Rise in rubber imports as value falls

VOV.VN - Vietnam imported 244,000 tons of rubber worth US$439.9 million during the first five months of this year, up 21.6% in volume but down 2% in value against the same period last year, according to the General Department of Vietnam Customs.

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The average import price dropped by 19.3% to US$1,082.9 per ton. After seeing a decline in April, imports of the product began to grow in May, rising 25.7% to 50,100 tons with value up 25.3% to US$92 million.

Vietnam mainly bought rubber from Southeast Asian countries, accounting for 34.4% of total imports. The Republic of Korea and Thailand were the two largest suppliers of rubber to Vietnam, trailed by Cambodia.

Despite modest imports, Canada was the market with highest growth, ballooning 9-fold to 228 tons, with value rising 800% to US$548,400. Conversely, rubber imports from France fell sharply by 47.89% to 593 tons.

In addition, imports from Malaysia and Indonesia jumped 49.76% to 9,800 tons and 39.65% to 13,800 tons, respectively.


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