According to data from the Customs Department, in April 2025, Vietnam’s rubber exports reached 71,866 tons, worth 139.46 million USD. This is a decrease of 2.4% in volume but an increase of 18.6% in value compared to the same period.
In the first 4 months of 2025, Vietnam’s rubber exports were 452,504 tons, worth 872.78 million USD. This is 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 was 1,929 USD/ton, an increase of 29.8% compared to the same period last year.
The three largest rubber export markets for Vietnam are China, India, and South Korea.
Rubber export prices to the US have increased by nearly 30%.
Notably, rubber exports to the US in April increased by 42% in volume and 61% in value. In total, in the first 4 months of the year, the US purchased nearly 8,000 tons of rubber from Vietnam, worth 16 million USD. The average export price was 2,030 USD, an increase of nearly 30% compared to the same period last year. Rubber products also helped Vietnam earn 201 million USD from the US, a significant increase of 52% compared to the same period last year.
Vietnam primarily exports natural rubber to the US. Among them, latex is exported the most. The average import tax that the US imposes on rubber and rubber products from Vietnam 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 total rubber imports of the US also increased from 1.5% in 2023 to 1.7% in 2024.
The US is expected to increase its rubber imports in the coming time due to improvements in domestic automobile production, as the US raises automobile import tariffs and diversifies its supply sources, reducing dependence on rubber imports from Canada, Mexico, and China (which account for about 19% of US imports).
Although the EU is not the main export market for Vietnamese rubber, meeting the strict requirements of the EUDR will help Vietnam exploit the market with high potential, strong purchasing power, and large room for development. When exporting to demanding markets, businesses that meet the standards and receive the PEFC/VFCS forest certification will enjoy numerous advantages.
In recent years, the rubber area in leading Southeast Asian producing countries such as Thailand and Indonesia has been gradually decreasing as people switch from rubber to other crops that are more profitable.
According to forecasts from the Vietnam Rubber Association (VRA), the price of natural rubber in 2025 could increase by 5–10% compared to last year, as supply is entering a low phase. Global demand for natural rubber in 2025 is projected to reach 15.56 million tons, an increase of 1.3% compared to 2024. China’s consumption is expected to increase by 2.5%, India’s by 3.4%, Thailand’s by 6.1%, Vietnam’s by 1.5%, Sri Lanka’s by 6.7%, and Cambodia is forecast to see a significant increase.