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.
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