Rubber exports face competition in the Netherlands market
Vietnam's businesses need to diversify their products to meet the needs of the Netherlands market to boost
Vietnam exported 486,000 tonnes of rubber worth $817 million during the past four months of the year, representing a year-on-year increase of 79.6% in volume and 111.6% in value compared to the same period from last year, according to data released by the Ministry of Industry and Trade.
China has become the most significant export market for local rubber, with the export volume of natural rubber to the Chinese market last year reaching an estimated 1.36 million tonnes, thereby accounting for 77.9% of the total export volume.
Most notably, the northern neighbor remains the country’s largest export market with a volume of 290,159 tonnes of rubber during the first quarter of the year, making up 71.38% of the total export volume. In addition, rubber exports to markets such as India, the United States, and the Republic of Korea recorded sharp increases by 43.5%, 71%, and 52%, respectively, VOV reported.
Malie Nguyen