Metallurgy / Chemicals / Rubber & Plastics

According to customs data, Vietnam exported 2.14 million tons of natural rubber in 2022, with an export value of 3.31 billion US dollars, a year-on-year increase of 1.1%, while the export volume increased by 9.6%. The export volume still set a new record of 3.31 billion US dollars.

The Vietnamese Ministry of Agriculture and Rural Development stated that in 2006, Vietnam's rubber exports exceeded $1 billion for the first time.

Customs data shows that rubber exports increased rapidly in 2010, with 760000 tons of rubber exported, and the export volume exceeded the $2 billion mark for the first time, reaching $2.3 billion. By 2011, the export volume had reached 816500 tons, and the export value had skyrocketed to 3.2 billion US dollars.

The average export price of rubber from Vietnam in 2022 was only $1547 per ton, a decrease of 7.8% compared to 2021.

Vietnam's rubber exports rank third in the world, exporting to over 80 countries and regions worldwide.

From the perspective of the rubber export market in 2022, customs data shows that Vietnamese rubber is mainly exported to Asia, accounting for 90.6% of the total rubber export volume in China, reaching 1.86 million tons. The export value is nearly 3 billion US dollars, with a year-on-year increase of 12.9% and 6.2% in quantity and value, respectively.

According to customs data, China remains the largest export market for Vietnamese rubber, with an export volume of 1.5 million tons and an export value of 2.34 billion US dollars; The year-on-year quantity increased by 14% and the value increased by 6.3%. Accounting for 79.8% of Vietnam's total rubber exports.

According to customs data, the second largest rubber export market is India, with an export volume of 123200 tons and an export value of 218 million US dollars; The year-on-year increase in quantity and value was 8.8% and 4.5%, accounting for 6.6% of Vietnam's total rubber exports.