Vietnam exported nearly 919,000 tonnes of rubber, earning US$1.54 billion in the first seven months of 2021 with the price of US$1,677 per tonne, up 34.2%, 74.5% and 30% respectively, according to the General Department of Vietnam Customs.
In July alone, rubber exports enjoyed increases of 25.3% in volume and 22.8% in turnover, but experienced a decrease of 2% in price compared to the previous month. Compared to those in July 2020, the export of Vietnamese rubber saw growth in all three aspects, with 1%, 38% ad 35.7%, respectively.
China is Vietnam’s biggest rubber importer, with over 643,000 tonnes worth US$1.04 billion, equivalent to 70% of the total volume and 67.4% of the total turnover. The figures represented year-on-year rises of 26.4% in volume and 62.7% in value.
It is followed by the EU with nearly 50,000 tonnes and US$89.8 million, and India with over 47,000 tonnes and US$85.5 million.