Vietnam to be among top three rubber exporters
(VOV) - Vietnam expects to produce 955,000 tonnes of natural rubber by the end of this year, to surpass Malaysia to rank third among the world’s largest rubber exporters.
The set target represents a year-on-year increase of 17.6 percent, according to the Association of Natural Rubber Producing Countries (ANRPC).
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Vietnam’s rubber output in the first nine month was estimated at 930,000 tonnes, more than India’s 920,000 tonnes, making it the world’s fourth largest rubber exporter.
The global rubber output is likely to rise in 2012, and Vietnam is making significant contributions to that growth, said the ANRPC.
The Association also revealed that China and India are now the two leading importers of rubber.
Thailand, Indonesia and Malaysia account for 70 percent of the total global rubber output, and they are all members of the International Tripartite Rubber Council (ITRC).
Vietnam is expected to join the Council in the near future.