In the 10 months of 2022, rubber exports to the Chinese market reached nearly 1.2 million tons, worth more than 1.8 billion USD, up 11.5% in volume and 6.8% in value over the same period. period 2021.
The Import-Export Department (Ministry of Industry and Trade) quoted statistics from the General Department of Customs as saying that, in the 10 months of 2022, rubber exports to the Chinese market reached nearly 1.2 million tons, worth more than 1.8 million tons. billion USD, up 11.5% in volume and 6.8% in value over the same period in 2021; the average export price reached 1,551 USD/ton, down 4.2% over the same period in 2021.
In the 10 months of 2022, rubber exports to the Chinese market reached nearly 1.2 million tons. (Illustration)
In the first 10 months of 2022, Vietnam's rubber products exported to China are mainly a mixture of natural and synthetic rubber (HS: 400280) and natural rubber.
In which, mixed types of natural rubber and synthetic rubber are exported to China the most, accounting for more than 80% of the total amount of rubber exported to China. In second place is Latex category accounting for 13.6% and third is SVR 10, accounting for 1.8% of total rubber exports to China in 10 months of 2022.
In the first 10 months of 2022, the average export price of most types of rubber to China decreased compared to the same period in 2021 such as a mixture of natural rubber and synthetic rubber down 1.8%; Latex fell more than 3%; SVR 10 decreased by 3.1%; SVR 3L down 6%; RSS3 dropped more than 9%; SVR CV60 down 6.3%...
According to the Import-Export Department, over the past time, Vietnam's rubber exports to China have faced difficulties because the country is facing a real estate crisis, heat waves disrupting production activities, causing prices to fall. rubber exports to this country decreased.
In addition, restrictive measures to prevent COVID-19 also affect industrial production and consumption. In the coming time, it is predicted that rubber prices will recover after the Chinese Government commits to introduce phased policies to stabilize the economy and restore consumption.
