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Malaysia eyes 40.5 bln RM in rubber export in 2014

Malaysia’s rubber export was estimated to hit 38 billion RM (equivalent to 11.8 billion USD) in 2013 and is forecast to reach 40.4 billion RM (12.5 billion USD) in 2014.
Malaysia’s rubber export was estimated to hit 38 billion RM (equivalentto 11.8 billion USD) in 2013 and is forecast to reach 40.4 billion RM(12.5 billion USD) in 2014.

As much as 25 percentof the country’s rubber products were shipped to the US market and thesame volume went to European countries, mainly Germany and the UK.

Rubber gloves remain the key export item, contributing 80 percent to the rubber sector’s export value.

In the first nine months of 2013, 533,352 tonnes of rubber gloves weresold abroad, increased by 32.4 percent year on year. The amount broughthome 7.93 billion RM, a meagre rise of 0.5 percent from the same perioda year ago.

According to Director General of theMalaysian Rubber Board Salmiah Ahmad, in 2014, the country will haveadditional 11,600 hectares grown with rubber trees, 985 hectares morethan the 2013’s figure.-VNA
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