Rubber exports reap over US$1.52 billion
(VOV) -Vietnam’s export revenue from rubber has hit more than US$1.52 billion in the past eight months, representing a year-on-year decrease of 14.1%.
According to the Ministry of Agriculture and Rural Development (MARD), the country shipped 131,000 tonnes of rubber abroad in August, earning US$286 million.
MARD said that the export price of rubber in the first seven months of this year saw a decline of 18%year on year to US$2,387/tonne.
China remained Vietnam’s largest rubber importer, consuming 43.9% of Vietnam’s total rubber export value. The second biggest importer was Malaysia with 20.5% of the market share. The export volume to this market surged by 20.3%, but the export value fell 5.7% compared to the same period last year.