Rubber exports continue to grow sharply in May

Friday, 10/06/2022 12:47
Vietnam’s rubber exports in May 2022 were estimated at 181 million USD, up 40.4% in volume and 27.9% in value compared to the previous month.

Rubber exports likely to reach US$3.5 billion in 2022

Rubber exports reach 2.17 billion USD in 9 months

Rubber export estimated at 2.38 billion USD in 2020

Photo for illustration

The Ministry of Industry and Trade’s Import-Export Department quoted data from the General Department of Customs as saying the average export price of rubber this month reached 1,645 USD per ton, down 8.9% compared to April 2022 and down 5% compared to May 2021.

In the first 5 months of 2022, the country exported 595,000 tons of rubber, worth 1.04 billion USD, up 8.1% in volume and 12% in value over the same period last year.

In general, in the first months of 2022, many types of rubber for exports increased sharply in both volume and value compared to the same period last year.

The Chinese market accounts for 99.7% of Vietnam’s total natural and synthetic rubber, with export increase in both volume and value in the first months of the year.

In May, the price of raw rubber latex across the country decreased slightly compared to the end of April. In Binh Phuoc, raw rubber latex is purchased by Phu Rieng Rubber Company at the price of 305-345 VND per TCS.

In Binh Duong, the purchase price of raw rubber latex of Phuoc Hoa Rubber Company fluctuates around 340 VND per TSC. Rubber latex in Gia Lai was purchased by Mang Yang Rubber Company at 305-315 VND per TSC, a slight decrease compared to the end of April 2022./.