VIETNAM SUPPLIED KOREA WITH NEARLY 4,000 TONS OF RUBBER
In January 2021, Vietnam is the third-largest rubber supplier of South Korea with 3,930 tons worth $ 7.51 million, decreasing 13.5% in volume, but going up by over 8% in value compared to the previous year. with January 2020.
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VIETNAM SUPPLIED KOREA WITH NEARLY 4,000 TONS OF RUBBER
According to the report of the Import and Export Department (Ministry of Industry and Trade) and statistics of the Korean Customs Agency, in January 2021, Korea imported 44,020 tons of rubber (code HS: 4001, 4002, 4003, 4005), worth $ 84.16 million, up nearly 7% in volume and nearly 16% in value compared to January 2020.
In which, Indonesia, Thailand, Vietnam, China, and the US are the 5 largest rubber suppliers of Korea.
In January 2021, Vietnam is the third-largest rubber supplier of South Korea with 3,930 tons worth $ 7.51 million, decreasing 13.5% in volume, but going up by over 8% in value compared to the previous year. with January 2020.
Vietnam's rubber market share in the total rubber imports of South Korea accounted for 8.93%, going down from 11.03% in January 2020.
Rubber suppliers of Korea in Jan 2021.
In January 2021, South Korea's imports of natural rubber (HS code 4001) reached 26,220 tons, worth $ 43.45 million, up 4.5% in volume and 23% in value compared to that in Jan 2020. Indonesia, Thailand, Vietnam, Myanmar, and Cambodia are the 5 largest natural rubber suppliers of Korea in January 2021.
In particular, Vietnam is the third-largest natural rubber supplier for Korea, with 3,920 tons, worth $ 7.44 million, going down by 10.5% in volume, but up 11.6% in value compared to January 2020.
The market share of natural rubber of Vietnam in total imports of Korea accounted for 14.95%, going down from 17.45% in January 2020.
Besides, South Korea imported 15,390 tons of synthetic rubber (HS code: 4002), worth over $ 35.85 million, up 7.5% in volume and 6.3% in value compared to January 2020.
The US, China, Czech Republic, Japan, and Singapore are the 5 largest synthetic rubber suppliers to Korea in January 2021.
The structure of the synthetic rubber supply market to Korea in January 2021 had a change when the synthetic rubber market shares of the US, China, the Czech Republic, and Japan increased, while the market share of Singapore decreased. . Vietnam's synthetic rubber only accounts for 0.07% of the total synthetic rubber imported from Korea.
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--- Source: vietnambiz.vn -----
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