Malaysia’s rubber, rubber product exports hit nearly 8 billion USD last year

The export revenue of Malaysian rubber and rubber products totalled 35.98 billion RM (7.96 billion USD) last year. (Photo: The Star)

Kuala Lumpur (VNA) - The export revenue of Malaysian rubber and rubber products totalled 35.98 billion RM (7.96 billion USD) last year, the Malaysian Rubber Council (MRC) said.

In a statement on March 8, the MRC said rubber export was valued at 8.82 billion RM while rubber products’ export turnover stood at 27.16 billion RM.

With a value of 19.04 billion RM, rubber gloves remain the biggest contributor to the export of rubber products, making up 70.1% of the total share in 2022.

Malaysia exported a wide range of rubber gloves, including for applications in medical, industrial, cleanroom and food service sectors, it said.

The council said besides gloves, other latex products, comprising threads, condoms, catheters and foam products, increased by 29.1% year-on-year with a total export value of 2.38 billion RM.

The strong growth indicates that Malaysia’s latex products industry is diversifying and expanding beyond gloves, which have traditionally dominated the country’s latex products export with around 95% share, it noted./.

VNA