rubber trade

The rubber trade involves the global buying and selling of natural and synthetic rubber, primarily used in manufacturing items like tires, footwear, and industrial products. Countries with rubber plantations, such as Thailand, Indonesia, and Malaysia, produce raw rubber, which is then exported to manufacturers worldwide. The price of rubber fluctuates based on supply and demand, weather conditions affecting production, and economic factors. The trade plays a crucial role in supporting industries that rely on rubber components, influencing job markets and economies in producing regions and global markets alike.