Vietnam’s rubber exports increased by 2.58 percent in December compared to November, reaching US$452.66 million, according to data from Vietnam’s General Department of Customs.
Vietnam’s rubber exports total US$3.42 billion for 2024.
The rise in exports was driven by strong growth in shipments to Canada, Germany, and the Netherlands, which increased by 463.88 percent, 289.63 percent, and 336.32 percent, respectively. Exports to Malaysia, India, and Brazil also showed positive growth, increasing by 71.35 percent, 59.10 percent, and 35.10 percent, respectively.
However, some markets experienced a decline. Exports to France, Italy, and Argentina dropped by 68.58 percent, 47.17 percent, and 37.80 percent, respectively.
See also: Footwear Manufacturing in Vietnam
Vietnam rubber exports, December 2024, US$
December | November | MoM | 2024 | |
Total | 452,657,899 | 441,260,208 | 2.58% | 3,419,502,445 |
Other | 7,553,651 | 13,322,770 | -43.30% | 144,848,979 |
China | 367,745,926 | 368,747,813 | -0.27% | 2,442,970,072 |
Malaysia | 13,426,685 | 7,836,047 | 71.35% | 56,164,624 |
India | 10,329,853 | 6,492,793 | 59.10% | 211,899,164 |
Indonesia | 8,710,486 | 6,268,585 | 38.95% | 50,005,777 |
South Korea | 6,205,281 | 7,573,672 | -18.07% | 76,248,179 |
Turkey | 5,380,134 | 4,265,003 | 26.15% | 43,877,800 |
Germany | 4,597,065 | 1,179,865 | 289.63% | 60,735,891 |
USA | 4,357,273 | 5,724,592 | -23.89% | 51,600,526 |
Taiwan | 4,208,235 | 5,187,131 | -18.87% | 50,129,434 |
Russia | 3,781,752 | 3,170,238 | 19.29% | 45,416,077 |
Sri Lanka | 3,209,481 | 2,325,069 | 38.04% | 40,880,677 |
Brazil | 2,918,776 | 2,160,486 | 35.10% | 26,248,514 |
Japan | 2,761,552 | 3,108,612 | -11.16% | 21,781,298 |
Canada | 2,433,485 | 431,563 | 463.88% | 13,131,942 |
Pakistan | 2,393,658 | 1,182,890 | 102.36% | 16,026,169 |
Spain | 647,804 | 503,953 | 28.54% | 17,718,356 |
Mexico | 618,030 | 498,608 | 23.95% | 5,644,243 |
Netherlands | 545,171 | 124,947 | 336.32% | 14,259,816 |
Italy | 486,376 | 920,576 | -47.17% | 21,932,302 |
Belgium | 347,225 | 234,995 | 47.76% | 7,982,605 |
See also: How to Start an Export Business in Vietnam.