The average export price in November reached 1,366 USD/ton, down 2.6% compared to October and 19.3% compared to November 2021. This is the month that recorded the lowest average export price since the beginning of 2022, and the bottom of nearly two years.
The Import-Export Department (Ministry of Industry and Trade) estimated that in November, Vietnam’s rubber exports reached about 240,000 tons, worth 328 million USD, up 7.3% in volume and 4.6% in value compared to the previous year. October and o with November 2021 increased by 13.6% in volume, but decreased by 8.4% in value.
The average export price of rubber reached 1,366 USD/ton, down 2.6% compared to October and 19.3% compared to November 2021. This is the month that recorded the lowest average export price since the beginning of 2022, and the bottom of nearly two years.
In the first 11 months of 2022, rubber exports reached about 1.86 million tons, worth 2.93 billion USD, up more than 9% in volume and 3% in value over the same period in 2021.
In the 10 months of 2022, Vietnam’s exported rubber products are mainly a mixture of natural and synthetic rubber (HS 400280), Latex, SVR 3L, SVR 10, SVR CV60, RSS3…
In which, the mixture of natural rubber and synthetic rubber is still the most exported product, accounting for 58% of the total rubber export volume of the country, with 940.28 thousand tons, worth 1.52 billion VND. USD, up 1.6% in volume, but down 0.2% in value over the same period in 2021.
In which, exports to China accounted for 99.78% of the country’s total export of natural rubber and synthetic rubber, reaching 938.2 thousand tons, worth $1.51 billion, up 2 % in volume and 0.1% in value over the same period in 2021.
In the first 10 months of 2022, many types of rubber exports increased in both volume and value over the same period in 2021, notably: Synthetic rubber, Latex, SVR20, Skim block, SVR10, rubber rebirth, SVR5…
The average export price of most types of rubber is in a downward trend compared to the same period in 2021, of which it is notable that the mixture of natural rubber and synthetic rubber decreased by 1.8%; Latex down 5%; SVR 3L down 5.4%; SVR CV60 down 7.5%…
