Vietnam becomes third largest rubber supplier to India
VOV.VN - Vietnam made up India’s third largest supplier of rubber in the opening 10 months of this year, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.
The Jan. – Oct. period saw India import 82,590 tonnes of rubber from Vietnam for US$157.15 million, increasing by 53.5% in volume and 101.1% in value, respectively, from the same period last year.
The Vietnamese rubber accounted for roughly 8.5% of Indian rubber imports, up 7.7% from a year ago, according to data from India’s Ministry of Commerce and Industry.
In terms of natural rubber, Vietnam ranked second among exporters to India, accounting for 20.1% of the market share compared to 17.4% from the same period last year.
Between January and October, 2021 the country shipped some 81,190 tonnes of natural rubber to India for US$154.1 million, up 52.5% in volume and 99.1% in value from 2020.
With regard to synthetic rubber, the Vietnamese market share in India stood at just 0.3%.
Overall, India imported 969,340 tonnes of rubber for US$1.93 billion in the reviewed period, up 38.1% in volume and 72.7% in value compared to 2020.
Indonesia, the Republic of Korea, Malaysia and Thailand, alongside Vietnam, made up the top five largest suppliers of rubber to the Indian market.
