Rise in rubber imports as value falls
VOV.VN - Vietnam imported 244,000 tons of rubber worth US$439.9 million during the first five months of this year, up 21.6% in volume but down 2% in value against the same period last year, according to the General Department of Vietnam Customs.
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Vietnam mainly bought rubber from Southeast Asian countries, accounting for 34.4% of total imports. The Republic of Korea and Thailand were the two largest suppliers of rubber to Vietnam, trailed by Cambodia.
Despite modest imports, Canada was the market with highest growth, ballooning 9-fold to 228 tons, with value rising 800% to US$548,400. Conversely, rubber imports from France fell sharply by 47.89% to 593 tons.
In addition, imports from Malaysia and Indonesia jumped 49.76% to 9,800 tons and 39.65% to 13,800 tons, respectively.
