Five-month rubber exports to Turkey expand by 11% in volume

VOV.VN - The opening five months of the year saw Vietnamese rubber exports to Turkey reach 13.72 thousand tonnes, worth US$25.53 million, an annual rise of 11% in volume and 8.1% in value, according to the General Department of Customs.

With regard to the structure of export products, during the reviewed period the country primarily exported natural rubber to the Turkish market. Of the figure SVR10 category rubber was the main item exported to Turkey, accounting for 25.3% of the total rubber volume exported to this market during the first five months of the year.

This was followed by RSS3 type, accounting for 24.4%, with the third being Latex, making up 22.4% of total rubber exports to this market during the five-month period.

According to statistics compiled by the International Trade Center (ITC), currently Thailand, Russia, Indonesia, the Netherlands, and the Ivory Coast make the up largest rubber suppliers to Turkey. Indeed, during the first three months of the year, with the exception of Indonesia, Turkey's rubber imports from these markets increased compared to the same period in 2021.

During the first three months of the year, the country made up the 11th largest rubber supplier to Turkey with 8.42 thousand tonnes worth US$18.4 million, up 9.9% in volume and 22.3 in volume on-year.

Of the figure, the nation was the fourth largest supplier of natural rubber to Turkey with 8.42 thousand tonnes, valued at US$18.4 million, a rise of 9.9% in volume and 22.3% in volume over last year’s same period.

Furthermore, the country’s natural rubber market share in terms of total Turkish imports accounted for 11.3%, higher than the 10.9% seen during the reviewed period from last year.

Throughout the reviewed period, Turkey imported 116.06 thousand tonnes of synthetic rubber (HS code 4002), worth US$267.73 million.

Russia, the Netherlands, the Republic of Kore, Taiwan (China), and Germany make up the five largest markets that supply synthetic rubber to Turkey, while synthetic Vietnamese rubber is not exported to the Middle East nation.