Vietnam exported 7,260 tonnes of rubber to Malaysia, valued at 11.5 million USD in October, surging by 861% in volume and 1,240% in value year-on-year, according to the General Department of Customs.
Rubber prices stayed high in the final months of last year based on limited global supply and high demand, according to Deputy General Director of the Mercantile Exchange of Vietnam Nguyen Duc Dung.
All Vietnam's rubber’s top 15 export markets saw growth in export values in 2024, with Malaysia recording the highest increase, expanding fivefold, followed by Sri Lanka at 3.7 times, according to the Vietnam Rubber Association (VRA).
Vietnam shipped 110,000 tonnes of rubber abroad last month, earning more than 160 million USD, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam posted revenue of 1.89 billion USD from the export of 1.42 million tonnes of rubber during the first nine months of this year. Though volumes increased, there was a year-on-year fall of 17.4% in value.
Vietnam's rubber industry needs to develop its production chain to meet the increasing demands of export markets, especially fastidious markets such as Europe and the US, according to experts.
Vietnam’s rubber exports in the first two months of 2021 doubled in both volume and value compared to the same period last year, after months of slowdown, according to the Ministry of Agriculture and Rural Development (MARD).
Cambodia exported 53.05 tonnes of rubber in the first quarter of 2020, a year-on-year increase of 10 percent, earning 75.34 million USD, according to the General Directorate of Rubber under the country's Ministry of Agriculture, Forestry and Fisheries.
Vietnam earned 2.02 billion USD from exporting 1.5 million tonnes of rubber between January and November, rising 7.6 percent in value and 8.1 percent in volume year on year.
Rubber exports in the first seven months of this year rose in both volume and value, according to the import-export Department under the Ministry of Industry and Trade.
Vietnam's rubber exports fell in May due to China’s changing policies and fears over the US-China trade war, a representative of the Vietnam Rubber Group (VRG) has said.
Vietnam earned 662 million USD from rubber exports in the first five months of the year, a year-on-year increase of 2.4 percent, according to the Ministry of Agriculture and Rural Development.
Thailand, the world’s top natural rubber producer, would delay its cuts in rubber exports till May 20 instead of the initially planned date of April 1 due to its general election, according to officials from Indonesia and Malaysia.
Vietnam’s rice exporters could be set for a big first quarter, with demand from the Philippines and Indonesia being forecast to increase due to the impact of recent natural disasters.
Vietnam earned 1.38 billion USD from exporting more than 800,000 tonnes of rubber in the first eight months of 2017, year-on-year rise of 54.1 percent in value and 12.8 percent in volume.
Agro, fishery and forestry export turnover in the first eight months of this year rose 13.5 percent from the same period last year to 23.66 billion USD, the MARD reported.
Malaysia, Thailand and Indonesia are considering cutting rubber exports by 10-15 percent to curb falling prices, according to Malaysia’s Bernama news agency.
Indonesia’s rubber exporters have agreed to cut their exports from March to August 2016 to realise the International Tripartite Rubber Council (ITRC)’s Agreed Export Tonnage Scheme (AETS).
Experts and business representatives gathered at a conference on December 11 in Ho Chi Minh City to seek ways to increase the domestic consumption of natural rubber.