Raw data from General Department of Vietnam Customs
Fluctuations: Vietnam’s rubber export value has seen numerous fluctuations between 2011 and 2023, reflecting changes in international rubber prices and shifts in demand.
China Dominance: China accounts for more than 70% of Vietnam’s total rubber exports, indicating a heavy reliance on this single market.
Vietnam’s rubber industry holds strong potential for growth due to:
Rising global demand: The demand for natural rubber in industries like automotive manufacturing, tyre production, and medical equipment continues to grow, particularly in Asian countries.
Market diversification: Vietnam must continue to diversify its export markets, expanding beyond China to India, South Korea, and European countries.
Investment in quality: Improving the quality of rubber products and meeting international standards will help Vietnam access more competitive and high-demand markets.
