Vietnam’s rubber exports rise in volume

14:08 | 08/06/2015 Trade

Vietnam’s natural rubber exports in the first five months of this year reached a volume of 330,000 tonnes worth US$475 million, according to the Ministry of Agriculture and Rural Development.

Vietnam’s rubber exports rise in volume

The figure increased 30.1% in volume and decreased 2.9% in value compared to the same period last year.

In May alone, Vietnam exported 78,000 tonnes of rubber worth about US$114 million. 

In the first four months, China continued to be the largest importer of Vietnam’s rubber, accounting for 44.39% of the total export volume, followed by Malaysia and India. 

Vietnam imported about 160,000 tonnes of rubber worth US$273 million in the first five months, up 29.6% in volume and 9.8% in value compared to the same period of 2014. 

In 2014, Vietnam exported more than 1 million tonnes of natural rubber, valued at US$1.78 billion, down 0.7% in volume and 28.4% in value from 2013 due primarily to plunging prices./.

Source VNA

The country maintained the third and fourth positions in the world in terms of natural rubber output and export value, respectively.