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Exporting rubber is expected to meet many difficulties

Domestic rubber prices will continue to be influenced by price movements in the world market. Vietnam's rubber exporters may face more difficulties in the coming time due to low demand from the main export market of rubber is China. Therefore, businesses need to diversify their markets to avoid relying on traditional markets.

Exporting rubber is expected to meet many difficulties
November 23, 20180764
 
The Ministry of Industry and Trade said that Vietnam's rubber exporters may face more difficulties in the coming time due to low demand from China's key rubber export market.

Xuất khẩu cao su được dự báo gặp nhiều khó khăn

Specifically, in 10 days between November / 1818, rubber latex prices in Binh Phuoc, Binh Duong, Tay Ninh stable. Phu Rieng Rubber Company reported a stable price of latex and latex compared with 10 days before, trading at VND 228 / kg for latex and VND 238 / cu.m for latex.

Domestic rubber prices will continue to be influenced by price movements in the world market. Vietnam's rubber exporters may face more difficulties in the coming time due to low demand from the main export market of rubber is China. Therefore, businesses need to diversify their markets to avoid relying on traditional markets.

According to statistics of the General Department of Customs, in the first 15 days of November, 1818, rubber exports reached 87.45 thousand tons, valued at $109.56 million , down 3.8% in volume and 7.1 decrease % of value compared to the previous 15 days; up 23.1% in volume and 4.5% in value over the first 15 days of November 2017.


 
From the beginning of the year to the end of November 15, 1818, rubber exports reached 1.29 million tons, valued at $ 1.76 billion , up 14.2% in volume, but down 6.8% in value. prices over the same period in 2017.

The average export price of rubber in the first 15 days of November 2011 was $ 1,252 a tonne, down 3.5% from the previous 15-day average export price and down 15.1% compared to the average export price of 15 days in early November 2017. Accumulated from the beginning of the year to November 15, 1818, the export price of rubber averaged $ 1,361 per tonne, 18.4% lower than the average export price of the same period in 2017.

According to statistics from the International Trade Center (ITC), in the first nine months of 2018, the United States imported 1.46 million tonnes of rubber, valued at $ 3.06 billion, down 6.4% in volume and down 3.3% in value over the same period in 2017.

Indonesia, Canada and Thailand are the three main rubber markets for the United States. In 9 months 2018, United States imported rubber from Vietnam reached 24.3 thousand tons, valued at 37.6 million USD, decreased 25.5% in volume and 20.7% decrease in value over the same period. in 2017. Vietnam's share of total rubber imports from the United States also fell from 2.1 percent in the first nine months of 2017 to 1.7 percent in the first nine months of 2018.

Tung Anh

According to Tri thuc tre

THANH THANH TECHNICAL RUBBER COMPANY LIMITED

Road No. 5, Giang Dien Industrial Zone, Giang Dien Commune, Trang Bom District, Dong Nai Province, Vietnam

Tax ID: 3603471501

+84 251 368 6677