NBR: Jul Japan’s Exports Fell While South Korea’s Rose
Introduction: Japan and South Korea are major export countries of NBR around the world. According to data released in July 2025, the NBR export volume from Japan dropped while that from South Korea increased.
July Export Volume Review:
According to data released by Japan Customs, in July 2025, Japan’s NBR export volume was 3,850mt, down 9.55% MoM and 27.75% YoY. Japan’s total export volume from January to July was 26,425mt, down 3.2% YoY. According to data released by Korea Customs Service, South Korea exported 14,326mt of NBR in July 2025, up 35.59% MoM and 40.41% YoY. South Korea’s total export volume from January to July was 80,264mt, up 7.08% YoY.
In terms of Japan’s export trade partners, China, the U.S., and India were the top three export destinations in July 2025. Japan’s export volume of NBR to China was 1,194mt, down 33.17% MoM and 12.90% YoY; That to the U.S. was 636mt, up 4.74% MoM but down 65.46% YoY; That to India was 507mt, down 29.21% MoM and 12.65% YoY.
In terms of South Korea’s export trade partners, China, India, and Italy were the top three export destinations in July 2025. South Korea’s export volume of NBR to China was 3,915mt, up 33.59% MoM and 182.65% YoY; That to India was 2,559mt, up 61.07% MoM and 59.19% YoY; That to Italy was 1,128mt, up 66.67% MoM and 123.75% YoY.
From the perspective of China’s market, according to SCI, China imported NBR from Japan at the price of $2,750-2,850/mt, and from South Korea at the price of $1,800-1,830/mt. In July, some shipment prices declined, attracting domestic importers to enter the market to purchase.
August Export Volume Forecast:
Looking ahead to August, in South Korea, NBR pieces may remain stable. Downstream demand in some markets will possibly be tepid. Due to the high export volume in July, South Korea’s export volume in August will probably drop. In Japan, shipload prices may see limited change. However, the spot supply of partial grades may not be high. Japan’s export volume is likely to remain around 4,000mt.
All information provided by SCI is for reference only, which shall not be reproduced without permission.
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