Rubber exports likely to exceed US$3.6 billion

Vietnam expects to export 820,000 tonnes of rubber worth more than US$3.6 billion this year compared to last year’s US$2.3 billion, according to the Ministry of Agriculture and Rural Development (MARD).

The country shipped around 80,000 tonnes of rubber in September, earning US$342 million and raising the total rubber export in the past nine months to 530,000 tonnes, up 3.3 percent in volume and 61.1 percent in value against the same period last year.

China remains Vietnam’s leading natural rubber importer with 275,000 tonnes shipped so far worth US$1.17 billion, accounting for 61 percent of China’s market share.

Vietnam now has 800,000 hectares of rubber trees. – VNA

Tags: Vietnam rubber exports

Posted by VBN on Oct 6 2011. Filed under Rubber & Plastic. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry