AsemconnectVietnam - In the first 8 months of 2024, rubber export reached about 1.12 million tonnes, worth 1.76 billion USD, down 7.2% in volume, but up 8.4% in value compared to the same period in 2023.

According to preliminary data from General Department of Customs, Vietnam's rubber exports in August 2024 reached about 209,726 tonnes, worth nearly 345 million USD, up 12.7% in volume and 12.0% in value compared to July 2024. Average export price of rubber was at 1,637 USD/tonne, down about 1.1% compared to July 2024, but up about 26.8% compared to August 2023.
With results achieved in the first 8 months of 2024, rubber exports for the whole year of 2024 are forecast to reach about 3-3.5 billion USD, up 200-400 million USD compared to 2023.
According to information from Import-Export Department (Ministry of Industry and Trade), in the first 7 months of 2024, HS 400280 is still the most exported item of Vietnam, accounting for 55.3% of total rubber export volume of the country, with 504,000 tonnes; value reached 781.2 million USD, down 23.2% in volume and 12.7% in value compared to the same period in 2023.
Regarding export prices, in the first 7 months of 2024, average export prices of most rubber varieties increased sharply compared to the same period in 2023 such as: RSS1 increased by 26.9%; Latex increased by 26.3%; Skim block increased by 25%; RSS3 increased by 23%; SVR 10 increased by 18.9%; SVR 5 increased by 18.7%; SVR CV50 increased by 18.3%...

Source: Vitic/congthuong.vn