Rubber exports hit 1.68 billion USD in the first 7 months of the year
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- Business
- 20:25 25/08/2022
DNHN - In the first 7 months of 2022, rubber exports reached 983.76 thousand tons, worth 1.68 billion USD, up 7.2% in volume and 9.1% in value over the same period last year 2021.
Information to the General Department of Vietnam Customs, in July 2022, Vietnam exported 196.5 thousand tons of rubber, worth 318.98 million USD, up 4.6% in volume and 2.9% in value compared to June 2022; however, compared to July 2021, it down 3.9% in volume and 5.7% in value.
In the first 7 months of 2022, rubber exports reached 983.76 thousand tons, worth US$1.68 billion, up 7.2% in volume and 9.1% in value over the same period in 2021. In July 2022, the average export price of rubber reached USD 1,623/ton, down 1.7% compared to June 2022 and down 1.8% compared to July 2021.
In July 2022, rubber exports to some major markets increased in both volume and value compared to July 2021, notably: India, Korea, Turkey, Indonesia, Russia, Canada, Spain, etc. However, some markets still reduce rubber imports from Vietnam such as Taiwan, the United States, Sri Lanka, Pakistan, and Japan…
In July 2022, China is still Vietnam's largest rubber consumption market, accounting for 71.3% of the country's total rubber exports, with 140.04 thousand tons, worth $220.09 million, up 4.8% in volume and 3.6% in value compared to June 2022; however, compared to July 2021, down 7.6% in volume and 10.3% in value.
The average export price of rubber to China was at $1,572/ton, down 1.1% compared to June 2022 and down 3% compared to July 2021. Accumulated in the first 7 months of 2022, Vietnam exported 676.36 thousand tons of rubber to China, worth 1.12 billion USD, up 5.3% in volume and 7.8% in value over the same period. period 2021.
In the first 6 months of 2022, Vietnam is the second largest rubber supplier to China with US$959.67 million, up 10.6% over the same period in 2021. Vietnam's rubber market share in the total value of China's import price in the first 6 months of 2022 accounted for 14.45%, higher than 14.37% in the first 6 months of 2021.
PV
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