In the first six months of 2021, Vietnam’s rubber exports reached an estimated 681,000 tons, worth USD 1.15 billion — up 41.3% in volume and nearly 80% in value compared with the same period in 2020.
According to the Import–Export Department (Ministry of Industry and Trade), June 2021 exports were estimated at 130,000 tons with a total value of USD 221 million, up 57% in volume and 54.2% in value compared with May 2021.
Compared with June 2020, export volume decreased 4.7%, but export value rose by over 36%, reflecting a sharp increase in unit prices. The average export price was around USD 1,700 per ton, down slightly (2%) month-on-month but up 42.8% year-on-year.
For the first half of 2021, cumulative rubber exports amounted to 681,000 tons, worth USD 1.15 billion, marking a 41.3% rise in quantity and nearly 80% surge in value year-on-year.
Strong Growth Across Major Rubber Categories
Customs data show that during the first five months of 2021, most types of exported rubber recorded higher growth compared with the same period last year.
Notably, several categories saw strong increases in both volume and export value, including Latex, RSS1, synthetic rubber, SVR 10, RSS3, SVR 3L, and SVR CV60.
Among these, mixed natural and synthetic rubber (HS code 400280) remained Vietnam’s top export, accounting for 60.23% of total rubber exports — equivalent to 331,860 tons, worth USD 536.4 million. This represents an increase of 64% in volume and 96.7% in value compared to the same period in 2020.
China continued to dominate Vietnam’s rubber export destinations, accounting for 99.5% of all mixed natural and synthetic rubber shipments. Exports to China reached 330,190 tons, worth USD 533.26 million, up 65% in volume and 98% in value from 2020 levels.
Export Prices Continue to Rise
During the first five months of 2021, average export prices for most rubber grades increased compared to the same period in 2020 — except for synthetic rubber and reclaimed rubber, whose prices fell slightly.
Several key product types experienced notable price increases year-on-year:
-
Latex: +38.6%
-
RSS1: +37.7%
-
RSS3: +32.4%
-
SVR CV60: +30.2%
-
SVR 3L: +29.1%
-
SVR CV50: +28%
These figures underscore Vietnam’s strong performance in both rubber export value and pricing, driven primarily by China’s robust demand, recovery in industrial manufacturing, and tight global rubber supply.