According to statistics from the Customs Department, in April 2025, Vietnam’s rubber exports reached 71,866 tons, valued at 139.46 million USD, a decrease of 2.4% in volume but an increase of 18.6% in value compared to the same period.
In the first four months of 2025, Vietnam’s rubber exports reached 452,504 tons, valued at 872.78 million USD, a decrease of 7.2% in volume but a significant increase of 20.4% in value compared to the same period in 2024, thanks to high prices. The average export price of rubber reached 1,929 USD/ton, up 29.8% over the same period last year.
The three largest export markets for Vietnamese rubber are China, India, and South Korea.
Notably, rubber exports to the US in April increased by 42% in volume and 61% in turnover. In the first four months, the US imported nearly 8,000 tons of rubber from Vietnam, worth 16 million USD. The average export price reached 2,030 USD, up nearly 30% over the same period last year. Another item, rubber products, also brought Vietnam 201 million USD from the US market, up sharply by 52% compared to the same period.
Vietnam mainly exports natural rubber to the US, with Latex varieties being the most exported. The average import tax rate imposed by the US on Vietnamese rubber and rubber products is 7%.
In 2024, Vietnam was the 13th largest supplier of rubber to the US, with a volume of 29,256 tons, worth 50.6 million USD. Vietnam’s market share in the US’s total rubber imports also increased from 1.5% in 2023 to 1.7% in 2024.
The US is expected to increase its rubber imports in the coming period due to improved domestic automobile production as the US increases auto import tariffs and diversifies its supply sources, reducing dependence on imports from Canada, Mexico, and China (accounting for about 19% of US imports).
Along with the US, although the EU is not a major export market for Vietnamese rubber, meeting the strict requirements of the EUDR regulation will help Vietnam tap into a market with high potential, high purchasing power, and ample room for development. Enterprises that meet the standards and are granted the PEFC/VFCS forest certification will have more business advantages when exporting to demanding markets.
In recent years, the area of rubber plantations in Southeast Asian producing countries such as Thailand and Indonesia has tended to decrease as people shift from rubber to other crops with higher profits.
According to forecasts by the Vietnam Rubber Association (VRA), natural rubber prices in 2025 are likely to increase by 5-10% compared to the previous year due to low supply. Global natural rubber consumption in 2025 is forecast to reach 15.56 million tons, up 1.3% from the previous year. In particular, consumption in China is expected to increase by 2.5%, India by 3.4%, Thailand by 6.1%, Vietnam by 1.5%, Srilanca by 6.7%, and a strong increase is forecast for Cambodia.
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