Vietnam's rubber imports into India increased sharply in the first half of this year, Vietnam is the number one source of natural rubber for this market.
Vietnam is the largest source of natural rubber for India.
According to the Indian Ministry of Commerce, Vietnam is the largest market to supply natural rubber to India in the first 5 months of 2022 with 53.42 thousand tons, worth 107 million USD, up 42.4% in volume and increased by 50.7% in value over the same period in 2021.
Vietnam's natural rubber market share in India's total imports accounted for 23.5%, up sharply from 19.2% in the same period in 2021. Meanwhile, the market share of rubber exporting countries The other leading countries, Indonesia and Thailand, saw a sharp decrease in natural rubber imports to India.
Regarding rubber in general imported into India, Vietnam is currently ranked 2nd after Korea. In the first 5 months of this year, rubber imported from Vietnam to India reached 54 thousand tons, worth US$ 107.96 million, up 41.8% in volume and 49.7% in value over the same period last year. 2021.
Vietnamese rubber accounted for 10.9% of India's total rubber imports, higher than the 7.5% of the same period in 2021. The market share of Vietnamese rubber is only slightly lower than the market share. of Korea (11.3%).
While Vietnam is the leading supplier of natural rubber to India, South Korea is the leading supplier of synthetic rubber. Vietnam's synthetic rubber accounts for only 0.27% of India's total imports in the first five months of 2022.
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