According to the Import-Export Department, Ministry of Industry and Trade, although the export of rubber products only reached a turnover of 305 million USD in September, down more than 8% compared to August 2022, but accumulated by the end of September / 2020. In 2022, rubber exports reached a turnover of USD 2.32 billion, up 7.8% over the same period in 2021.
Specifically, according to the Ministry of Industry and Trade, it is estimated that in September, Vietnam’s rubber exports reached about 210 thousand tons, worth 305 million USD, down 4.2% in volume and down more than 8% in value compared to the previous month. 8. However, compared to September 2021, it still increased 16% in volume and 2% in value.
Rubber exports grew by nearly 8% compared to 2021. Photo: SMALL
Cumulatively, by the end of September of 2022, rubber exports reached about 1.41 million tons, worth $2.32 billion, up 9.7% in volume and 7.8% in value compared to same period in 2021.
According to the Import-Export Department, the types of rubber exported by Vietnam are mainly a mixture of natural rubber and synthetic rubber (HS: 400280), Latex, SVR 3L, SVR 10, RSS3, SVR CV60… In which, the mixture of natural rubber and synthetic rubber is the most exported item, accounting for 56.4% of the total rubber export volume of the country.
Exports to China accounted for 99.7% of the country’s total natural and synthetic rubber exports. In 2022, many types of rubber exports increased sharply in both volume and value compared to the same period in 2021, notably: Synthetic rubber, SVR20, Latex, Skim block, SVR10, rubber regenerate, RSS3, SVR3L…
Regarding export prices, the average export prices of some types of rubber tend to increase over the same period in 2021 such as mixtures of natural and synthetic rubber (HS: 400280), synthetic rubber, SVR20 , SVR10, SVR5…/.
