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Vietnam's rubber export value is expected to reach between 3.3-3.5 billion USD by the end of 2024, forecast the Vietnam Rubber Association. Over the first four months of the year, the country exported 499,000 tonnes of rubber worth 743 million USD, up 6.4% in volume and 14% in value compared to the same period in 2023. In Q1 2024 alone, the export price of Vietnamese rubber increased by 5.3% to 1,466 USD per tonne.

China remained the largest consumer of Vietnamese rubber during this time, accounting for 80% of the country's total export volume, followed by India. With the recovery of the global automobile and tyre industries, especially in China, Vietnam's rubber exports are expected to surge in Q2 2024 and enjoy favorable conditions for the remainder of the year[1][2][3][4][5].

Citations:
[1] https://vietnamnet.vn/en/vietnam-business-news-may-23-2024-2283286.html
[2] https://tradecouncil.org/vietnams-rubber-exports/
[3] http://www.china.org.cn/world/Off_the_Wire/2024-05/21/content_117203532.htm
[4] https://english.news.cn/20240521/08019c233efb48878d4793cbd915ea29/c.html
[5] https://vnanet.vn/Frontend/TrackingView.aspx?IID=7386908

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