In the first eight months of 2022, Vietnam is the second largest rubber supplier to China with $1.39 billion, up 8.8% over the same period in 2021.
The Import and Export Department (Ministry of Industry and Trade) said that according to statistics from the Chinese Customs Administration, in the first eight months of 2022, China's rubber import value (HS 4001, 4002, 4003, 4005) reached 8.84 billion USD, an increase of nearly 10% over the same period in 2021. Thailand, Vietnam, Malaysia, Japan and South Korea are the 5 largest markets supplying rubber to China.
During the period, Vietnam was the second largest rubber supplier to China with US$1.39 billion, up 8.8% over the same period in 2021. Vietnam's rubber market share in the total import value of China in 8 months of 2022 accounted for 15.8%, lower than 15.9% in the first 8 months of 2021.
Some of the largest markets supplying rubber to China in August 2022 and May 8 2022. (Source: China Customs Administration)
According to this data, in the first eight months of 2022, China's import value of natural rubber (HS: 4001) reached US$2.63 billion, up 14.4% over the same period in 2021, mainly imported from Imported from markets: Thailand, Malaysia, Ivory Coast, Vietnam, Indonesia and Laos.
In which, Vietnam is the fourth largest supplier of natural rubber to China with US$225.47 million, up 51.4% over the same period in 2021. Vietnam's natural rubber market share accounts for 7 .8% of China's total import value, higher than 6.5% in the first eight months of 2021.
China also boosted natural rubber imports from markets such as Ivory Coast, Laos, Myanmar, Philippines, Sry Landka... but reduced natural rubber imports from some markets such as Thailand, Malaysia, Indonesia ...
In addition, in the first eight months of 2022, China's import value of a mixture of natural rubber and synthetic rubber (HS: 400280) reached $3.62 billion, up nearly 15% over the same period in 2021.
Vietnam is the second largest supplier of natural and synthetic rubber mixtures to China with nearly 1.18 billion USD, up 5% over the same period in 2021. Natural rubber mixed market share and Vietnam's synthetic rubber accounted for 32.5% of China's total import value of mixed natural and synthetic rubber, lower than 35.6% in the first eight months of 2021.
During this time, China also boosted imports of a mixture of natural rubber and synthetic rubber from markets such as Thailand, Myanmar, Laos, Cambodia, the Philippines and reduced imports from Malaysia and Indonesia over the same period. year 2021.
