September 10, 2024 | 07:30 GMT +7
September 10, 2024 | 07:30 GMT +7
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According to the Korean Customs, in the first nine months of 2021, South Korea imported 416.7 thousand tons of rubber, worth US$ 856.21 million, up 15.9% in volume and 39.7% in value compared to the same period in 2020.
Indonesia, Thailand, China, Vietnam and the United States are the 5 largest markets supplying rubber to South Korea.
In the first nine months of 2021, Vietnam is the fourth largest rubber supplier to South Korea with 31.14 thousand tons, worth US$ 60.04 million, up 27.4% in volume and 63% in value compared to the same period in 2020. Vietnam's rubber market share accounted for 7.5% of South Korea's total rubber imports, up from 6.8% in 9 months of 2020.
Regarding natural rubber, in the past 9 months, Vietnam is the third largest supplier to South Korea, with 31 thousand tons, worth US$ 59.63 million, up 28.7% in volume and 65.3 % in value compared to the same period in 2020.
Vietnam's natural rubber market share in South Korea's total imports accounted for 11.8%, up from 10.3% in the first nine months of 2020.
Translated by Khanh Linh
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