Categories
  • Tiếng Việt
  • Tiếng Anh
  • Home
  • About Us
  • Contact
  • Peace - Friendship
  • Foreign NGOs
  • Central Member Organizations
  • Provincial Union Of Friendship Organizations
  • Diplomacy and Intergration
  • Viet Nam
  • Seas and Islands
  • Video
  • Photo
  • Infographics
  • Mega story
Vufo.org.vn

Viet Nam Union of Friendship Organizations

  • Home
  • About Us
  • Peace - Friendship
  • Foreign NGOs
  • Contact
  • Copy link
  • Home
  • Viet Nam
05/06/2024, 3:32 PM

Ample room ahead for Vietnamese rubber exports to US

There remains plenty of room ahead to grow Vietnamese rubber exports to the United States amid the nation’s share of the rubber market in the US has seen gradual improvement.

The Import-Export Department under the Ministry of Industry and Trade (MoIT) reported that in April, the US was the nation’s 10th largest rubber export market.

Citing statistics from the General Department of Customs, the MoIT said that April alone witnessed the nation export nearly 1.09 thousand tonnes of rubber valued at US$1.87 million to the US, marking an increase of 0.3% in volume and 17.5% in value compared to April of last year.

Vietnamese rubber exports to the highly lucrative market during the past four months reached nearly 7.46 thousand tonnes, worth US$11.7 million.

According to an assessment given by the Import-Export Department, recent years has seen Vietnamese rubber exports to the US increase again, with its rubber market share in the US gradually improving, despite accounting for a low market share as part of total US imports.

“Viet Nam's rubber still has a lot of room to export to the US market. It is predicted that the nation’s rubber exports to the US will be better in 2024," said the Import-Export Department.

The Import-Export Department outlined that rubber exports to the potential market in the reviewed period were mainly natural rubber. Among them, latex was the most exported type, accounting for 31% of total rubber exports with 2.31 thousand tonnes.

In addition, during the reviewed period the export volume and value of some types of rubber to the US also increased sharply compared to last year's corresponding period.

According to statistics released by the United States International Trade Commission, over the first three months of the year, the US imported 443.12 thousand tonnes of rubber worth US$893.49 million, up 0.2% in volume, but still down 3% in value compared to the same period from last year.

Of which, Indonesia, Thailand, Canada, the Republic of Korea (RoK), and the Ivory Coast were the five largest markets supplying rubber to the US during the three-month period.

Source: VOV, VNA

Focus
Interested
1

Viet Nam Airlines ranked among top 20 world's best airlines

2

Overseas Vietnamese communities worldwide celebrate Tet

3

ASEAN Cup 2024: A sleepless night for Vietnamese football fans

4

Viet Nam's agricultural product exports shine in 2024

5

Vietnamese Culture - Tet - Vietnamese Lunar New Year

Related news

Viet Nam shows great attention, efforts in ensuring labourers’ rights

Prime Minister stresses 2024 growth, inflation targets

All eight Vietnamese students win medals at Asian Physics Olympiad

US library keeps precious books on Viet Nam

Fishery export grows 6.5% in five months

Exhibition spotlights settlement of toxic chemical consequences

VinFast named among world's 100 most influential companies

Viet Nam always respects, ensures human rights: Russian expert

Ho Chi Minh City named as world’s fourth-best foodie city

President meets with children of police martyrs, academic award winners

Viet Nam Union of Friendship Organizations

Address: 105A, Quan Thanh, Ba Dinh, Ha Noi

Tel: +84.24. 3845 6303

Email: vufo.vufo@gmail.com

Copyright by the Viet Nam Union of Friendship Organizations

 

Top