Updated  
August, 19 2014 08:10:00

Rubber exports plunge in first seven months

The export price of rubber averaged about $1,870 per tonne in the first half of this year, 52 per cent lower than in 2011.— Photo chinhphu.vn

HA NOI (VNS) — Viet Nam exported 451,000 tonnes of rubber worth US$832 million in the first seven months of the year, down 10 per cent and 32.3 per cent in volume and value respectively over the same period last year.

The export price of rubber averaged about $1,870 per tonne in the first half of this year, 52 per cent lower than in 2011.

Due to this, Viet Nam plans to reduce its export volume to one million tonnes for the entire year, down 7 per cent from last year.

China remained the largest market, consuming nearly 40 per cent of Viet Nam's total rubber exports; but both export volume and value to the neighbouring country saw large declines during the period, according to the Viet Nam Rubber Association.

Nearly 139,000 tonnes of rubber products were shipped to China raking in $248 million, representing a year-on-year drop of 42.6 per cent in value and 23.6 per cent in volume.

Last year, Viet Nam surpassed Malaysia and India to become the third largest rubber producer in the world, according to the Association of Natural Rubber Producing Countries. — VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

VN committed to realising TPP VN committed to realising TPP

Deputy Prime Minister Vu Van Ninh reiterated Viet Nam's commitment to negotiating and realising the terms of the Trans-Pacific Partnership (TPP) for the benefit of all TPP members while meeting US Under Secretary of Commerce for International Trade Stefan M. Selig yesterday in Ha Noi.

VN Railway Authority head found dead VN Railway Authority head found dead

Director of Viet Nam Railway Authority Nguyen Huu Thang was found dead in his office yesterday in Ha Noi.

Student looks to improve traffic 2    Student looks to improve traffic

South Korean high school student Chihyun Ryu has spent her time in Ha Noi over the last three and a half years walking around Hoan Kiem Lake, and riding on the back of her father's motorbike taking videos of the chaotic traffic.

Talented ‘stage magician' tells story in memoir Talented ‘stage magician' tells story in memoir

Artist Thanh Loc will begin his five-city tour tomorrow in HCM City to launch his newly published memoirs.

Viet Nam sit at 137th in world football rankings Viet Nam sit at 137th in world football rankings

Viet Nam jumped up four steps in international football rankings, according to FIFA's latest list.