubber glove industry has become the mainstay of natural rubber consumption. The consumption of rubber gloves is as high as 34,016 tons, accounting for 75.2% of domestic consumption.


On November 7, 2020, the General Administration of Customs released the latest rubber import data. The data shows that China imported 671,000 tons of natural and synthetic rubber (including latex) in October 2020, a year-on-year increase of 34.2%. Since the second half of the year, my country's natural rubber and synthetic rubber imports have continued to rise. This is inseparable from the continuous recovery of the national economy after the epidemic has been effectively controlled. It is expected that rubber imports will continue to increase in November.


In September 2020, China's natural rubber and synthetic rubber imports increased to 866,000 tons, a year-on-year increase of 58.6%; China's natural rubber and synthetic rubber imports increased to 699,000 tons in August 2020, a year-on-year increase of 29.9%; July 2020 China's natural rubber and synthetic rubber imports increased to 677,000 tons, a year-on-year increase of 22.4%.


From January to October 2020, China imported a total of 6.044 million tons of natural rubber and synthetic rubber (including latex), an increase of 16% from the 5.209 million tons in the same period in 2019. The data shows that my country's natural rubber and synthetic rubber imports were 534,000 tons in June 2020, an increase of 21.1% year-on-year; my country's natural rubber and synthetic rubber imports declined slightly before June 2020.


In May 2020, my country’s natural rubber and synthetic rubber imports were 441,000 tons, a year-on-year decrease of 13% and a year-on-year decrease of 25.7%; my country’s natural and synthetic rubber imports in April were 499,000 tons, a year-on-year decrease of 10.4%; my country’s natural rubber in March The import volume of rubber and synthetic rubber was 602,000 tons, a year-on-year increase of 3.6%; from January to February 2020, my country's natural rubber and synthetic rubber imports were 5.196 million tons, a year-on-year decrease of 5.5%.