Vietnam’s among largest suppliers of rubber to China

Vietnam emerged as the second largest supplier of rubber to China during the opening eight months of the year with 976,100 tonnes worth US$1.3 million, VOV News quoted statistics from China's customs authorities.

The figures represent a rise of 16.7% in volume, but a fall of 6.6% in value year on year. Vietnamese rubber’s market share accounts for 18.23% of China's total rubber imports, 0.43% higher than the figure recorded in the same period last year.

China imported 5.35 million tonnes of rubber worth US$7.98 billion, mainly natural and synthetic rubber in the eight-month period, up 13.9% in volume, but down 9.6%.

With regard to natural rubber, Vietnam was the fifth largest supplier of natural rubber to China with 124,630 tonnes worth US$135.94 million, down 14.2% in volume and 34.3% in value, with market shares making up 7.37% of total Chinese imports.

For mixed natural rubber and synthetic rubber, Vietnam was the second largest exporter of these products to this market with 846,060 tonnes worth US$1.15 billion, up 23.4% in volume but down 1.9% in value, accounting for 32.51% of total Chinese import turnover of the products.

At present, Thailand, Vietnam, Malaysia, the Ivory Coast, and Russia are the five largest suppliers of rubber to China.

Read more at English.vov