2022
Exports
$6.94BWorld Rnk 9 / 226
Flag Rnk 10 / 96
2022
PRODUCT COMPLEXITY IN Rubber & articles thereof
0.93Rnk 199 / 1025
2022
Imports
$3.67BWorld Rnk 19 / 226
Flag Rnk 21 / 96
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $6.94B in Rubber & articles thereof, making it the 9th largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 10th most exported product in Vietnam. The main destination of Rubber & articles thereof exports from Vietnam are: China ($2.47B), United States ($1.65B), Japan ($258M), Brazil ($246M), and India ($234M).

The fastest growing export markets for Rubber & articles thereof of Vietnam between 2021 and 2022 were United States ($270M), Brazil ($123M), and Cambodia ($111M).

Imports In 2022, Vietnam imported $3.67B in Rubber & articles thereof, becoming the 19th largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 21st most imported product in Vietnam. Vietnam imports Rubber & articles thereof primarily from: China ($1.02B), Cambodia ($618M), Thailand ($450M), South Korea ($357M), and Japan ($252M).

The fastest growing import markets in Rubber & articles thereof for Vietnam between 2021 and 2022 were China ($192M), Thailand ($55.3M), and Laos ($43.7M).

COMPANIES In 2023, leading companies such as Sailun Tire (5.46k), Goodyear Tire and Rubber (832), and Hyosung (711) were at the forefront of shipping Rubber & articles thereof from Vietnam to the United States.

Latest Trends

Jul 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 & articles thereof. 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)$6.94B
IMPORTS (2022)$3.67B
NET TRADE (2022)$3.27B

In 2022, Vietnam exported $6.94B in Rubber & articles thereof. The main destinations of Vietnam exports on Rubber & articles thereof were China ($2.47B), United States ($1.65B), Japan ($258M), Brazil ($246M), and India ($234M).

In 2022, Vietnam imported $3.67B in Rubber & articles thereof, mainly from China ($1.02B), Cambodia ($618M), Thailand ($450M), South Korea ($357M), and Japan ($252M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$270M (19.6%)
Brazil$123M (101%)
Cambodia$111M (291%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY Vietnam WERE (2021 - 2022):
Belarus-$23.6M (-83.8%)
Chinese Taipei-$20.6M (-16.4%)
Sri Lanka-$19.3M (-37.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Rubber & articles thereof were:
China $33.5B
Germany $17.1B
In 2022, Vietnam's main importing competitors in Rubber & articles thereof were:

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Trade Value of Rubber & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $562M
TOP IMPORT POTENTIALChina+ $311M

Rubber & articles thereof’s highest export potential is China. With an export gap of $562M.   Rubber & articles thereof’s highest import potential is China with an import gap of $311M.

See methodology.

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