Rubber exports to Malaysia grow by triple digits

According to estimates from the Import-Export Department under Ministry of Industry and Trade, Vietnam’s rubber exports in September reached about 250,000 tons, worth 424 million USD, up 19.2% in volume and 23% in value against August 2024 and up 29.2% in volume and 68.4% in value compared to the same period last year.

In the first nine months of 2024, Vietnam’s total rubber exports reached about 1.37 million tons, worth 2.18 billion USD. (Photo: congthuong.vn)

The average export price of rubber was at 1,697 USD a ton, up 3.2% against August and up 30.3% compared to the same period last year.

Vietnam exported 1.37 million tons of rubber in the first nine months this year, worth 2.18 billion USD, down 2.2% in volume but up 16.4% in value compared to the same period in 2023.

Exports to China accounted for 99.66% of the country’s total export volume of natural rubber and synthetic rubber, reaching 612.980 tons, worth 958.82 million USD, down 24.1% in volume and down 12.4% in value compared to the same period in 2023.

Currently, Malaysia has more than 190 enterprises producing a wide range of rubber products for the medical sector such as rubber gloves, breathing bags and medical sleeves. Malaysian medical rubber products are high quality and are exported to more than 130 markets.

The bright spot of rubber exports this year is the high price compared to last year, thereby opening up prospects for growth in export turnover for the Vietnamese rubber industry./.