Nine-month rubber exports to India enjoy sharp upswing
VOV.VN - Vietnam was India’s fourth largest supplier of rubber during the past three quarters of the year, behind only Indonesia, the Republic of Korea, and Malaysia, according to figures released by the Ministry of Industry and Trade’s Agency of Foreign Trade.
Throughout the reviewed period, the country shipped a total of 69,140 tonnes of rubber to the South Asian country, raking in US$32 million in the process, up 46.5% and 92.1%, respectively, in comparison to the same period from last year.
Rubber originating from the Vietnamese market accounted for around 8% of Indian imports, an increase of 7.7% one year ago, as shown by data collected by India’s Ministry of Commerce and Industry.
When it comes to natural rubber, the nation was second among exporters to the Indian market, making up 19% of the market share, compared to 17.3% recorded in the same period last year.
Between January and September the country exported approximately 67,870 tonnes of natural rubber to the Indian market for over US$129.2 million, up 44.8% in volume and 89.6% in value.
With regard to synthetic rubber, the Vietnamese market share in India stood at 0.3%.