Vietnamese rubber imported into China increased sharply

Vietnamese rubber imported into China increased strongly in the first 2 months of this year, thereby significantly narrowing its market share compared to Thai rubber.

Exploiting rubber latex in Binh Long Rubber One Member Company Limited. Photo: Thanh Son. According to the General Department of Customs of China, in the first 2 months of 2021, rubber import of this country reached 1.87 billion USD, up 13.8% over the same period in 2020. In which, rubber imported from Vietnam Male value reached 433.97 million USD, up 65.1%. With such a sharp increase in import value, Vietnam rubber is accounting for 23.18% of the total value of rubber imported into China in the first 2 months of this year, up sharply from the rate of 15.98% in 2 months. early 2020. Vietnam rubber continues to hold the 2nd position in terms of market share in the total value of rubber imported into China. While increasing the import of Vietnamese rubber, China reduced the import of Thai rubber. In the first 2 months of the year, rubber imported into China from Thailand reached 548 million USD, down 17.4% over the same period. With the above results, Thai rubber still accounts for the largest market share in China, but only accounts for 29.29%, not much higher than the 23.18 of Vietnamese rubber. Statistics from the General Department of Vietnam Customs show that, in the first quarter of this year, rubber exports to China reached 290 thousand tons, worth $ 463 million, up 103.1% in volume and 128% in price. treatment.