Among the many group of 6 agricultural merchandise introduced in Vietnam’s greenback export turnover in 2024, solely two objects continued to take care of “type” in January 2025. Accordingly, rubber and pepper nonetheless information development in export turnover, though the output is considerably reducing.
In accordance with the Ministry of Agriculture and Rural Improvement, in January 2025, estimated rubber export quantity reached 180,000 tons with export worth of 341 million USD, down 14.5% in quantity however elevated by 14.6% By way of worth in comparison with the identical interval in 2024. The common worth of rubber exported in January 2025 was estimated at 1,892 USD/ton, up 34% over the identical interval in 2024.
In 2024, rubber exports reached 2 million tons with a price of almost 3.42 billion USD, down 6.2% in quantity however elevated by 18.2% in worth in comparison with 2023. On common, 2024 reached 1,701 USD/ton, a rise of 26% in comparison with 2023.
By way of market, China continues to be the main market in all Vietnamese rubber consumption markets. In 2024, rubber exports to China reached almost 1.5 million tons, value 2.4 billion USD, down 8.5% in quantity however a rise of almost 11% in turnover in comparison with 2023. China accounted for 72. % in quantity and 71% of Vietnam’s rubber export turnover in 2024.
In 2024, Vietnam exported rubber to 2 million tons, the worth reached almost 3.42 billion USD. In January 2025, export “white gold” nonetheless recorded development, reaching 180,000 tons with export worth of 341 million USD. Photograph: Nguyen Vy
In accordance with the Vietnam Rubber Affiliation (VRA), rubber export turnover elevated sharply in 2024, primarily because of the rising export rubber worth. The evolution of rubber worth exported to China clearly confirmed the robust worth enhance of exported rubber usually previously yr.
Particularly, in January 2024, the common worth exported to China was 1,388 USD/ton, February elevated to 1,433 USD/ton. In April, the common rubber worth exported to China was US $ 1,510/ton, by July a mean of USD 1,619/ton. In September 2024, the common export worth of 1,724 USD/ton, and November 2024 was 1,905 USD/ton, 40% greater than November 2023.
VRA stated that in 2025, it guarantees to proceed to be a profitable yr for Vietnam’s rubber business, forecasting the overall export turnover of the entire business will attain 11-11.2 billion USD, up 10% in comparison with 2024.
The world rubber worth elevated sharply not solely good results on Vietnamese rubber costs but additionally serving to rubber firms develop effectively in income and revenue.
The consolidated monetary statements of the fourth quarter of 2024 revealed on January 24, 2025 of the Vietnam Rubber Business Group, stated that within the fourth quarter of 2024, this group achieved web income of over VND 9,300 billion, whereas the fourth quarter /2023 reached over VND 7,500 billion. In 2024, Vietnam Rubber Business Group recorded web income of over VND 26,000 billion.
Growing income helps revenue after tax 4/2024 reaching over VND 2,300 billion, up in comparison with the fourth quarter of 2023, reaching over VND 1,400 billion. Accrued in 2024, Vietnam Rubber Business Group recorded revenue after tax of VND 5,100 billion.
Mr. Le Thanh Hung, Basic Director of Vietnam Rubber Business Group, stated that the rise in revenue was primarily because of the greater worth of rubber than the identical interval final yr. The revenue in three way partnership firms additionally elevated in comparison with the identical interval final yr.
