According to data from the General Department of Customs in November 2022, Vietnam exported 252.6 thousand tons of rubber, worth nearly 343 million USD, up 13% in volume and 9.4% in value compared to the previous month. 10, compared to November 2021, increased by 19.5% in volume, but decreased by 4.2% in value.
China is still Vietnam’s largest rubber consumption market, accounting for 82.4% of the country’s total rubber exports.
According to the Import-Export Department, in 2022, Vietnam’s rubber exports will still face many difficulties due to the great influence of the Covid-19 pandemic, the dollar appreciates strongly, and rubber prices continuously decrease.
The structure and types of natural rubber in Vietnam are still heavily dependent on the consumption market of China, facing many difficulties in penetrating other large markets such as the US, Japan, and Europe.
In 11 months of 2022, rubber exports reached 1.87 million tons, worth nearly 2.95 billion USD, up 9.8% in volume and 3.5% in value over the same period in 2021.
