Vietnam’s rubber export expected to hit 11 billion USD this year
Vietnam’s rubber export is forecast to hit 11 billion USD in 2025, marking a yearly growth rate of 10% .
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| A worker extracts rubber latex. (Photo: VNA) |
The Vietnam Rubber Association (VRA) forecast that the country's rubber export will hit 11 billion USD in 2025, marking a yearly growth rate of 10% .
Rubber prices in the world market are increasing sharply, which help rubber companies gain positive growth in revenue and profits.
In January, Vietnam exported about 180,000 tonnes of rubber worth 341 million USD, an 14.5% decrease in volume and a 14.6% increase in value year-on-year.
The average export price in January was estimated at 1,892 USD per tonne, 34% higher than that of the same period last year.
According to Vietnam Customs, in 2024, the country exported about 2 million tonnes of rubber worth 3.42 billion USD, surpassing the highest level of 3.3 billion USD recorded in 2022.
(Source: VNA)
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