To provide an acrylic rubber composition excellent in molding and processing characteristics, extremely excellent in mechanical properties, and having both low-temperature characteristics and oil resistance.

The acrylic rubber composition is composed of (A) an acrylic rubber and (B) a polyorganosiloxane-based graft polymer, and is excellent in molding and processing characteristics, is extremely excellent in mechanical properties, and has both low-temperature characteristics and oil resistance. A molded product having a good appearance and good characteristics is obtained from the composition and the molded product is useful as automobile, electric, and electronic components.