Vietnam exported 23,510 tonnes of rubber worth 41.87 million USD to the US in the first 7 months of 2021, up 61 percent in volume and 92.3 percent in value year-on-year.
Hanoi (VNA) - Vietnam exported 23,510 tonnes of rubber worth 41.87 million USD to the US in the first 7 months of 2021, up 61 percent in volume and 92.3 percent in value year-on-year.
According to the Ministry of Industry and Trade’s Export -Import Department, Vietnam became the 11th largest rubber supplier of the US in the period, accounting for 2.2 percent of the US’s total imported rubber, up slig🃏htly from 1.5 percent in the same period last ꦬyear.
Notably, Vietnam is the fourth largest supplier of natural rubber to the US with 23,460 tonnes worth 41.65 million USD, up 60.8 percent in volume and 92.9 percent in value over the same period of 2020.
According to statistics of the United States International Trade Commission, the US imported 1.09 million tonnes of rubber with a total value of 2.19 billion USD in the period, a year-on-year increase of 12 percent in volume and 27.6 percent in value. Indonesia, Thailand, Canada, the Republic of Korea and𓄧 Ivory Coast were the largest suppliers of the product to the US./.
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With rapid growth in both planting area and production, Vietnam has become the world’s third largest natural rubber exporter, accounting for about 8.1 percent of the world’s total rubber production.
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Rubber exports in the first seven months of this year rose in both volume and value, according to the import-export Department under the Ministry of Industry and Trade.
Vietnam exported 486,000 tonnes of rubbers worth 817 million USD in the first four months of 2021, up 79.6 percent in volume and 111.6 percent in value compared to the same period last year, according to the Ministry of Agriculture and Rural Development.
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At Quang Tri Rubber Co., Ltd (Photo: VNA) 
