The Chinese market accounts for more than 80% of total rubber exports

The Import-Export Department (Ministry of Industry and Trade) cited data from the General Department of Customs as saying that in September 2023, the amount of rubber exported decreased slightly after two consecutive months of increase. Specifically, in September 2023, Vietnam exported 193.3 thousand tons of rubber, worth 251.76 million USD, down 13.1% in volume and 12.3% in value compared to August. 2023; Compared to September 2022, down 0.2% in volume and 10% in value.

Accumulated in the first 9 months of 2023, rubber exports reached more than 1.4 million tons, worth 1.87 billion USD, up 0.4% in volume, but down 18.2% in value over the same period last year. 2022.

Notably, in September 2023, China is still Vietnam's largest rubber export market, accounting for 80.88% in volume and 80.41% in value of the country's total rubber exports. , reaching 156.34 thousand tons, worth 202.44 million USD. This is the 8th consecutive month that the amount of rubber exported to China increased compared to the same period in 2022. Accumulated in the first 9 months of 2023, Vietnam exported 1.09 million tons of rubber to China, worth 1. 44 billion USD, up 10.7% in volume, but down 8.1% in value compared to the same period in 2022.

In September 2023, although rubber exports decreased, the amount of rubber exported to some markets still grew compared to the same period last year such as: Pakistan increased by 169.1%; Germany increased by 36.6%; Sri Lanka increased by 22.6%; Indonesia increased by 16.5%; The United States increased by 10%...

In the first 9 months of 2023, rubber exports to most markets decreased compared to the same period last year, especially markets such as India, Korea, the United States, Germany, Turkey, Taiwan, Indonesia, Sri Lanka, Russia... However, exports to a key market still grow in volume over the same period in 2022 such as: China, Netherlands, Argentina, France…

Source: haiquanonline.com.vn