VIETNAM RUBBER IMPORT VALUE INTO CHINA REACHED 1.5 BILLION USD

According to the Chinese Customs Administration, in the first nine months of 2021, China's import turnover of rubber reached US$ 9.18 billion, up 19.7% over the same period in 2020.

In the first nine months of 2021, Vietnam is the second-largest rubber supplier to China with a turnover of $1.5 billion, up 37% over the same period in 2020.

Vietnam's rubber market share in China's total import value in the first nine months of 2021 accounted for 16.4%, up from 14.3% in the same period in 2020.

About the mixed natural rubber and synthetic rubber, Vietnam is the second-largest supplier to China, reaching 1.32 billion USD, up 38% over the same period in 2020. The market share of Vietnam's natural rubber and synthetic rubber accounted for 36.9% of the total import value of China's mixture of natural and synthetic rubber, up sharply from 27.1% in 9 months. early 2020.

According to the General Department of Vietnam Customs, in the first nine months of 2021, Vietnam's rubber exports to China reached 902.78 thousand tons, worth 1.46 billion USD, up 5% in volume and 35.5% in value over the same period in 2020; the average export price reached 1,617 USD/ton, up 29% over the same period in 2020.

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In which, the mixture of natural rubber and synthetic rubber accounted for 88% of the total rubber exported to China, with 794.45 thousand tons, worth 1.3 billion USD, up 8.6% in volume and increased by 39% in value, the average export price reached 1,639 USD/ton, up 28% over the same period in 2020.

In the first 9 months of 2021, most types of rubber exported to China increased in both volume and value over the same period in 2020, notably: RSS1 increased by 2.100% in volume and increased 2.775% in value; Synthetic rubber increased by 525% in volume and 405.2% in value… However, these items only account for a small proportion of total rubber exports to China.

The average price of all kinds of rubber exports to China in the first 9 months of 2021 increased sharply compared to the same period in 2020. In which, RSS3 increased by 34.2%; SVR CV60 increased by 33.3%; SVR 3L up 32.3%...

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