Germany increases natural rubber imports from Vietnam

VOV.VN - Vietnam represents the fourth largest natural rubber supplier to Germany, shipping 40,580 tonnes worth US$84.25 million to the market last year, increasing 29.4% in volume and 77.8% in value year on year.

Statistics from the Ministry of Industry and Trade indicated that the market share of Vietnamese natural rubber in Germany rose to 14.5% last year compared to 13.8% in 2020.

In total, Germany imported 279,270 tonnes of natural rubber last year, worth US$554.14 million, up 22.9% in volume and 58.3% in value compared to 2020.

The Ivory Coast, Thailand, Indonesia, Vietnam, and Malaysia made up the five largest natural rubber suppliers to the German market in 2021. Most notably, imports from these markets witnessed sharp increases in both volume and value compared to 2020.

Furthermore, the Vietnamese market was the 10th largest rubber supplier to Germany, exporting 40,580 tonnes worth US$84.37 million last year, up 29.4% in volume and 77.7% in value.

The market share of Vietnamese rubber in Germany therefore enjoyed a slight increase of 4.2% last year from 3.7% in 2020.

According to statistics from the International Trade Centre (ITC), Vietnam didn’t supply synthetic rubber to Germany in 2021.

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