Vietnam’s exports of rubber products increased by 5.92 percent in December compared to November, reaching US$117.54 million, according to data from Vietnam’s General Department of Customs.
Vietnam’s rubber products exports total US$1.23 billion for 2024, reflecting steady demand across key markets and strong performance in regions such as the USA, South Korea, and Germany.
The rise in exports was driven by strong growth in shipments to the USA, which saw a 16.71 percent increase, amounting to US$49.58 million. Exports to South Korea, Germany, and the Netherlands also showed positive growth, with increases of 11.38 percent, 56.34 percent, and 72.72 percent, respectively.
However, some markets experienced a decline. Exports to Brazil, Japan, and China dropped by 43.10 percent, 13.86 percent, and 8.35 percent, respectively.
See also: Footwear Manufacturing in Vietnam
Vietnam rubber products exports, December 2024, US$
December | November | MoM | 2024 | |
Total | 117,542,938 | 110,969,835 | 5.92% | 1,225,861,802 |
Other | 11,326,134 | 11,254,967 | 0.63% | 138,595,648 |
USA | 49,575,814 | 42,476,079 | 16.71% | 437,275,249 |
Japan | 14,017,124 | 16,272,077 | -13.86% | 167,203,798 |
South Korea | 9,080,752 | 8,152,743 | 11.38% | 99,929,605 |
China | 6,164,196 | 6,726,013 | -8.35% | 70,428,066 |
Germany | 3,614,867 | 2,312,214 | 56.34% | 32,598,994 |
Brazil | 2,456,239 | 4,316,790 | -43.10% | 30,761,021 |
UK | 2,187,974 | 2,090,092 | 4.68% | 31,283,634 |
India | 2,105,015 | 1,458,743 | 44.30% | 18,912,502 |
Australia | 1,975,755 | 1,587,298 | 24.47% | 22,081,900 |
Spain | 1,907,791 | 990,305 | 92.65% | 18,190,256 |
Thailand | 1,826,635 | 2,033,311 | -10.16% | 22,554,041 |
Netherlands | 1,765,460 | 1,022,150 | 72.72% | 14,281,497 |
Indonesia | 1,735,579 | 2,375,416 | -26.94% | 25,487,740 |
Taiwan | 1,673,994 | 1,329,832 | 25.88% | 15,901,482 |
Italy | 1,536,394 | 2,032,587 | -24.41% | 21,679,649 |
France | 1,157,908 | 1,254,134 | -7.67% | 17,489,958 |
Malaysia | 989,324 | 1,213,688 | -18.49% | 14,245,094 |
Cambodia | 868,264 | 882,295 | -1.59% | 10,062,333 |
Russia | 856,202 | 645,734 | 32.59% | 7,607,696 |
Belgium | 721,517 | 543,367 | 32.79% | 9,291,639 |
See also: How to Start an Export Business in Vietnam.