Taiwan increases rubber imports from Vietnamese market

VOV.VN - Vietnam's rubber market share in Taiwan (China)’s total rubber imports during the opening five months of the year witnessed an upward trajectory compared to the same period from last year, according to details given by the Ministry of Industry and Trade.

Throughout the reviewed period, Taiwan (China) imported 117,760 tonnes of rubber worth US$261.9 million, a rise of 10.1% in volume and 27.8% in value compared to the same period from last year with Thailand, Japan, the United States, Indonesia, and Vietnam being the five largest market suppliers of rubber to the Taiwanese market.

Vietnam became the fifth largest rubber supplier to the Taiwanese market with 11,950 tonnes worth US$23.59 million during the five-month period, up 78% in volume and up 132.1% in value against the same period from last year.

Vietnamese rubber market share in Taiwan (China)’s total rubber import volume also accounted for 10.2% and experienced a rise compared to the figure of 6.3% recorded during the same period from last year.

The Taiwanese market in recent times has tended to increase rubber imports from Vietnam, while simultaneously reducing imports from a number of major markets such as Thailand, Japan, the Republic of Korea, and Malaysia.

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