According to the Customs Department, rubber imports to Vietnam in July reached over 175,000 tons with a value of more than 274 million USD. This is an increase of 13.7% in volume and 14.2% in value compared to June.
In the first seven months of the year, Vietnam imported over one million tons of rubber with a value of nearly 1.7 billion USD, an increase of 7.2% in volume and 18.7% in value compared to the same period last year.
Cambodia is currently the largest rubber supplier to Vietnam, with over 378,000 tons, valued at more than 510 million USD. This is a slight decrease of 4% in volume but an increase of 11% in value compared to the same period last year. Prices increased by 15%, averaging 1,348 USD/ton.
China ranks second, with over 154,000 tons, worth over 276 million USD, a significant increase of 46% in volume and 34% in value compared to July 2025. The average import price decreased by 8%, reaching an average of 1,788 USD/ton.
South Korea is the third-largest supplier of rubber to Vietnam, with over 110,000 tons, valued at over 188 million USD. This is an increase of 12% in volume and value compared to July 2024. The import price is 1,701 USD/ton, equivalent to the same period last year.
Thailand and Vietnam are dominating the global rubber supply.
Currently, the import tax rate for natural rubber ranges from 5% to 10%, depending on the type of product and the origin of the shipment.
Vietnam and Thailand are two of the world’s leading rubber exporters. These countries are playing a crucial role in the supply chain of raw materials for the tire, glove, and industrial product manufacturing sectors.
Thailand has held the No. 1 position in natural rubber exports for many years, with production often accounting for more than 30% of the global market share. Vietnam ranks third in the world, after Thailand and Indonesia, with strengths in raw rubber and mixed rubber, primarily exporting to China, India, and South Korea.
While Thailand maintains its advantage due to large cultivation areas, stable production, and modern processing systems, Vietnam stands out in its ability to diversify products and expand markets through free trade agreements.
The Vietnam Rubber Association (VRA) expects that the rubber industry’s total export turnover will surpass 11 billion USD by 2025.
Despite facing competition from Thailand, Indonesia, and Malaysia, Vietnam still maintains its competitiveness thanks to a synchronized value chain, stable supply capability, and increasingly improved quality.
Although there are many positive signals, rubber prices are under significant pressure from fluctuations in international trade policies. According to the Import-Export Department (Ministry of Industry and Trade), new tax measures from the US, especially on imported cars, combined with falling crude oil prices and concerns over trade tensions, are causing difficulties for the global rubber market.