July 20, 2025 | 08:20 GMT +7

  • Click to copy
Monday- 10:27, 29/07/2024

China is still Vietnam's largest rubber export market

(VAN) China's rubber demand may be affected in the coming time as the EU has imposed a 37.6% tax on electric vehicles imported from this country since July 5.

According to the Import-Export Department (Ministry of Industry and Trade), in the first 6 months of 2024, China is still Vietnam's largest rubber export market, but the amount of rubber exported to this market decreased compared to the same period in 2023.

Statistics from the General Department of Vietnam Customs show that in the first 6 months of 2024, Vietnam exported more than 489 thousand tons of rubber to China, reaching nearly 718 million USD, down 16% in volume and 8% in value compared to the same period in 2023.

In the first 6 months of 2024, Vietnam exported more than 489 thousand tons of rubber to China, reaching nearly 718 million USD. Photo: Tran Trung.

In the first 6 months of 2024, Vietnam exported more than 489 thousand tons of rubber to China, reaching nearly 718 million USD. Photo: Tran Trung.

Rubber exports to China accounted for 67.35% in volume and 64.8% in value of the country's total rubber exports in the first 6 months of 2024.

China's rubber demand may be affected in the coming time as the EU has imposed a 37.6% tax on electric vehicles imported from this country since July 5.

Experts predict that the higher temporary tariffs will reduce China’s electric vehicle imports by 42%. In addition, electric vehicle prices could increase by an average of 0.3-0.9% in the EU. If China’s electric vehicle exports are affected, China’s demand for rubber imports to produce tires will also decrease accordingly.

In the first 6 months of 2024, Vietnam exported to China mainly a mixture of natural rubber and synthetic rubber (HS 400280), accounting for 80.9% in volume and 83.02% in value of total rubber exports to this market, with nearly 396 thousand tons, reaching 596 million USD, down 21.6% in volume and down 13.7% in value compared to the same period in 2023.

Latex ranked second, accounting for 12.88% in volume and 10.21% in value of total rubber exports to the Chinese market, with more than 63 thousand tons, worth more than 73 million USD, up 39.8% in volume and 66.2% in value over the same period in 2023.

Also in the first half of 2024, the export volume and value of some rubber varieties to China increased compared to the same period in 2023 such as: Recycled rubber, SVR CV60, SVR 5, SVR 20, RSS1, etc. However, the export of some varieties such as: SVR 3L, SVR 10, RSS3, SVR CV50 still decreased sharply compared to the same period in 2023.

The average export price of all rubber varieties to China in the first 6 months of 2024 all increased compared to the same period in 2023, of which the strongest increase was SVR 20 up 19.3%; Latex up 18.9%; SVR CV60 up 15.5%; Recycled rubber up 14.7%; SVR 5 up 14%; SVR 10 up 13.4%, etc.

Author: Phuong Ngoc

Translated by Phuong Linh

Vietnamese coconuts face the opportunity for export breakthrough

Vietnamese coconuts face the opportunity for export breakthrough

(VAN) Fresh coconuts have risen to become one of the top three exported fruits but still face numerous challenges in farming areas, varieties, branding, and logistics.

Specialty coffee helps Vietnam agribusinesses conquer the EU market

Specialty coffee helps Vietnam agribusinesses conquer the EU market

(VAN) Developing specialty coffee, promoting deep processing, and traceability helps increase the export value of coffee and conquer demanding markets.

Hai Phong's agricultural products impress international delegates at ABAC III

Hai Phong's agricultural products impress international delegates at ABAC III

(VAN) During the ABAC III Week, Hai Phong's specialties, such as rice, ginger tea, and mung bean cakes, conquered international visitors, opening up new opportunities for local agricultural products.

An Giang maps planting area codes to bring its agricultural products to the global market

An Giang maps planting area codes to bring its agricultural products to the global market

(VAN) An Giang is gradually completing the mapping of cultivation area codes and expanding agricultural production areas to serve both export and domestic consumption.

Taking Da Nang local specialties abroad

Taking Da Nang local specialties abroad

(VAN) Da Nang is ramping up exports of OCOP products, gradually bringing local specialties to international markets and affirming the value of Vietnamese agricultural products on the global export map.

OCOP 5-star exported products from a rural Vietnam village

OCOP 5-star exported products from a rural Vietnam village

(VAN) Today, Quang Thuy Wooden Chopsticks Cooperative exports around one million handcrafted chopsticks annually from a rural community in Vietnam.

Coffee exports showed positive growth in the first half of 2025

Coffee exports showed positive growth in the first half of 2025

(VAN) Effectively leveraging FTAs such as the EVFTA, UKVFTA, and CPTPP has helped coffee enterprises expand their export markets.

Read more