2022
Exports
$1.23BWorld Rnk 5 / 131
Flag Rnk 56 / 1176
2022
PRODUCT COMPLEXITY IN Rubber
-2.24Rnk 1010 / 1025
2022
Imports
$951MWorld Rnk 6 / 192
Flag Rnk 75 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $1.23B in Rubber, making it the 5th largest exporter of Rubber in the world. At the same year, Rubber was the 56th most exported product in Vietnam. The main destination of Rubber exports from Vietnam are: China ($329M), India ($213M), South Korea ($76.2M), Chinese Taipei ($68.7M), and Turkey ($67.8M).

The fastest growing export markets for Rubber of Vietnam between 2021 and 2022 were China ($70.4M), Russia ($15.7M), and Turkey ($5.19M).

Imports In 2022, Vietnam imported $951M in Rubber, becoming the 6th largest importer of Rubber in the world. At the same year, Rubber was the 75th most imported product in Vietnam. Vietnam imports Rubber primarily from: Cambodia ($605M), Laos ($212M), Thailand ($73.3M), Cote d'Ivoire ($22M), and Indonesia ($12.5M).

The fastest growing import markets in Rubber for Vietnam between 2021 and 2022 were Laos ($34.1M), Cote d'Ivoire ($10.6M), and Thailand ($1.65M).

COMPANIES In 2023, leading companies such as Rothfos (4) were at the forefront of shipping Rubber from Vietnam to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Rubber. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.23B
IMPORTS (2022)$951M
NET TRADE (2022)$282M

In 2022, Vietnam exported $1.23B in Rubber. The main destinations of Vietnam exports on Rubber were China ($329M), India ($213M), South Korea ($76.2M), Chinese Taipei ($68.7M), and Turkey ($67.8M).

In 2022, Vietnam imported $951M in Rubber, mainly from Cambodia ($605M), Laos ($212M), Thailand ($73.3M), Cote d'Ivoire ($22M), and Indonesia ($12.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
China$70.4M (27.2%)
Russia$15.7M (44.5%)
Turkey$5.19M (8.28%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber BY Vietnam WERE (2021 - 2022):
Chinese Taipei-$24.6M (-26.3%)
Belarus-$22.9M (-97.2%)
Germany-$21.2M (-28.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Rubber were:
In 2022, Vietnam's main importing competitors in Rubber were:

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Trade Value of Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $162M
TOP IMPORT POTENTIALThailand+ $28M

Rubber’s highest export potential is China. With an export gap of $162M.   Rubber’s highest import potential is Thailand with an import gap of $28M.

See methodology.

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