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Export News
2025-07-28
In 2024, worldwide exports of natural rubber amounted to US$15.9 billion. This represents a robust 43.3% increase from the $11.1 billion recorded in 2020.
On a year-over-year basis, international shipments of natural rubber grew by 27.4%, rising from $12.5 billion in 2023.
The top five exporters—Thailand, Indonesia, Ivory Coast, Vietnam, and Malaysia—accounted for nearly four-fifths (79.1%) of the world’s natural rubber exports in 2024, highlighting the dominance of this concentrated group of suppliers.
Asia led global exports with shipments worth $11.7 billion, or 73.4% of the total.
Africa ranked second, providing 19.4% of the global total.
Europe followed with a 5% share.
Smaller contributions came from Latin America (1.5%) excluding Mexico but including the Caribbean, North America (0.6%), and Oceania (0.04%), the latter mainly represented by Papua New Guinea, Norfolk Island, and Australia.
Note: The Harmonized Tariff System (HTS) code prefix for natural rubber is 4001.
Top Natural Rubber Exporting Countries (2024)
Below are the 15 leading exporters by value:
1.Thailand – US$5 billion (31.2%)
2.Indonesia – $2.9 billion (18.3%)
3.Ivory Coast – $2.5 billion (15.5%)
4.Vietnam – $1.3 billion (8%)
5.Malaysia – $985.8 million (6.2%)
6.Cambodia – $595.4 million (3.7%)
7.Laos – $397.2 million (2.5%)
8.Belgium – $394.3 million (2.5%)
9.Ghana – $227.4 million (1.4%)
10.Myanmar – $225.6 million (1.4%)
11.Guatemala – $185.1 million (1.2%)
12.Liberia – $182.4 million (1.1%)
13.Philippines – $131.3 million (0.8%)
14.Germany – $127.3 million (0.8%)
15.United States – $88.5 million (0.6%)
These 15 nations collectively supplied 95.2% of the world's natural rubber exports in 2024.
The fastest-growing exporters from 2023 to 2024 were: Ghana (+104.1%), Liberia (+87.9%), Myanmar (+87.3%), and Vietnam (+49.8%).
Those with the slowest growth included: United States (+1.9%), Philippines (+5.3%), Guatemala (+6.1%), and Cambodia (+6.6%).
Leading Natural Rubber Manufacturing Companies
Below are major corporations involved in the natural rubber trade, many of which are prominent tire manufacturers:
1.CÔNG TY TNHH SẢN XUẤT DỊCH VỤ KHẮC DẤU TIẾN DŨNG – 6.07% ($2,187.58 million)
2.Balkrishna Industries Limited – 4.47% ($1,608.24 million)
3.CÔNG TY TNHH Sailun Việt Nam – 2.37% ($852.45 million)
4.Pirelli – 1.52% ($548.96 million)
5.SAPH (Société Africaine de Plantation d’Hévéas) – 1.42% ($511.99 million)
6.CÔNG TY CỔ PHẦN Vạn Lợi Kon Tum – 1.34% ($481.76 million)
7.CÔNG TY TNHH Tỷ Xuân – 1.11% ($400.1 million)
8.CÔNG TY TNHH Giầy Annora Việt Nam – 1.08% ($388.37 million)
9.CÔNG TY TNHH Sao Vàng – 1.04% ($375.6 million)
10.CÔNG TY TNHH Giầy Roll Sport Việt Nam – 1.03% ($371.44 million)
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