On May 31, according to the latest data, in the first four months of 2023, Vietnam's natural rubber exports dropped by 18% compared with the same period last year, reaching a total of 164,000 tons. Among them, the export volume of standard rubber was 110,000 tons, a year-on-year decrease of 20%; the export volume of tobacco sheet rubber was 18,000 tons, a year-on-year decrease of 18%; and the export volume of latex was 33,000 tons, a year-on-year decrease of 18%.

At the same time, Vietnam's mixed rubber exports increased by 8.6% during the January-April period to 317,000 tons, an increase from 292,000 tons in the same period last year. Among them, the export volume of SVR3L mixed rubber was 63,000 tons, a year-on-year increase of 8.6%; the export volume of SVR10 mixed rubber was 250,000 tons, a year-on-year increase of 8.7%; and the export volume of RSS3 mixed rubber was 5,000 tons, a year-on-year increase of 33%.

In addition, Vietnam's natural rubber exports to the Chinese market also showed significant growth during the period from January to April, reaching 37,000 tons, an increase of 68% from 22,000 tons in the same period last year.

Similarly, Vietnam's mixed rubber exports to the Chinese market also showed a positive trend, with a total export volume reaching 317,000 tons, an increase of 8.6% from 292,000 tons in the same period last year. Among them, the export volume of SVR3L mixed rubber was 63,000 tons, a year-on-year increase of 8.6%; the export volume of SVR10 mixed rubber was 250,000 tons, a year-on-year increase of 8.7%; and the export volume of RSS3 mixed rubber was 4,000 tons, a year-on-year increase of 14%.

Overall, from January to April this year, Vietnam's total exports of natural rubber and mixed rubber were 481,000 tons, a decrease of 2.4% from 493,000 tons in the same period last year. However, during this period, Vietnam's rubber exports to the Chinese market showed a clear growth trend, with export volume reaching 354,000 tons, an increase of 13% from 314,000 tons in the same period last year. This shows that Vietnam's rubber industry is becoming increasingly competitive in the Chinese market.