VINACHEM

Vietnam exported roughly 1.86 million tonnes of rubber worth US$2.93 billion during the 11-month period, representing a rise of 9.1% in volume and 3% in value compared to the same period from last year, according to the Agro Processing and Market Development Authority.

November alone witnessed the country export roughly 240,000 tonnes of rubber worth US$328 million, up 7.3% in volume and 4.6% in value over the previous month.

The average export price witnessed a decline of 2.6% to US$1,366 per tonne from October and down 19.3% compared to November last year.

During the reviewed period, China, India, and the Republic of Korea became the largest consumers of Vietnamese rubber products, duly accounting for 69.5%, 7.1%, and 2.6% of the market share, respectively.

The strongest export growth was recorded in the Russian market with an increase of 44.4% compared to the same period last year, while the rubber export value in Spain experienced the largest decrease.

Meanwhile, Vietnam imported 2.03 million tonnes worth US$2.93 billion during the 11-month period, with Cambodia accounting for 47.9% of market share, followed by the Republic of Korea with 10.5% and China with 9.4%.

Compared to the same period from last year, the import value of rubber from these three markets experienced respective rises of 15.3%, 13.4%, and 50%. – VOV –