Rubber exports to South Asia rise sharply
(VOV) - Vietnam earned US$145 million from rubber exports to the South Asian market in the first three quarters of this year, representing a year-on-year increase of 154 percent.
The Ministry of Industry and Trade (MoIT) said the sharp rise in export earnings from South Asia has helped Vietnam reduce its trade deficit.
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Key export items included computers and electronic spare parts, up 66 percent to US$105 million, machinery and components, up 44 percent to US$181 million, and mobile phones, up 12 percent to US$302 million.
In particular, clinker and rubber rose 172 percent and 154 percent to US$175 million and US$145 million, respectively.
According to the General Department of Vietnam Customs, Vietnam’s export earnings from the South Asian market by September 2012 hit US$1.69 billion, or 6.6 percent higher than a year earlier. Key importers were India (US$1.23 billion) and Sri Lanka (US$73.31 million).