Vietnam raked in US$2.07 billion from the export of 1.25 million tonnes of rubber during the opening 11 months of the year, down 15.5% in volume but up 5.5% in value compared to the same period last year, according to the Import-Export Department under the Ministry of Industry and Trade.
October alone witnessed Vietnam export 7,260 tonnes of rubber to Malaysia, valued at US$11.5 million, marking an annual rise of 861% in volume and 1,240% in value, according to the General Department of Customs.
October alone saw Vietnam export 7,260 tonnes of rubber to Malaysia, valued at 11.5 million, a year-on-year rise of 861% in volume and 1,240% in value, according to the General Department of Customs.
Vietnam exported 1.37 million tonnes of rubber worth US$2.18 billion during the nine-month period, representing a fall of 2.2% in volume but an increase of 16.4% in value against the same period from last year, according to details given by the Ministry of Industry and Trade.
The first five months of the year witnessed the Sri Lankan market abruptly increase rubber imports from Vietnam with a growth of 435.7% in volume and 530.5% in value.
There remains plenty of room ahead to grow Vietnamese rubber exports to the United States amid the nation’s share of the rubber market in the US has seen gradual improvement.
