According to statistics of the General Department of Customs, in the first half of February 2023, Vietnam exported 76,934 tons of rubber, worth 108.55 million USD, up 95% in volume and 55% in value compared same period in 2022.
Only 10% of the rubber area has been certified for sustainability. Photo: ST
However, from the beginning of the year to the end of February 15, 2023, Vietnam's rubber exports decreased by about 8% in volume and 27% in value respectively over the same period in 2022, reaching 211,829 tons, respectively. and $291,136 million.
According to statistics of the General Department of Customs, in January 2023, Vietnam exported 134.89 thousand tons of rubber, worth 182.58 million USD, down 50.2% in volume and 50% in value compared to that of the General Department of Customs. with December 2022; compared to January 2022, down 30% in volume and 44.9% in value. The average export price of Vietnam's rubber in January 2023 was at $1,354/ton, up 0.5% compared to December 2022, but down 21.2% compared to January 2022.
In January 2023, China was still the leading market for Vietnam's rubber consumption, accounting for 79.49% of total rubber exports. Specifically, Vietnam exported 107.22 tons, worth USD 141.89 million, down 52.2% in volume and 52.1% in value compared to December 2022.
According to the Import-Export Department (Ministry of Industry and Trade), in general, in January 2023, rubber exports to most markets decreased compared to the same period in 2022, but exports to some markets still increased. good growth compared to the same period in 2022 such as Russia, the Netherlands, Canada ...
Rubber exports will face difficulties in the first half of 2023 due to China's continuous policy changes due to the impact of Covid-19. This will adversely affect the rubber market and the world rubber price in the first months of 2023. However, China's lifting of the "Zero-Covid" policy and reopening is considered an opportunity. very good association for rubber exports to recover.
