11-month rubber export revenue reaches US$2.51 billion

04:16 PM @ Friday - 08 December, 2023

Vietnam raked in US$2.51 billion from the export of 1.87 million tonnes of rubber during the 11-month period of this year, down 0.2% in volume and 14.9% in value compared to the same period from last year, according to the General Statistics Office (GSO).

November alone saw the country export 250,000 tonnes of rubber for US$343 million, up 14.5% in volume and 16.6% in value against October, reported the GSO.

The average rubber export price in November reached US$1,370 per tonne, marking a rise of 1.8% month on month and up 1% year on year.

Experts of the Vietnam Rubber Association say rubber exports this year will struggle to meet the set target of US$3.5 billion.

China remains the country’s primary export destination, accounting for over 99% of the total figure.