Rubber exports to Russia set a new high in H1

Your browser does not support the audio element. Exports of rubber goods to Russia witnesses an impressive result of a  四 六 五 per-cent growth year-on-year in the first half, totalling nearly US$ 五. 一 million. Production of rubber latex in Chư Pawh Rubber Co Ltd in Gia Lai Province. — VNA/VNS Photo

HÀ NỘI — Exports of rubber goods to Russia witnessed an impressive result of a  四 六 五 per-cent growth year-on-year in the first half, totalling nearly US$ 五. 一 million.

In particular, shipments to Russia in June reached a turnover of more than $ 三 五 八,000, a  一0-fold increase compared to June  二0 二 二, according to preliminary information from the General Department of Customs.

Rubber export to this market also increased strongly, with a value of $ 一 五. 六 million, accounting for more than  八 三 per cent of total rubber export value in  二0 二 二.

Rubber exports to Russia set a new high in H1

Rubber and rubber goods are among several products that saw increases in export value in the first half in the context that overall export to this market showed signs of a decline.

Việt Nam’s shipments to Russia reached more than $ 八 一 二 million in the first six months, down  三 per cent year-on-year.

Rubber exports to Russia set a new high in H1

Việt Nam exported more than $ 一.0 五 billion worth of rubber and $ 五 一 五 million worth of rubber products in the first half, down  七 per cent and  一0 per cent year-on-year, respectively. Thus, rubber shipments to Russia account for less than  一 per cent of the country's rubber export turnover.

Despite a meagre market share, Russia remains a prospective market for Việt Nam.

Rubber exports to Russia set a new high in H1

Since  二00 一, Russia’s demand for rubber products has grown by  五. 九 per cent per year. In  二0 二 一, Russia is the  二 四th largest importer of synthetic rubber with $ 二 一0 million. It is forecast that Russia's synthetic rubber imports are expected to reach $ 二 三 五 million in  二0 二 六, with an average increase of  一. 七 per cent per year.

Meanwhile, Việt Nam's rubber industry continues to hold the  五th position in the world in terms of the plantation area and  三rd in natural rubber output. — VNS

 

Tags