February 19, 2025 | 15:07 (GMT+7)
Vietnam’s rubber export expected to hit 11 billion USD in 2025
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.
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A worker extracts rubber latex. (Photo: VNA) |
In January, Vietnam exported about 180,000 tons 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 ton, 34% higher than that of the same period last year.
According to Vietnam Customs, in 2024, the country exported about 2 million tons of rubber worth 3.42 billion USD, surpassing the highest level of 3.3 billion USD recorded in 2022.
Source: VNA