Vietnamese rubber exports enjoy drastic upturn

VOV.VN - The nation exported roughly 110,000 tonnes of rubber worth US$181 million in May, a rise of 40.4% in volume and 27.9% in value compared to the previous month.

These figures also represent annual increases of 33.1% in volume and 26.4% in value, the Agency of Foreign Trade at the Ministry of Industry and Trade cited statistics by the General Department of Vietnam Customs as showing.

The rubber export price averaged US$1,645 per tonne in May, a drop of 8.9% against April and a 5% fall as compared with the same period last year.

In the initial five months of this year, the country shipped 595,000 tonnes of rubber abroad valued at US$1.04 billion, respective increases of 8.1% and 12% on-year.

China represented the biggest buyer of Vietnamese natural and synthetic rubber, with hikes seen in both volume and value during the first months.

The Association of Natural Rubber Producing Countries (ANRPC) anticipated that global rubber demand will increase moving forward due to the easing of travel restrictions and the reopening of national borders as a mean of resuming economic activities.

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