December 25, 2024 | 00:45 GMT +7
December 25, 2024 | 00:45 GMT +7
Hotline: 0913.378.918
According to the General Administration of Customs China, in the first nine months of 2021, China's rubber import turnover reached US$ 9.18 billion, up 19.7% over the same period in 2020.
Vietnam is the second-largest rubber supplier to China with a turnover of US$1.5 billion, up 37% over the same period in 2020.
In the first nine months of 2021, Vietnam's rubber market share in China's total import value accounted for 16.4%, up from 14.3% in the same period of 2020.
For mixed natural rubber and synthetic rubber, Vietnam is the second-largest supplier to China, reaching US$ 1.32 billion, up 38% over the same period in 2020.
Particularly, mixed market share Vietnam's natural rubber and synthetic rubber accounted for 36.9% of China's total import value, a sharp increase from 27.1% in the fist nine months of 2020.
In the first nine months of 2021, Vietnam's rubber exports to China reached 902.78 thousand tonnes, worth US$ 1.46 billion, up 5% in volume and 35.5% in value over the same period in 2020. The average export rubber price reached US$ 1,617 per tonne, up 29% over the same period in 2020.
In which, the mixture of natural rubber and synthetic rubber accounted for 88% of the total rubber exported to China, with 794.45 thousand tonnes, worth US$ 1.3 billion, up 8.6% in volume and increased by 39% in value, with the average export price reaching US$ 1,639 per tonne, up 28% over the same period in 2020.
Most types of rubber exported to China increased in both volume and value over the same period in 2020, notably such as 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 export rubber price of all kinds in the first nine 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 increased 32.3%...
Translated by Ha Phuc
(VAN) Vietnam's trade turnover reached nearly USD800 billion, a 15% increase compared to the same period last year, with exports rising by almost 14%, significantly surpassing the target of 6%.
(VAN) The Vietnam Association of Seafood Exporters and Producers held a ceremony to celebrate seafood exports reaching 10 billion USD in 2024, with expectations for better growth in 2025.
(VAN) After Monday, a drier trend sets in for Argentina before rain returns next week. Soymeal is retreating on falling world prices as Argentina is slated to crush a record amount of beans.
(VAN) Cocoa’s rally has soared past all major commodities in 2024, and there’s little sign the tight supply and fragile trading landscape that prompted its near-vertical trajectory are in for a fast fix.
(VAN) The total oilseed crop including sunflower, rapeseed and soybeans is estimated at 1.6 million tonnes, down from 2 million tonnes a year ago.
(VAN) The USMCA dispute panel ruled in favor of the United States on Friday, stating Mexico violated the trade agreement with its decree to ban GMO corn.
(VAN) According to information from the Plant Protection Department (Ministry of Agriculture and Rural Development), Vietnam and the United States are negotiating plant quarantine measures for fresh passion fruit.