In the third quarter of this year, world rubber prices decreased due to strong supply increases during the peak mining season, along with concerns about the impact of the US countervailing tax policy. Entering October 2025, world rubber prices continued to decrease for most of the month, but reversed and increased sharply again at the end of the month.
According to the Ministry of Industry and Trade, Vietnam's rubber exports in the third quarter of 2025 reached 598,094 tons, worth 995.1 million USD. This result has increased sharply by 92.4% in volume and 81% in value compared to the second quarter of 2025, while increasing by 1.5% in volume and 0.8% in value compared to the third quarter of 2024.
The increase compared to the previous quarter was mainly due to seasonal factors, when rubber trees entered the peak exploitation period of the year. In the first 9 months of 2025, Vietnam exported a total of 1.29 million tons of rubber, down slightly by 1.9% over the same period last year. However, thanks to prices remaining high, export value still increased by 8.9% over the same period last year, reaching nearly 2.3 billion USD.
In the third quarter of 2025, Asia will continue to be the main export market for Vietnamese rubber, accounting for 88.2% of total export value, reaching 878.41 million USD, up 2.8% over the same period in 2024.
Of which, China is still the largest market, reaching 727.75 million USD, up 10.9% over the same period last year. Exports to other key markets such as Malaysia and Indonesia also recorded an increase of 23% and 100% respectively, reaching about 2122 million USD.
In contrast, the value of rubber exports to India decreased sharply by nearly 47% compared to the third quarter of 2024, down to 46.95 million USD. In the first 9 months of 2025, rubber exports to Asia reached 2 billion USD, up 10.8% over the same period last year. This growth momentum is mainly due to increased exports to China, Malaysia and Indonesia, which has compensated for the decline in exports to the Indian market.
Notably, Asia and the US was a new bright spot with a value increase of 4.3% in the third quarter and an increase of 19.6% after the first 9 months of 2025, reaching nearly 85 million USD, thanks to export growth to the US and Canada. However, after stepping up purchases in the first half of the year to avoid the impact of counterpart taxes, the value of rubber exports to the US has stagnated and decreased by 7.5% in the third quarter.
In contrast, rubber exports to Europe decreased by 17.6% in the third quarter and decreased by 9.4% after the first 9 months of 2025, to 176.75 million USD, holding the position of the second largest importing region of Vietnam. Rubber exports to African and Atlantic markets also decreased by 10.2% and 5.6% in the third quarter, respectively, and decreased by 3.6% and 14.1% in the first 9 months of 2025.
By the end of the third quarter of 2025, except for a slight decline in the EU market, the value of rubber imports from leading consuming countries has generally increased compared to the same period last year. However, Vietnam's market share has decreased in 3 of the 5 largest importing markets, reflecting the increasingly fierce competition between suppliers.
