Rubber exports hit 1.68 billion USD in the first 7 months of the year
- 148
- 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
Related news
- Dr. Samuel Feldberg warns of risks that could reshape the global economic order and shares strategic advice for Vietnamese businesses
- VINASME organizes training program on risk control for sustainable business development amid uncertainty
- Vietnam’s International Financial Center looks beyond tax incentives to compete
- Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
- Are Vietnamese firms overlooking their most valuable “gold mine”?
- Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
- After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
- When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
- When the tech unicorn dream is undermined by reckless fundraising structures
- From New Year messages of World Leaders to the “new rules” of the Global economy in 2026
- Connecting Leaders, Shaping the Future: Strategic Leadership Planning Meeting – CorporateConnections Hanoi A
- Sunlight - Unilever Vietnam Recognized for Outstanding Contributions to the National Initiative Supporting Women Entrepreneurs
- Deputy Prime Minister Nguyễn Chí Dũng: “The country’s major challenges weigh heavily on my mind — and we must resolve them together.
- Unitsky String Technologies signs cooperation agreements with three Vietnamese partners, opening a new direction for smart mobility and sustainable development
- When artists do business – livelihood is no poetry!
- Before the D‑day to abolish flat‑rate tax: Fear of technology and costs leave small traders struggling to adapt
- Vietnamese enterprises at a crossroads: the impact of a potential US–China deal
- "Digital technicians" must not be forgotten if Vietnam aims to meet its strategic goals
- HDBank: Impressive profit growth, leading in profitability and advancing international integration
- TNI King Coffee sued for over VND 5 Billion in unpaid debts
Đọc thêm Business
Businesses under pressure: Capital and talent shortages threaten competitiveness
The Vietnam Institute of Economics and World Affairs (VIEWA) recently held a working session with the Vietnam Association of Small and Medium Enterprises (VINASME) as part of a policy research and business support initiative.
Dr. Samuel Feldberg warns of risks that could reshape the global economic order and shares strategic advice for Vietnamese businesses
Geopolitical tensions, technological transformation, trade fragmentation, and financial uncertainty are reshaping the global economy at an unprecedented pace.
VINASME organizes training program on risk control for sustainable business development amid uncertainty
In the context of a rapidly changing economy, increasing competition, and accelerating digital transformation, risk management capability has become a critical factor determining the resilience and sustainable growth of businesses, particularly SMEs.
Vietnam’s International Financial Center looks beyond tax incentives to compete
What makes a city an international financial center? Is it skyscrapers, massive capital flows, or generous tax incentives?
CEO Nguyễn Tất Tùng: only by anchoring in culture and preserving national identity can Vietnamese entrepreneurs reach the world
In a setting imbued with the rich cultural essence of Kinh Bắc, the 15th anniversary celebration of Dragon Travel was far more than a typical corporate event.
Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
On the morning of April 21, at the Ministry of Science and Technology, the Agency for Technology Entrepreneurship and Commercialization Development announced the 2026 innovation agenda aligned with the National Strategy for Startup and Innovation.
Building and accumulating intangible assets: a sustainable competitive advantage
In an intellectually vibrant afternoon of the business community, a seemingly old question was raised again in a way that made the entire audience rethink from the beginning.
From cost optimization to “survival optimization”: Vietnamese firms confront supply chain volatility
A fresh surge in domestic fuel prices is not only squeezing household budgets but also triggering a quiet yet profound wave of concern across Vietnam’s business community.
What truly defines corporate value in a rapidly evolving digital era?
In the digital age, corporate value is no longer confined to tangible assets but increasingly resides in brand equity, data, and knowledge - intangible assets that ultimately determine competitive strength.
Are Vietnamese firms overlooking their most valuable “gold mine”?
In the digital economy, corporate value no longer primarily resides in factories or machinery. A growing body of research highlights a fundamental shift in how value is created.