In the first nine months of 2022, rubber exports reached about 1.41 million tons, worth $2.32 billion, up 9.7% in volume and 7.8% in value over the same period in 2021.
According to the Import-Export Department (Ministry of Industry and Trade) citing data from the General Department of Customs, in September 2022, Vietnam's rubber exports reached about 210 thousand tons, worth 305 million USD, down 4.2% in volume. and decreased by 8.1% in value compared to August 2022.
However, compared to September 2021, rubber exports increased 16% in volume and 2% in value. The average export price in September 2022 reached 1,455 USD/ton, down 4% compared to August 2022 and 12.1% lower than September 2021.
In the first nine months of 2022, rubber exports reached about 1.41 million tons, worth 2.32 billion USD, up 9.7% in volume and 7.8% in value over the same period in 2021.
In the first eight months of 2022, Vietnam's exported rubber products are mainly a mixture of natural rubber and synthetic rubber (HS: 400280), Latex, SVR 3L, SVR 10, RSS3, SVR CV60...
In which, the mixture of natural rubber and synthetic rubber is the most exported item, accounting for 56.4% of the total export volume of rubber of the country, with 677.86 thousand tons, worth nearly 1 million tons. 14 billion USD, down 1.3% in volume, but up 1.1% in value over the same period in 2021.
In which, exports to the Chinese market accounted for 99.7% of the country's total export of natural rubber and synthetic rubber, with 676.11 thousand tons, worth 1.13 billion USD. down 1.1% in volume, but up 1.3% in value over the same period in 2021.
In the first 8 months of 2022, many types of rubber exports have increased sharply in both volume and value compared to the same period in 2021, notably: Synthetic rubber, SVR20, Latex, Skim block, SVR10, regenerated rubber, RSS3, SVR3L…
In September 2022, the price of raw rubber latex across the country continued its downward trend. In Binh Phuoc, raw rubber latex is purchased by Phu Rieng Rubber Company at a price of 260-270 VND/TCS, down 15 VND/TCS compared to the end of August 2022.
In Binh Duong, the purchasing price of raw rubber latex of Phuoc Hoa Rubber Company fluctuates at 273-275 VND/TSC, down 10 VND/TSC compared to the end of August 2022. Latex in Gia Lai was purchased by Mang Yang Rubber Company for 240-250 VND/TSC, down 25 VND/TSC compared to the end of August 2022.
In the world market, in September 2022, the world rubber market was affected by concerns about slowing demand in China and falling crude oil prices, so manufacturers switched to using synthetic rubber. derived from oil and fears of a global recession put pressure on the market.
In the coming time, rubber prices are unlikely to increase sharply because the global supply of natural rubber is expected to increase as mining activity is likely to accelerate and remain at a good level until January next year. In addition, the demand from tire companies may not be strong due to the potential recession of the global economy.
https://congthuong.vn/xuat-khau-cao-su-9-thang-nam-2022-uoc-dat-232-ty-usd-222055.html
