Rubber Utilizes Key Markets, Explores Emerging Markets

The United States is one of the top 10 largest markets for Vietnamese rubber. However, the country's market share remains quite small. In 2024, rubber exports to the United States reached 29,000 tons, valued at $52 million, accounting for 1.3% in volume and 1.5% of rubber export value to markets. In the early months of this year, while rubber exports to the three largest markets - China, India, and South Korea - decreased in volume, exports to the United States increased. Specifically, in the first four months, rubber exports to the United States reached 8,000 tons, a 6% increase compared to the same period in 2024. However, the rubber market has been somewhat impacted by the new tax policy of the United States. After the Trump administration announced retaliatory tariffs against trade partners, global rubber prices were significantly affected. According to the Import-Export Department (Ministry of Industry and Trade), in April, global rubber prices dropped to their lowest level ...