Source: vietnamplus.vn
Leading statistics of Korea Customs Service, the Import-Export Department (Ministry of Industry and Trade) said that in the first 2 months of 2022, Korea imported 84,200 tons of rubber with HS codes: 4001, 4002, 4003, 4005; worth $177.74 million, down 0.4% in volume, but up 8.6% in value over the same period in 2021.
In particular, Thailand, Indonesia, Vietnam, China and Japan are the 5 largest rubber markets for Korea.
According to the Import-Export Department, Vietnam is the third largest rubber supplier to Korea.
[Xuất khẩu trên 3 tỷ USD, triển vọng sáng cho ngành cao su năm 2022]
After 2 months of 2022, Vietnam’s rubber export turnover to this market reached 8,220 tons, worth 15.31 million USD, up 10.4% in volume and 7.9% in value over the same period. period 2021.
Remarkable, rubber market share Vietnam accounted for 9.8% of Korea’s total rubber imports, up from 8.8% in the same period last year.
In addition, Korea also boosted Thailand’s rubber imports in the first two months of the year with 32,280 tons, worth $57.94 million, up 114.8 percent in volume and 114.7 percent in value compared to same period in 2021.
Furthermore, market share rubber of Thailand accounted for 38.3% of the total volume import rubber of South Korea, a sharp increase compared to 17.8% in the first two months of 2021.
In contrast, South Korea sharply reduced its rubber imports from Indonesia, making Indonesia’s rubber market share in Korea’s total imports down to 17.3% in the first two months of 2022 compared to 29.5% in the same period last year. 2021/.
