Vietnam Rubber Export Data 2024–25: Exploring the Top Rubber Suppliers & Exporters in Vietnam

Vietnam has long been one of the world’s leading sources of natural rubber. But in recent years, Vietnam’s rubber industry has gone through a significant transformation, not only in terms of output and export value, but also in the structure of its supply base, market composition, and downstream development. According to the Vietnam export data and Vietnam customs export data of rubber, the total value of Vietnam rubber exports reached a record high $7.37 billion in 2024, a 17% increase from the previous year. According to the Vietnam rubber export data & Vietnam customs data, Vietnam exported rubber worth $1.06 billion in the first two quarters of 2025. 

Vietnam is the 7th largest rubber exporter in the world, as per the global trade data. Vietnam exported over 2 million tons of rubber in 2024. In 2024 and 2025, global market conditions, price surges, and sustainability regulations have all shaped how Vietnamese rubber flows across borders. This report dives deep into the export data, identifies the top companies and regions leading production, and explains how the industry is positioning itself for the next phase of growth.

Vietnam’s Rubber Export Performance: 2024 Overview

Export Volume and Value

In 2024, Vietnam exported roughly 2 million tons of natural and semi-processed rubber, generating about 7.3 billion USD in export value. Compared to 2023, this represented a 6% decrease in export volume but a 17% increase in value.

The higher value despite lower tonnage is a clear indicator of improved global pricing and Vietnam’s success in upgrading its product mix. The average export price of rubber rose to around 1,700 USD per ton, up from approximately 1,350 USD per ton in 2023.

If we include the entire rubber industry, natural rubber, processed products (such as tires and gloves), and rubberwood, the total export turnover in 2024 reached an all-time high of 10.2 billion USD.

• Natural and semi-processed rubber: 3.4 billion USD

• Rubber-based industrial products: 4.5 billion USD

• Rubberwood and related goods: 2.3 billion USD

This composition shows a positive structural shift. The share of raw rubber exports is slowly declining as more processing capacity and finished-product exports develop within Vietnam.

Vietnam Rubber Exports by Country: Where Does Vietnam Export Rubber?

Vietnam is a leading exporter of rubber, with its products reaching various countries across the globe. With a surge in demand for rubber across the world, Vietnam has been able to capitalize on this opportunity and significantly increase its rubber exports. The main destinations for Vietnam's rubber exports include China, India, and Malaysia. China stands out as the largest buyer of Vietnamese rubber, followed closely by India and Malaysia. These countries rely on Vietnam for high-quality rubber products due to the country's skilled workforce and advanced manufacturing techniques. The top 10 rubber export destinations for Vietnam, as per the data on Vietnam rubber export by country and Vietnam shipment data for 2024-25, include: 

1. China: $2.52 billion (34.3%)

China stands as the largest importer of Vietnamese rubber, accounting for a significant portion of Vietnam's total rubber exports, as per the customs data on Vietnam rubber exports to China by HS code. The strong demand for rubber in various industries like automotive, manufacturing, and construction drives China to source quality rubber from Vietnam.

2. USA: $1.70 billion (23.2%)

The United States is another crucial market for Vietnam's rubber exports. With a diverse economy and a high demand for rubber in industries such as tire manufacturing, the USA continues to be a prominent importer of Vietnamese rubber.

3. Brazil: $328.23 million (4.5%)

Brazil has shown an increasing appetite for Vietnamese rubber in recent years, with a growing need for rubber in sectors like agriculture, automotive, and infrastructure development. Vietnam has emerged as a reliable supplier of rubber to meet Brazil's demand.

4. Japan: $256.04 million (3.5%)

Japan has a long history of importing rubber from Vietnam, and the trend continues thanks to the high quality and competitive pricing offered by Vietnamese rubber suppliers, as per the data on Vietnam rubber exports to Japan. The automotive and electronics industries in Japan heavily rely on Vietnamese rubber for their production needs.

5. India: $233.12 million (3.2%)

India has emerged as a key market for Vietnamese rubber exporters, with a rapidly growing industrial sector that demands a significant quantity of rubber for various applications. Vietnam's flexible supply chain and consistent quality have made it a preferred choice for Indian importers.

6. Russia: $207.65 million (2.8%)

Russia has also shown a growing interest in Vietnamese rubber, with diverse industries such as manufacturing, construction, and automotive driving the demand for rubber imports. Vietnam's proximity to Russia and efficient logistics have made it an attractive option for sourcing rubber.

7. South Korea: $182.95 million (2.5%)

South Korea remains a significant importer of Vietnamese rubber, with a focus on industries like electronics, automotive, and construction that rely heavily on rubber products. Vietnam's reputation for high-quality rubber and timely delivery has solidified its position as a go-to supplier for South Korea.

8. Germany: $177.18 million (2.4%)

Germany, known for its precision engineering and automotive industry, values the quality and durability of Vietnamese rubber. As a major exporter of rubber products, Vietnam has established itself as a reliable partner for meeting Germany's rubber supply needs.

9. Mexico: $110.74 million (1.5%)

Mexico has demonstrated a growing demand for Vietnamese rubber, with industries such as automotive, manufacturing, and infrastructure driving the need for quality rubber imports. Vietnam's competitive pricing and diverse product range have made it a favored supplier for Mexico.

10. Canada: $110.17 million (1.5%)

Canada rounds out the top countries importing Vietnamese rubber, with a variety of industries like construction, automotive, and agriculture relying on rubber products. Vietnam's strategic location and efficient trade routes have made it a convenient choice for Canadian importers.

List of Top Rubber Suppliers & Exporters in Vietnam: Vietnam Rubber Exporters Database

In the ever-growing landscape of rubber suppliers and exporters, the Vietnam Rubber Exporters Database stands out as a comprehensive directory showcasing the top players in the industry. This meticulously curated list offers invaluable insights into the leading rubber suppliers and exporters in Vietnam, catering to the diverse needs of businesses worldwide. Whether you are looking for reliable partners for sourcing high-quality rubber products or seeking new opportunities for expanding your export reach, this database serves as a trusted resource for industry professionals. The leading rubber suppliers in Vietnam, as per the Vietnam rubber exporters data and rubber suppliers list for 2024-25, include: 

Summary:

• Combined export value of these top 10 companies in 2024: roughly 1.9 billion USD.

• They collectively account for more than half of Vietnam’s total natural rubber exports.

• China remains the dominant destination, taking around 70% of Vietnam’s total rubber exports.

• Most companies export SVR3L, SVR10, and SVR20 grades, the main feedstock for tire manufacturing.

Vietnam Rubber Exports in the Last 10 Years: Historical Vietnam Rubber Export Data

Vietnam Rubber Export 2025 Early Data: Continued Strength in Value

During the first eight months of 2025, Vietnam exported about 1.11 million tons of rubber, earning 1.98 billion USD. This was slightly lower in volume (down 0.6%) than the same period in 2024, but the export value increased by 12.6% due to higher prices.

The average export price for this period reached 1,775 USD per ton, roughly 13% higher than a year earlier. Price resilience, driven by global supply tightness, has allowed Vietnamese exporters to sustain revenue growth even when physical shipments remain stable.

Global Price and Supply Dynamics

The 2024–25 rubber market was heavily influenced by a global production shortfall. The Association of Natural Rubber Producing Countries (ANRPC) estimated a global supply deficit of nearly 900,000 tons in 2024, caused by adverse weather, limited replanting, and aging trees in key producing nations.

This supply constraint coincided with rising demand from major consumers, especially China, India, and Southeast Asia’s tire and auto industries. As a result, Vietnam’s export prices surged to their highest level in years.

On the domestic front, Vietnam maintains around 930,000 hectares of rubber plantations, ranking it third globally after Thailand and Indonesia in natural rubber production. However, the productivity of these plantations has been under pressure. Some provinces reported yields averaging only 1.3 to 1.4 tons per hectare, slightly down from previous years. Replanting cycles and yield management remain key issues for maintaining output stability.

Key Export Destinations

China: The Dominant Buyer

China remains by far Vietnam’s largest customer, accounting for over 70% of total export volume and value. The proximity, preferential trade conditions, and China’s massive tire manufacturing base explain this dominance.

In 2024, more than 1.4 million tons of Vietnamese rubber were shipped to China, valued at over 2.4 billion USD. Chinese demand was driven by recovering automobile production, the expansion of electric vehicle manufacturing, and the resumption of post-pandemic industrial activity.

However, such a heavy dependence on one market exposes Vietnam to cyclical risks. Any slowdown in China’s automotive or construction sectors could immediately impact Vietnam’s rubber export revenue.

India: A Rapidly Growing Market

India has emerged as the second-largest importer of Vietnamese rubber. In 2024, Vietnam exported roughly 74,000 tons of rubber to India, generating about 123 million USD, up nearly 20% in volume and 43% in value compared to 2023.

By mid-2024, monthly shipments to India had already reached around 16,000 tons, reflecting a surge in tire manufacturing and domestic demand for raw materials in India. Vietnam’s natural rubber, especially SVR3L and SVR10 grades, has become highly competitive in the Indian market due to quality consistency and freight advantages.

Other Markets: South Korea, Malaysia, and the EU

Malaysia saw the fastest growth rate among secondary markets in 2024. Exports to Malaysia jumped more than fivefold, reaching 38,000 tons worth 56 million USD.

South Korea and Japan also continued to import Vietnamese rubber for industrial and tire applications, while the European Union remained a smaller but strategic market, accounting for roughly 3-4% of total exports.

The EU’s importance lies in its quality and sustainability standards. As the EU Deforestation Regulation (EUDR) begins to cover rubber, exporters with certified supply chains (traceable and deforestation-free) will be able to command premium prices.

Regional Rubber Production and Supply Hubs in Vietnam

Vietnam’s rubber production is geographically concentrated in the Southeast and Central Highlands regions.

• Binh Phuoc, Binh Duong, and Tay Ninh provinces are traditional strongholds, together contributing nearly 45% of the national output.

• Gia Lai, Kon Tum, and Dak Lak in the Central Highlands contribute another 25-30%, with newer plantations that tend to be more productive.

• Other provinces, such as Dong Nai, Quang Tri, and Quang Binh, also maintain smaller but steady plantation areas.

Many of these regions have built processing clusters that include both latex collection centers and rubber-smoke-sheet factories, which enable faster processing and export turnaround times.

Leading Rubber Suppliers in Vietnam

Vietnam’s rubber industry is a mix of large state-owned groups, joint-stock companies, and private processors. The following are among the top suppliers and exporters dominating the market in 2024–25.

1. Vietnam Rubber Group (VRG)

Vietnam Rubber Group (VRG) is the country’s largest and most influential rubber enterprise. It oversees 390,000 hectares of plantations and operates dozens of processing plants.

In 2024, VRG’s consolidated revenue was approximately 26.2 trillion VND (around 1.1 billion USD), with after-tax profits exceeding 5 trillion VND. The group’s export portfolio includes natural rubber latex, technically specified rubber (TSR), and value-added products such as gloves and mattresses.

VRG also holds rubber estates in Laos and Cambodia, expanding its export base beyond domestic sources. The group is spearheading sustainability certification under the Vietnam Forest Certification Scheme (VFCS) and PEFC to comply with EU and Japanese market requirements.

2. Dong Nai Rubber Corporation (DO RUCO)

A subsidiary of VRG, DO RUCO manages more than 17,000 hectares of plantations. In 2024, it processed 46,500 tons of latex and sold around 40,000 tons of rubber, achieving revenues near 2.3 trillion VND.

Its products include SVR3L, SVR10, SVR20, and RSS grades, catering to major customers in China and India. The company has also been investing in replanting programs and automation in processing lines to enhance efficiency.

3. Phuoc Hoa Rubber Joint Stock Company (PHURUCO)

PHURUCO is one of the oldest and most reputable rubber companies in southern Vietnam. It operates a large estate in Binh Duong province and focuses on export-quality natural rubber and value-added processing.

The company has also diversified into rubberwood furniture production, targeting the EU and Japan. Its strategic integration across the rubber chain, from plantation to finished product, makes it one of Vietnam’s most vertically integrated players.

4. Dong Phu Rubber Company

Dong Phu, also part of VRG, runs plantations in Binh Phuoc and neighboring areas. With extensive plantation coverage and modern processing facilities, Dong Phu is among the top exporters of SVR10 and SVR20 grades to China and India.

The company’s financials remain strong thanks to high export prices in 2024 and cost efficiency from economies of scale.

5. Tay Ninh Rubber Company

Tay Ninh Rubber has steadily increased production and exports, focusing on raw and semi-processed natural rubber. It benefits from proximity to Cambodia’s border, allowing it to source latex from cross-border smallholders to supplement domestic supply.

6. Private Exporters and Joint Ventures

Several private firms, including Huu Nghi Rubber, Tan Bien Rubber, and Casumina (for tires and finished products), also play key roles. Casumina, in particular, is Vietnam’s largest tire manufacturer and exporter, producing both natural and synthetic rubber-based products for global markets.

Export Structure and Product Breakdown

Vietnam’s rubber exports are divided mainly into:

• Technically Specified Rubber (TSR): 65% of export volume

• Latex (concentrated and mixed): 20%

• Ribbed Smoked Sheet (RSS) and other forms: 15%

The most popular grades exported are SVR3L, SVR10, and SVR20, which meet industrial standards for tire manufacturing.

In addition, rubberwood exports have grown sharply. Rubberwood furniture and panel products now contribute over 2 billion USD annually, supported by sustainability certifications and Vietnam’s competitive woodworking industry.

Key Vietnam Rubber Industry Metrics and Interpretation

Challenges and Risks

1. Overdependence on China

China’s 70% market share in Vietnam’s rubber exports is both a strength and a vulnerability. Any slowdown in China’s automotive, tire, or construction sectors can instantly affect Vietnamese exporters.

2. Declining Yield and Aging Trees

Many plantations established in the early 2000s are now reaching the end of their optimal latex-yielding lifespan. Replanting and rejuvenation programs are necessary to prevent long-term productivity decline.

3. Compliance with Global Regulations

The EU Deforestation Regulation (EUDR), effective from 2025, requires traceable, deforestation-free sourcing for rubber entering the European market. This presents logistical and documentation challenges, especially for smallholder farmers who contribute over 50% of Vietnam’s latex supply.

4. Price Volatility

Global rubber prices are cyclical and heavily dependent on crude oil (which affects synthetic rubber) and automotive demand. If global supply rebounds, prices could fall quickly.

5. Labor and Cost Pressures

Rubber harvesting remains labor-intensive. Rising rural wages and the shortage of skilled tappers in key regions could push up production costs, reducing competitiveness.

Opportunities and Outlook for 2025–26

1. Market Diversification

India, Malaysia, and other ASEAN countries are rapidly increasing imports. By expanding marketing and logistics networks in these regions, Vietnam can gradually reduce its dependence on China.

2. Value-Added Processing

Investment in processing plants for rubber compounds, tires, gloves, and industrial components is increasing. This trend aligns with Vietnam’s strategy to capture more value within the country rather than exporting raw latex.

3. Sustainability and Certification

Enterprises with VFCS/PEFC or FSC certifications will have easier access to premium markets like the EU, Japan, and South Korea. Certified plantations will also attract better pricing and long-term supply contracts.

4. Technology and Productivity

Automation in tapping, latex collection, and quality control can improve yields and reduce labor costs. Several large companies are piloting electronic tapping sensors and real-time latex flow monitors to modernize plantation management.

5. Export Targets

The Vietnam Rubber Association forecasts total rubber export revenue (including processed goods and wood) to reach 11 to 11.2 billion USD in 2025. With stable volume and rising unit prices, this goal appears achievable.

Conclusion and Final Thoughts

Vietnam’s rubber sector stands on a strong foundation of scale, experience, and global demand. The year 2024 showed how the country could achieve record export value despite shrinking volumes, a sign of resilience and strategic upgrading.

For 2025 and beyond, the focus will shift toward:

• Diversifying markets beyond China

• Strengthening sustainability compliance for EU access

• Investing in downstream processing for higher margins

• Modernizing plantations to stabilize yields and lower costs

Major enterprises like the Vietnam Rubber Group, Phuoc Hoa Rubber, Dong Phu Rubber, and DO RUCO will continue leading exports, but smaller processors with agility and certification-ready operations will also find new opportunities in emerging markets. The next few years are likely to define whether Vietnam remains primarily a supplier of raw rubber or evolves into a global hub for high-value, certified, and processed rubber products, a shift that could permanently elevate the industry’s role in international trade.

We hope that you liked our data-driven and insightful blog report on the Vietnam rubber export data 2025. For the latest Vietnam import-export data, or to search live data on Vietnam rubber exports by country or company, visit VietnamExportdata. Contact us at info@tradeimex.in for customized trade reports, market insights, and a verified database of the top rubber suppliers & exporters in Vietnam, as per your business needs.