Vietnam’s rubber exports rise in volume
Vietnam’s natural rubber exports in the first five months of this year reached a volume of 330,000 tonnes worth US$475 million, according to the Ministry of Agriculture and Rural Development.
The figure increased 30.1% in volume and decreased 2.9% in value compared to the same period last year.
In May alone, Vietnam exported 78,000 tonnes of rubber worth about US$114 million.
In the first four months, China continued to be the largest importer of Vietnam’s rubber, accounting for 44.39% of the total export volume, followed by Malaysia and India.
Vietnam imported about 160,000 tonnes of rubber worth US$273 million in the first five months, up 29.6% in volume and 9.8% in value compared to the same period of 2014.
In 2014, Vietnam exported more than 1 million tonnes of natural rubber, valued at US$1.78 billion, down 0.7% in volume and 28.4% in value from 2013 due primarily to plunging prices.
The country maintained the third and fourth positions in the world in terms of natural rubber output and export value, respectively.
In May alone, Vietnam exported 78,000 tonnes of rubber worth about US$114 million.
In the first four months, China continued to be the largest importer of Vietnam’s rubber, accounting for 44.39% of the total export volume, followed by Malaysia and India.
Vietnam imported about 160,000 tonnes of rubber worth US$273 million in the first five months, up 29.6% in volume and 9.8% in value compared to the same period of 2014.
In 2014, Vietnam exported more than 1 million tonnes of natural rubber, valued at US$1.78 billion, down 0.7% in volume and 28.4% in value from 2013 due primarily to plunging prices.
The country maintained the third and fourth positions in the world in terms of natural rubber output and export value, respectively.