AsemconnectVietnam - The Vietnam Rubber Association (VRA) estimates that the total export value of the rubber industry in 2025 may reach approximately US$11 billion, including natural rubber, processed rubber products, and rubber wood.

According to the data from the Ministry of Agriculture and Environment, in the first 11 months of 2025, Vietnam's rubber exports reached approximately 1.7 million tonnes, with a value of US$2.89 billion, a decrease of 6.8% in volume and 2.4% in value compared to the same period of 2024.
However, the VRA stated that the above export figures and the estimated US$3.2 billion for the whole year of 2025 only reflect the exports of natural rubber latex alone. If all product groups in the rubber industry value chain are included, including deeply processed rubber products (tires, gloves, technical components, etc.) and rubber wood, the total export value of the entire industry in 2025 is estimated to reach approximately US$11 billion, an increase of about 3% compared to 2024.
Notably, in the overall export structure of the industry, the processed rubber products continue to play a major role as the main growth driver, with an estimated export value of approximately US$5.3 billion. Rubber wood exports reached over US$3.1 billion, while natural rubber exports maintained a level of above US$3.2 billion. This structure shows a positive shift in the industry towards increasing value and gradually reducing dependence on raw material exports.
According to VRA's assessment, in 2025, the global economy will recover better than previously forecast, but will still face many uncertainties. Increased trade protectionism in some major markets, prolonged geopolitical tensions in many regions, and the increasingly evident impact of climate change are directly affecting the global rubber industry in general and Vietnam in particular.
The extreme weather, unusual floods and droughts have impacted the productivity and output of latex tapping in many rubber-growing regions. In addition, US tariff policies, exchange rate fluctuations, and rising logistics and energy costs have increased production and transportation costs, affecting the competitiveness of businesses.
In particular, the cautious sentiment from both producers and importers in the context of a volatile market has somewhat hampered the recovery of rubber prices. In the long term, the trend towards using alternative materials, synthetic rubber, as well as the rapid development of environmentally friendly transportation, especially electric vehicles, is posing new challenges to the demand for natural rubber.
Mr. Le Thanh Hung, Chairman of VRA and General Director of the Vietnam Rubber Industry Group, believes that opportunities always exist amidst challenges, if the rubber industry effectively utilizes the emerging sustainable development trends in the global market.
Accordingly, the industry's key orientations in the coming period include: promoting green transformation and strengthening traceability; accelerating technological innovation to reduce emissions and conserve resources; strengthening linkages between businesses and localities and rubber-growing households; diversifying export markets, while promoting the production of high-value-added processed products.
In addition, proactively monitoring and updating international trade policy changes to promptly adjust production and business plans is also considered a key factor.
VRA predicts that the period from 2026 to 2030 will open up many new opportunities for the industry. Demand for rubber and rubber products in the Middle East, India, and Africa is expected to continue growing. Tariff reductions under the Free Trade Agreements (FTAs) that Vietnam has signed and is implementing also create more room for businesses to expand exports. Furthermore, the ongoing trend of supply chain shifts in the Asia-Pacific region presents opportunities to attract investment, expand production, and participate more deeply in the global value chain for the Vietnamese rubber industry.
CK
Source: VITIC/vneconomy.vn