Rubber exports decline in the first half of August

According to the General Department of Customs, in the first 15 days of August 2021, Vietnam's rubber exports reached 87.34 thousand tons, valued at 143.1 million USD, down by 12.3% in volume and down by 13.2% in value compared to the last 15 days of July 2021; compared to the first 15 days of August 2020, exports decreased by 18.5% in volume, but increased by 10.2% in value.

Accumulating from the beginning of the year to August 15th, 2021, rubber exports reached over 1 million tons, valued at US$1.68 billion, up by 27% in volume and by 66.1% in value over the same period of 2020.

Rubber exports in August are affected by production suspension in many businesses under quarantine, or production affected by workers who are absent, quarantined, or living in pandemic areas. ..

Meanwhile, due to the impact of Covid-19, transportation has not shown any signs of improvement, the shortage of empty containers will continue. At the same time, high freight rates are forecasted to last until 2022, thus affecting Vietnam's rubber exports.