All Vietnam's rubber’s top 15 export markets saw growth in export values in 2024, with Malaysia recording the highest increase, expanding fivefold, followed by Sri Lanka at 3.7 times, according to the Vietnam Rubber Association (VRA).
The EU Deforestation Regulation (EUDR) poses challenges for Vietnam's rubber industry, but it also opens doors to new opportunities.
Vietnam's rubber sector in general, and processing and export enterprises in particular have taken actions to comply with the EU’s Deforestation Regulation (EUDR) in order to avoid any impact on rubber exports to the EU market.
VOV.VN - Vietnam exported 1.37 million tonnes of rubber worth US$2.18 billion during the nine-month period, representing a fall of 2.2% in volume but an increase of 16.4% in value against the same period from last year, according to details given by the Ministry of Industry and Trade.
Vietnam’s rubber exports topped US$1.7 billion in the first eight months of 2024, statistics show.
VOV.VN - Vietnam was India’s second largest supplier of rubber during the first five months of this year, according to data released by the Ministry of Industry and Trade’s Agency of Foreign Trade.
VOV.VN - The first five months of the year witnessed the Sri Lankan market abruptly increase rubber imports from Vietnam with a growth of 435.7% in volume and 530.5% in value.
VOV.VN - The 12th Hanoi plastics and rubber industry exhibition (HanoiPlas) 2024 kicked off at International Center for Exhibition in Hanoi on June 5, attracting more than 200 exhibitors from 13 countries and territories globally.
VOV.VN - There remains plenty of room ahead to grow Vietnamese rubber exports to the United States amid the nation’s share of the rubber market in the US has seen gradual improvement.
Local rubber tire producer, Da Nang Rubber joint-stock Corporation and Oceanside One Trading company from Brazil have inked an agreement on rubber tire distribution contract in Brazil and the US market, promising an increase in export turn-over from US$70 million to US$150 million per year.