Vietnam’s rubber exports were estimated to reach only 186,000 tons during the first two months of 2019, worth a total value of US$274 million, representing a drop in both volume and value.
Rubber exports reached 51,000 tons in February, totaling US$76 million in value.
According to the Agency of Foreign Trade under the Ministry of Industry and Trade, rubber exports in February saw a drop for the second consecutive month with a trading volume of 51,000 tons, worth US$76 million.
This shows steep on-month drops of 61.8 per cent and 61 per cent, respectively.
China was Vietnam’s major importer of rubber products, accounting for 66.2 per cent of the country’s total rubber exports. In total, China imported 104,000 tons of rubber from Vietnam, valued at a total of US$131.6 million.
This was followed by India which imported 13,500 tons of rubber, totaling US$17.7 million in value.
Meanwhile, rubber exports to EU member states and Southeast Asian countries experienced drops in both volume and value against the corresponding period last year.