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5 Investment Mistakes you Should Avoid

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Investing can be a fantastic way to grow your wealth, but it’s important to avoid common mistakes that can jeopardize your financial goals. Here are five investment mistakes you should avoid:

Failing to Diversify your Portfolio

One of the biggest flaws investors make is not diversifying their portfolios. This means investing in various asset classes, such as bonds, stocks, real estate, and cash. By diversifying your whole portfolio, you can spread the risk and increase the chances of making a profit. Online stock trading platforms make it easy to diversify your portfolio, as you can buy and sell various assets with just a few clicks.

Not having a Clear Investment Strategy

Before you start investing, it’s important to have a clear investment strategy in place. This means setting specific financial goals, determining your risk tolerance, and deciding on the investments that align with your goals and risk tolerance. For example, your financial goals include saving for retirement, buying a home, or funding your children’s education.

On the other hand, your risk tolerance refers to your willingness to take on risk in pursuit of potential returns. However, it’s important to be honest about your risk tolerance, as taking on too much risk can lead to significant losses.

Once you clearly understand your financial goals and risk tolerance, you can start determining the types of investments that are right for you. For example, this might include a mix of stocks, bonds, real estate, and cash.

Chasing Returns

It’s natural to want to invest in assets that have performed well in the past, but it’s important to remember that past performance is not indicative of future results. Chasing returns can lead to impulsive investment decisions and increase your risk of losing money. Instead of chasing returns, focus on building a diversified portfolio and sticking to your investment strategy.

One way to avoid chasing returns is to invest for the long term. Holding onto your investments for an extended period can ride out market fluctuations and increase your chances of making a profit. It’s also important to be disciplined and avoid knee-jerk reactions to short-term market movements.

Investing Too Much in your Employer’s Stock

It’s understandable to want to invest in the company you work for, but it’s important not to have too much of your portfolio concentrated in your employer’s stock. If the company faces financial challenges or the industry experiences a downturn, your entire portfolio could be negatively impacted. Online stock trading platforms allow you to easily diversify your portfolio and minimize the risk of having too much of your wealth tied to a single company.

Man using calculator

Not Keeping an Eye on your Investments

Investing is not a passive activity – it requires ongoing monitoring and management. This means staying up-to-date on your investments, reviewing your portfolio regularly, and making adjustments as needed. By keeping an eye on your investments, you can ensure that your portfolio is aligned with your investment strategy and financial goals.

According to SoFi experts, “A secure platform ensures that your holdings are safe against fraud and theft.”

Investing can be a great way to grow your wealth, but it’s essential to avoid common mistakes that can jeopardize your financial goals. These include failing to diversify your portfolio, not having a clear investment strategy, chasing returns, investing too much in your employer’s stock, and not keeping an eye on your investments. By avoiding these mistakes and using online stock trading platforms, you can increase your chances of achieving your financial objectives.

How Do I Release Some of the Equity in My House?

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It is common for homeowners aged 55+ to use equity release as a way to improve their financial situation and it can certainly be a good option. Equity release involves unlocking the value of your home that you don’t pay any mortgage on which could then be used for any reason whether this is improving the home, going traveling, or simply improving your financial health.

Remortgaging to Release Equity

The most common form of equity release is a mortgage that is not paid off until you die, but of course this does mean that there will be less for loved ones to inherit (unless the cash is used to increase the value of the property). Homeowners often borrow against their equity by remortgaging to get a cash lump sum which is known as remortgaging to release equity, which you can do either by speaking to your current mortgage provider or remortgaging with a new lender.

How Much Equity to Release?

If you decide that equity release is the best option for your circumstances then you will want to know how much equity you can and should release. The quickest and easiest way to do this is with an equity release calculator, which simply involves entering basic details such as your property value and age for instant results. Keep in mind that there will be various other fees that you will need to cover in addition to the cost of interest, so it is always important to take your time with the decision.

Considerations

You will need to weigh up the cost of remortgaging against the value of your equity, which will involve working out what the current value of the property is and how much mortgage you still owe. You need to consider much your home has increased in value, but keep in mind that there is no guarantee that property prices will continue to rise in the future. Obviously, you also need to make sure that you can take on the additional monthly outgoings without it making it too difficult to manage.

Seeking Advice

As you can see, there is a lot to think about when it comes to equity release and it is not always the best option for homeowners. The best step to take is to speak to an independent mortgage broker or a financial advisor with an equity release qualification and they will be able to offer expert advice, answer any questions that you have, and find the best deal.

Equity release can be a smart move for many homeowners and the best way to improve your financial situation, but there are also risks and many considerations to take on board so it needs to be a decision that is carefully thought through and you should always consider your alternators and seek expert advice.

The Importance of Diversification in Trading

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When you get started as a financial market trader, it’s advised that you focus your attention on a single market and select-few assets within this space.

While this is sound guidance (particularly when entering diverse marketplaces such as the foreign exchange), it also goes against the underlying importance of diversification within any successful investment portfolio.

But what exactly is diversification, and how can you look to successfully diversify your financial interests over time?

What is Diversification and Why is it Important?

The term ‘diversification’ is a relatively simple and self-explanatory one, which refers to a basic management strategy that blends different investments and asset classes within a single portfolio.

Utilised by fund managers and individual investors alike, it’s underpinned by the idea that a broad and carefully structured variety of investments will yield a noticeably higher return, while simultaneously minimising the risk and exposure associated with individual marketplaces.

Minimising exposure to a single stock, market or investment option is central to the appeal of diversification, as this can pose the biggest threat to your capital holdings over time.

This is because it fundamentally minimises the impact of a bad trade or outcome, especially when used in conjunction with stop loss measures available through platforms such as the MetaTrader 4 provided by Oanda.

Sure, this can also impact negatively on returns in some instances, the use of insight and data can ensure that it’s more likely to cut risk and enable you to cope in innately volatile markets.

So, although diversification does require you to trade profitability against risk in most instances, it ultimately optimises the risk-reward balance associated with your portfolio as it continues to evolve over time.

How to Successfully Diversify Your Investment Portfolio

As we’ve already touched upon, you’re best served by investing in a minimal number of stocks and markets when starting out.

However, you can still look to begin the process of diversification naturally as a new investor, before continuing to scale your efforts in line with profit and experience over time.

An excellent way to achieve this is to invest in derivative assets such as exchange traded funds (ETFs) or index funds, which effectively act as baskets of different stocks and instantly diversify your portfolio.

You can trade specific stock indexes through ETFs, for example, affording you access to specific groupings of assets that are categorised by factors such as industry and their country of origin (think of the Nasdaq 100 and Germany’s DAX30, for example).

When branching out, you should also target investments with variable risks and rates of return, with a view to ensuring that your portfolio is ideally balanced at any given time.

The key is to balance your risk-reward proposition in line with your outlook, while focusing slightly more on rates or return as a younger investor who can capitalise directly on compound returns.

The 3 Major Tips to Pass CCNA 200-301 Exam

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Cisco is a company that manufactures and sells IT tools for networking to the whole world. They also offer training and certifications to different people to improve their skills and career through different exams. It is a point that these exams are tough and one needs to be very devoted and diligent to become a certified professional by Cisco, and the ccna 200 301 exam is one of those which is hard to pass but not impossible. All you need is readiness, willingness, preparedness, enthusiasm, and hard work.

It is an exam by passing which you will be called a certified of Networking, Automation, and Security. Therefore, if you are willing to enhance your career and appear as a bright star in your company then you must set yourself for CCNA 200-301 exam this year.

In this post, we are focused to tell you 3 major tips to pass this exam, so let us get started.

3 tips to Pass the CCNA 200-301 Exam

As per professionals’ reviews, the ccna exam is a very well-balanced exam that takes all the topics under one roof for testing the students. You will be able to learn new things rather than walking along with the old stuff. Innovations in wireless systems and security systems are introduced by Cisco to keep the professionals updated about the whole networking stuff.

We have researched and brought 3 tips for you to help you pass the ccna 200-301 exam:

Get focused Study Stuff

Focused and well-developed study stuff will drag you from raw to polish. You can avail data and information from variable resources on the internet, online libraries, and physical libraries. Textbooks and notes are available with different companies that help you train for the Cisco certification especially ccna 200-301. They help you by providing 200 301 dumps, handouts, and some also offer lab equipment for security. As lab assessment for security topics is included in the ccna exam content.

A well-known name in the provision of A to Z support to the professional for preparation of exam and guarantee the success is Spoto. They also give away ccna 200 301 dumps and other useful equipment and textbooks to aid students’ preparation. Tutors are also there to assist the students all time when they need assistance.

Build a Community

Do not get panic that how do people get prepared for the ccna exam? How do they get study material? How do they get access to the training sources? Or how do they score high in the exam? The answer is simple, just aim to build a strong community.

Search for the people who are also willing or preparing for this exam. Study the course material together through online meetings or physical meetings. Like this, you will be able to share thoughts and resources that you use with each other. Sharing about the training resources will help you in preparing for exams, and getting a high score.

Practice a lot

As it is a well-known quote that practice makes a man perfect. So, it is also applicable on the ccna exam passing, that you will become perfect if you practice the skills. Do not think that I know about VLAN, I know about routing, or I am familiar with the IP addressing, etc. This seems a little overconfident. Therefore, good practice through labs is required if you want to pass the ccna 200-301 exam with a high score.

In the exam, you will be demanded to perform practical on the topics that you have learned during preparation. You might be thinking that how you can practice the skills. Keep calm and read below

There are 3 ways to Practice

Use Packet Tracer by Cisco. It is free system software and works effectively for professionals who are preparing for the ccna 200-301 exam.

Using Spoto labs is also a great option. You can easily practice routing, configuring, switching, or wireless networking in the practice lab.

Use CML by Cisco. It is a licensed and paid lab for the users to practice.

Final words

In the end, once more we would say that hard work and readiness is the key to pass the CCNA 200-301 exam, as it is complex and tricky, but not impossible to pass.

Which Video Maker Tools Are Best for Beginners?

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One of the new trends in marketing is that people are now drawn to videos as well. In the past years, it would be a mistake to create video ads. This is because not all people want their browsing disrupted by a short video. Nowadays, it has become a norm for people. This is why it’s now essential to understand how to use tools like an online video maker.

Understandably, editing videos is not an easy thing to do. It takes years’ worth of practice to master specific editing tools. To top it all off, some of these tools are rapidly evolving. They add new features and editing tools as well. If you want to learn how to master the art of editing videos, you must devote time and effort to it.

Luckily, many video editors are perfect tools for newcomers into the hobby. Whether you are using it for your business or it’s just your hobby, there’s an editor for you to choose from. We know you want to dive into the addicting process of video editing. As such, here are some of the tools you may want to use if you’re a beginner.

Online Video Maker

If you really want an intuitive video editing tool, you should look at some of the selections available online. Believe it or not, there are countless online video-makers to choose from. Some specialize in making YouTube intros. There are also some for complete video editing and many more.

What’s great about these tools is that they are very intuitive. They can be used even by those who have never touched a video editor before. You can use most of these tools by simply clicking and dragging on the workspace. Even though it’s easy, you can create all sorts of videos with these tools.

In terms of pricing, some online video makers are free. Then some are free, to begin with, but you’ll have to pay the price to use the complete set of tools. Some of such editors also leave a watermark on your videos. These watermarks can only be removed if you pay for the premium version. Regardless, you don’t have to worry about your budget. The price for these subscriptions is meager.

Fast Results

Another great thing about an online video maker is that you get results fast. Your speed when it comes to rendering and then downloading the video depends on your internet speed. However, this is a downside too. What it means is that you can only use these tools if you are connected to the internet. It’s a minor mishap for every other merit that such editors have.

An online video maker is not as powerful as any other high-end video maker out there, but you’d be wrong to think that it’s not useful for simple and advanced tasks. It’s all really up to you as to how great a video you can make when using these tools. If you want, you can just give these a try to check how effective they are.

Sony Vegas Pro

Even if you are a beginner, a video editing tool like Sony Vegas Pro is still a great video editor to use. It’s usually advanced and experienced editors that use these tools. However, even as a beginner, you can always use these.  Eventually, you’ll master using Sony Vegas Pro, and it will make your results much more exciting and entertaining.

Sony Vegas Pro isn’t a free video editing software. You’ll need to pay a licensing fee to get full use of the editor, but the good news is that it’s only a one-time payment, so you don’t have to worry about anything else. There’s also a free trial period where you can use all aspects of the editor for a limited amount of time. It would be a great way to test its capabilities.

It is a complex tool indeed, but that doesn’t mean it’s utterly unapproachable by anyone. As there are tutorials available, it is only a matter of time before you completely master the editing art using this editor. As a high-end editor, you can do wonders with Sony Vegas Pro. It even allows you to tinker with a video’s audio.

Adobe Premiere

Resting along at the top with Sony Vegas Pro is Adobe Premiere. Like Sony Vegas Pro, this tool is not free. Again, you have to pay a licensing fee which gives you access to all that the editor has to offer.  Of course, there’s also a generous trial period which makes it easier for you to understand how the editor works and feels before you get to use it.

If you are used to editing photos with Adobe Photoshop or other Adobe tools that would be great. You’ll be able to familiarize yourself with Adobe Premiere easily quickly. The layout of the entire editing tool looks much like Adobe Photoshop. These editing tools are more complicated than Sony Vegas Pro, but the resulting videos are even more impressive.

Available Tutorial Videos

However, since this is such a popular video editing tool, there’s already a lot of tutorials available online as well. If you want to learn how to use such editing tools, you can simply watch instructional videos available on various platforms. There’s also a vast online community that will help you understand how to master Adobe premiere.

An alternative to Adobe Premiere is Adobe After Effects. However, keep in mind that Adobe After Effects is primarily for graphics. It’s also more complicated.

Final Words

An online video maker or a high-end video editing tool is useful for both beginners and those who love editing videos. Whether you are a hobbyist or a business owner, you should get your hand at video editing tools as soon as possible. These will help you unlock the full potential of your business or social media platform.

Consumer Behaviour – The Things to be Aware of Moving Into 2021

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For many worldwide economies, the pandemic shows no sign of easing, with the UK under its third national lockdown and having significant impacts on consumer spending and confidence. 

Overall, consumer spending fell in December at the fastest rate in six months as the lockdown began to hit hard, while Barclaycard revealed that investment has contracted by 2.3% year-on-year.

With this in mind, we’ll use this article to explore changing consumer behavior against the backdrop of the pandemic, as we ask what entrepreneurs should be aware of through 2021?

1. The Rise and Rise of Ecommerce

While total consumer spending may have declined since March 2020, this has much to do with the restrictions placed on pubs, bars, and restaurants nationwide.

However, there’s no doubt that the pandemic has driven a sharp increase in global online sales, as shifting consumer behavior accelerates the trends towards eCommerce.

Overall, it’s thought that Covid-19 added an estimated £5.3 billion to UK eCommerce in 2020, with the market’s performance forecasts upgraded from £73.6 billion to £78.9 billion as a result.

Amazon alone was expected to add £2 billion following the surge in online shopping, and there’s no doubt that the demand for eCommerce will continue to increase sharply in the near term.

2. The Rise of Impulse Buying Online

Over time, consumers have become increasingly enticed by so-called “rewards systems”, which seek to place a viable value on loyal customers and help to incentivize impulse purchases.

From a psychological perspective, customers in this instance are typically driven by ‘FOMO’ (the fear of missing out), while the mere activation of reward system structures is proven to trigger various neurons and stimulate genuinely pleasant feelings.

Even the use of single words such as “sale” or “deal” can trigger such neurons and make rewards programs effective, and they represent an excellent way of optimizing sales during periods of economic austerity.

So, now is the ideal time to create a tailored and rewarding loyalty program for your customers, as this will have the dual benefit of boosting your coffers and stimulating the wider economy.

3. Creating an Immersive Omni-channel Experience

Historically, larger eCommerce players have sought to separate online and offline consumer experiences, instead choosing to create more integrated marketing campaigns that drive a higher prevalence of assisted conversions.

This type of campaign creates an immersive, omnichannel experience for customers, while it also taps into wider trends such as rising e-commerce and the growing influence of smartphones as purchasing tools.

This trend will only gather pace in the near term, with even brick-and-mortar stores being redesigned with mobile purchase points as part of wider social distancing measures.

Make no mistake; as customers continue to research and purchase products while they’re on the move, omnichannel campaigns will become increasingly effective and commonplace across the board.

Why You Should Consider Investing in Bitcoin

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People have different conceptions as far as investing in bitcoin is concerned. Some people believe that it may not be the best investment option for them. Some individuals are also skeptical about it because of some hackers and experts making it difficult for people to consider starting investing in bitcoin.

It can be difficult to know the future of bitcoin since most experts have different opinions about it. Moreover, because of scammers, people are always worried about losing bitcoin investments. Nevertheless, you need not be worried about anything as far as investing in bitcoin is concerned; this is among the best ways of making extra income and huge profits today.

In this article, legit facts that make investing in bitcoin to be a very attractive deal are discussed. It is through this that you will also learn about bitcoin; how to sell and buy bitcoin.

Governments Encourage Bitcoin

It is important to note that bitcoin is not owned by any company or government. In contrast, it is believed to be a public currency; it is because of this that it has become popular. Nevertheless, government approval is needed for bitcoin to be used.

Governments do not have control over this currency and almost everywhere, people are allowed to use it. This suggests that bitcoin has been already been legally verified to be used in different transactions, in addition to storing assets. Globally, it has won the governments’ trust because it is associated with honest and high-security features.

Moreover, it does not spread false information with the intention of attracting the masses. On bitcoin usage’s legal aspects, everything is always green.

girl using bitcoin on mobile

Its Value Keeps Growing and Learning About its Investment is Free

The fact that bitcoin is associated with several benefits, more people are more than willing to invest in it. For most bitcoin investors, this is perceived to be bitcoin’s beneficial aspect. Since the value and demand of bitcoin are increasing and more people are using it as the main currency, its price will keep on increasing.

Moreover, most businesses believe that bitcoin is the only solution to problems associated with handling money. In the market, the more people love it, the bitcoin’s price will be high.

Traditionally, a lot of time is needed for an individual to understand the basics of investments. It is difficult to purchase an item and start selling it the same day. Likewise, it is difficult for the beginner to get into the stock market and start getting profit immediately.

Nevertheless, learning about how to invest in bitcoin to make a profit is absolutely free. You need to use great platforms, like Coinbase, for you to easily learn the hidden secrets of bitcoin. It will take you less time to learn about bitcoin investment and how to maximize your profit.

Authority of Bitcoin

man checking bitcoin price trends

Apart from bitcoin, there are other cryptocurrencies. Some of these cryptocurrencies have been using the most recent marketing tactics, in addition to presenting significant benefits to the users. Nevertheless, bitcoin is ever at the top since it is the backbone of all cryptocurrencies.

heir fact that it is on the top in the market, over other cryptocurrencies that are doing their best to be on the top, bitcoin is known for having the ultimate advantages. When other companies are struggling to win the trust of people, bitcoin is considered to be a reliable and secure company.

Disadvantages of Investing in Bitcoin

Despite investing in bitcoin having several benefits, it is associated with some disadvantages that you need to know after learning how to set up a coinbase account. The following are common disadvantages of investing in bitcoin:

Volatility: The bitcoin’s price ripples back and forth. For instance, if you purchase today at $20,000 after a week sells it below $10,000. Nevertheless, this depends on its demand. Since its market is unpredictable, it can be difficult to get a good return on such an investment.

Online Hacking Threats: Bitcoin investors are seriously facing threats associated with online hacking. Using websites or mobile apps, you can buy or sell crypto. This is something that can encourage hacking of investments.

Little Regulations: The bitcoin market is known for having little or no regulations. The government does not have clear stances on it. Hence, there is a likelihood of being exposed to malpractices and fraud.

Understanding the advantages and disadvantages of investing in bitcoin is significant. If you are interested in maximizing security and increasing profit, there is a need for maintaining your bitcoin wallet.

Moreover, you need to study the bitcoin market before purchasing or selling your bitcoin. For individuals who are interested in having long-term exposure to bitcoin investment, Coinbase can be the best place for you as a beginner. Coinbase has all that it takes to ensure that you succeed in bitcoin investment.

Top 10 Rubber-Producing Countries in World [Uses & Types]

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Natural Rubber is found in the fluid of some specific plants and obtained from the milky white fluid called latex, found in many plants. But it can also be produced synthetically. Synthetic rubber producers make it through the process of polymerization of various monomers.

Naturally, rubber is produced by the process of tapping the plant called Hevea Brasiliensis. The tree is a native of the Amazon River basin in South America.

These Rubber Trees generally have 32 years of economic life but they may live up to 100 years or even more than that. The plantation would start its yield from the 6th year onward. Natural rubber production is processed to convert into a storable and marketable salable form.

Later on, these trees were cultivated in the plantations of Indonesia, the Malay Peninsula, and Sri Lanka. These natural rubber trees now produce about 90% of all consumption. Gutta-percha and balata are other plants that produce.

Geographical Location for Natural Rubber Production

The ideal rubber growing regions should be 8 degrees North of the Equator, 10 degrees South of the Equator, high temperature, altitude not beyond 400 meters, and high humidity.

Most Common Uses of Natural Rubber

The rubber industry produces a wide range of products like auto tires, auto tubes, automobile parts like seal & Timing Belts, footwear, Conveyor belts, cables & wires, battery boxes, etc. Block, Preserved Latex, Crepes, and sheets are some forms in which rubber is produced and used.

Basic Properties of Rubber

The key characteristics of rubber are resilience, high tensile strength, and resistance to friction, extreme temperatures, and abrasion. It comes back to its original shape if it is twisted or stretched but if heat is applied to the rubber, it won’t return to its original shape easily.

Natural rubber in the bowl

History of Rubber Plantation & Production

The rubber tree Hevea Brasiliensis is indigenous to Brazil and its wild growth was very common. Columbus made some knowledge available to Europe after the voyages of 1492. For the next two centuries, it was just a museum curiosity in Europe.

British inventor and chemist Charles Macintosh, 1823, established a plant in Glasgow for the manufacture of water-proof cloth and rainproof garments. During the 19th century, the Brazilian government banned the export of rubber plants to preserve its monopoly. Therefore, the Brazilian Jungle continued to be the main source of crude rubber for most of the 19th century.

Despite a rigid embargo, in 1876, a British explorer smuggled 70 thousand seeds of Hevea Brasiliensis, he was Sir Henry Wickham. These seeds were planted in London Kew Garden. Later on, plants 2,800 were sent to Ceylon (Sri Lanka) and to Perak in, Malaya, for plantation, and then plantation was introduced in Indonesia.

In 1905, the year the first shipment was exported from Malaya, Malaysia. At that time Brazil was producing 99% of the world supply. Today Brazil accounts for less than one percent. Today more than 80% of plantation comes from southeast Asia.

Physical & Economic Factors for Rubber Production

For the growth of Natural Rubber following Physical conditions are necessary:

Physical Factors

Climate

For the optimum growth of rubber, conditions must be equatorial with a temperature of around 28C, with relatively little variation.

Temperature

Temperatures are required more than 28 C best for the growth of rubber plants. Temperature plays a vital role in the best output

Rainfall

A distributed annual rainfall of 60 to 78 inches is required for rubber trees.

Soil

Rubber has a wide tolerance for different soil types and soil moisture factors such as moisture absorption, moisture-holding capacity, drainage, and resistance to flooding. Deep soil is required to encourage deep penetration of roots and surface rooting.

Economic Factors for Natural Rubber Production

  • Energy resources
  • Water availability
  • Availability of Market
  • Location Factor
  • Sufficient amount of Capital
  • Skill Labor Force
  • Government Patronage
  • Government Policy for Industrial Development
  • Means of Transportation 10: Availability of the latest technology

2 Main Types of Natural Rubber

Rubber is one of the familiar products that can be used for Commercial, Residential, and Industrial purposes. Generally, there are two types of Rubbers

Natural Rubber

These natural rubbers are derived from latex which is a milky substance found in the sap of trees. The products obtained from this process are raw products.

natural rubber

Synthetic Rubber

Synthetic rubbers are chemically synthesized. You can find many products in the market such as tires, sheets, pipes, floors, strips, bands, mats, magnets, etc.

Top Countries with Natural Rubber Production

World Total Production — 15,051 million metric tons (FAO, Statistical yearbook — 2017)

The continent of Asia ranks 1st in natural rubber production with the highest exports. The plantation was introduced in Asia in the 19th century and the first shipment for foreign trade became in 1905. The first rubber plantation was introduced by the British in Sri Lanka (Ceylon) and the Malay Peninsula and Indonesia. The continent of Asia produces more than 91 percent of the natural rubber production in the world.

South-east Asia is the home of natural rubber production, out of 28 countries 12 highest production countries are in Asia. Among the continents, Africa ranks 2nd and it produces more than 7.4 percent. The third important natural rubber-producing region in South and Central America. This region produces more than 2 percent of natural rubber in the world.

Top 10 Natural Rubber Producing Countries in World

COUNTRIES IN RUBBER PRODUCTIONTOTAL PRODUCTION OF RUBBERTOTAL AMOUNT OF RUBBER EXPORTED
Thailand4.9 million tons3.28 million tons
Indonesia3.12 million metric tons1.135 million tons
Malaysia470,000 metric tons43,197 tons
The U.S.32 million metric tons522,800 tons
Vietnam2.131 million tons1.95 million tons
China688,000 metric tons 
India775,000 metric tons11,343 tons
Cote d’Ivoire1.35 million tons110,000 tons
Myanmar264,943 metric tons200,000 tons

Today, 28 countries produce rubber in the world and are ranked differently as per their largest rubber exports. These are the largest producing and exporting countries to date.

Thailand

Thailand ranks first in natural rubber production in the world. This Southeast Asian country has a monsoon climate, which is most suitable for the vegetative growth of rubber plants. The Southern Thailand region has the world’s largest rubber plantation.

Thailand produced 4.9 million tons of natural rubber, as of 2021. The area under rubber plantations was 1.7 million hectares. The per hectare yield in Thailand is 1.76 tons.

Moreover, the country exports its rubber mainly to China, Japan, Malaysia, the United States, and South Korea. Thailand earned $659M by exporting to China, $200M by exporting to the USA, and $154M by exporting to Japan during the years 2020 and 2021.

Indonesia

Indonesia is considered to be the second biggest exporter of rubber. Tropical and monsoon climate suitability has encouraged plantations in Indonesia. Indonesia shared about 21% output of the world.

Its rubber production was 3.12 million metric tons, as of 2021. The area under rubber plantation was 3.175 million, while per hectare yield was 1800 kg, which is very low.

In 2021, Indonesia was responsible for 23.8 percent of the worldwide sales. They are responsible for exporting to Japan, China, South Korea, and the United States. Between 2020 and 2021, Indonesia generated the largest revenue by exporting to Russia ($57.5M), the United States ($319M), and Japan ($297M).

Malaysia

Malaysia ranks third after Thailand and Indonesia. The west coastal and piedmont zone of the Malay Peninsula and the western part of Kalimantan is important for rubber estates. Rubber output was 470,000 metric tons, as of 2021. While the area under plantation was 3,175,000 hectares and the per-hectare yield is 56.3kg.

The main destinations where rubber is exported from Malaysia are the United States, United Arab Emirates, China, Slovakia, and Germany. Malaysia’s rubber industry generated a huge revenue of RM 47.6 billion through rubber export. Their rubber industry has contributed more than 2 billion Malaysian ringgit to the country’s total GDP.

India

Natural rubber plantation was introduced in India in 1880 when rubber was planted in Travancore and Malabar regions, but commercial plantation started at a relatively later date in 1902. Kerala is the most important largest rubber producer state in India, accounting for 95% of India’s rubber acreage. However, other producing states are Tamal Nadu, Karnataka, Nicobar Islands, Tripura, Mizoram, and Assam.

India produced 775,000 metric tons of natural rubber, while the area under the plantation was 450,000 hectares. It is the largest exporter of natural rubber and it exports mainly to the United States, Netherlands, and the Philippines. The top three exporters are India with 102,802 shipments, followed by Vietnam in the 2nd position with 91,433 shipments, and in the third position is Indonesia with 76,511 shipments.

Vietnam

Vietnam has emerged as the fifth-largest natural rubber producer in the world. The area around Ho “Chi Minh” city is of fundamental importance for rubber cultivation. Vietnam exports the bulk of its natural rubber output to an international market. Its natural rubber production was 2.131 million tons, as of 2020.

The rubber tree planting area in Vietnam constitutes about 1 million hectares. These areas are majorly located in the southeast and central highlands. The largest planting area is in the southeast with almost 572,000 hectares which accounts for 58.3% of the total planting area for the country.

China

China is another outstanding country among rubber-producing countries and has emerged as the 6th largest producer. China is an emerging industrial nation, its demand is very large, and therefore it is a deficit in production. China imports natural rubber from other countries. However, its rubber plantations are located in the hills of the southeast and in the Yangtze basin and coastal belt.

It produced 688,000 metric tons of rubber, as of 2020. While the area under the plantation was 475,000 hectares. China’s biggest export product is rubber tires. In 2021, China exported rubber tires worth $17.1B. China exports rubber to the United States, Japan, Vietnam, and the United Kingdom.

Philippines

The Archipelago of the Philippines has a suitable climate for plantations. It has emerged as an important country among producers in the recent decade. The Philippines’ coastal regions are most suitable. Its production is 152.20 thousand metric tons in the year 2022 and 95 thousand hectares of plantation area.

The largest rubber-producing continent in the country is Cotabato city which produces over 143,000 metric tons of rubber. Then comes Zamboanga Sibugay with 117,314 metric tons, and Basilan with 76,433 metric tons.

Nigeria

During the last decade of the 20th century, Nigeria expanded its hectare age and yield and has become the 8th largest rubber-producing country in the world. Favorable geographical conditions, cheap labor, nearness to the European market, and foreign investment have increased plantation in Nigeria.

Rubber production was 150,085 tons in 2021, while the area under rubber plantation was 340 thousand hectares. Moreover, Nigeria has multiple states known for producing a large quantity of rubber. These are:

  • Edo
  • Delta
  • Ondo
  • Ogun
  • Abia
  • Anambra
  • Akwa Ibom
  • Cross River
  • Rivers
  • Ebonyi
  • Bayelsa

Cote d’Ivoire

In the West African region, plantations first started in Liberia but Cote-d-Ivoire outranked Liberia within a short period. The Cote-d-Ivoire ranks 9th in the world.

In recent years, probably in 2022, its average rubber production was 1.32 million tons. While the hectare age under plantation was 75 thousand hectares.

Sri Lanka

In South, Asia rubber was first planted in Sri Lanka (Ceylon) towards the close of the 19th century. Being a small country expansion of rubber plantations is not possible. Even then, Sri Lanka is the 10th largest producer in the world. This is due to favorable Geographical conditions, cheap labor, and easy shipment to the international market. Cultivation of rubber is concentrated in the southwestern foothills of the central highlands.

Sri Lanka produced 78,206 metric tons of rubber in the year 2020, from 116.4 thousand hectares of rubber estates. Sri Lanka’s 97 percent rubber output enters the international market. It is the leading exporter of rubber and in the year 2021, it generated 70% of its income from the export of rubber tires.

However, the country faced some serious problems coming in the way of rubber production that are the lack of good resources and infrastructure. Their industries need major upgrading to work efficiently.

Other Rubber Production Countries

Besides these top ten rubber-producing countries in the world, there are many that take part in exporting the product. We have mentioned a list of these countries with their average rubber production below:

Other CountriesAvg. Rubber Production
Liberia42,010 metric Tons
Cameroon50,521 metric Tons
Guatemala350,501 metric Tons
Myanmar264,943 metric Tons
Brazil225,622 Tons
Bangladesh67,939 Tons
Cambodia57,972 Tons
Congo254,200 Tons
Mexico92,711 Tons
Papua New Guinea5,500 Tons

Conclusion

Natural rubber production around the world was counted to be almost 13 million metric tons in 2020. This figure is huge compared to previous states, donating that there is an increased demand for rubber products worldwide as you must have encountered its daily use in vehicle tires, rubber bands, cookware, footwear, etc.