Vietnam’s exports of rubber products reached US$124.09 million in May 2025, according to figures released by Vietnam’s General Department of Customs. This represents a decrease of 4.59 percent compared to April, bringing the year-to-date (YTD) export value to US$580.91 million.

Top Markets and Notable Increases:

The USA remained the dominant market with US$59.27 million in May, showing a slight 0.27 percent increase from April, and accounting for a significant 44.93 percent of YTD exports.
Indonesia recorded strong growth of 40.03 percent to US$3.69 million.
Russia saw a substantial increase of 44.03 percent.
Malaysia exports jumped by 36.79 percent.
Hong Kong experienced a notable surge of 54.28 percent.
Belgium and Singapore also registered positive month-on-month growth.
Thailand, France, Taiwan, and Cambodia showed modest increases.

Significant Declines:

Saudi Arabia experienced the sharpest decline, plummeting by 94.11 percent.
Bangladesh exports fell drastically by 89.63 percent.
Turkey decreased by 71.89 percent.
Poland dropped by 49.58 percent.
The UK exports fell by 34.63 percent.
Spain decreased by 33.85 percent.
Australia saw a drop of 29.02 percent.
India experienced a 29.68 percent decline.
Other notable declines were observed in Japan, Germany, Italy, South Korea, Brazil, and the Netherlands.

The May data for Vietnam’s rubber products exports shows an overall slight dip, primarily due to significant decreases in exports to several key markets like Saudi Arabia, Bangladesh, Turkey, and Poland. However, steady demand from the USA and strong growth in Indonesia, Russia, and Malaysia indicate a resilient sector with diversifying market dynamics.

Vietnam exports of rubber products, May 2025, US$ millions

	May	April	MoM	YTD	% of YTD
Total	124.09	130.06	-4.59%	580.91	100.00%
Other	9.87	10.12	-2.50%	0.00	0.00%
USA	59.27	59.11	0.27%	261.02	44.93%
Japan	12.95	15.37	-15.74%	71.89	12.38%
South Korea	8.55	9.17	-6.72%	42.50	7.32%
China	5.06	5.11	-0.83%	24.21	4.17%
Brazil	4.14	4.33	-4.34%	17.72	3.05%
Indonesia	3.69	2.63	40.03%	11.90	2.05%
Germany	2.69	3.16	-14.86%	12.67	2.18%
Thailand	1.83	1.75	4.60%	9.55	1.64%
Malaysia	1.82	1.33	36.79%	5.88	1.01%
Australia	1.68	2.37	-29.02%	9.28	1.60%
UK	1.46	2.23	-34.63%	8.75	1.51%
Italy	1.36	1.85	-26.50%	5.34	0.92%
France	1.27	1.19	6.39%	6.01	1.04%
Taiwan	1.26	1.24	1.24%	6.21	1.07%
India	1.19	1.69	-29.68%	8.03	1.38%
Netherlands	1.17	1.24	-5.64%	5.80	1.00%
Russia	1.01	0.70	44.03%	4.45	0.77%
Belgium	0.96	0.79	21.60%	3.96	0.68%
Cambodia	0.94	0.91	3.38%	4.58	0.79%
Spain	0.72	1.09	-33.85%	5.13	0.88%
Singapore	0.43	0.39	11.91%	1.83	0.32%
Poland	0.35	0.70	-49.58%	2.14	0.37%
Turkey	0.19	0.69	-71.89%	2.24	0.39%
Hong Kong	0.16	0.10	54.28%	0.66	0.11%
Bangladesh	0.04	0.38	-89.63%	0.75	0.13%
Saudi Arabia	0.02	0.41	-94.11%	0.88	0.15%

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