26-28, June 2019, HO CHI MINH CITY

Vietnam has strongly increased exports of rubber products in Spainish market

Spain increased imports of rubber products from Vietnam – Source: Src

Spain increased imports of rubber products from Vietnam, especially in the first 10 months of 2018. Although its turnover reached only 2.3 million USD, it increased by more than 4.3 times. This is a good sign for the rubber export market.

Vietnam rubber products exported reached the turnover of over 10 million USD

In October, export turnover of rubber products reached 63 million USD, going up by 11.7% compared to 09/2018, making exports of this group rise to $ 583.35 million, increasing by 19.9% ​​over the same period last year.

Export market of rubber products is quite positive. According to the preliminary statistics from General Department of Vietnam Customs, Vietnam's rubber products in the first 10 months were present in 29 countries and territories, especially the United States, Japan and China, which some main export markets, accounting for 52%. Particularly, the US reached the highest turnover of $ 120.75 million (20.69%), increasing by 25.46%. In the second place, Japan reached 109.12 million 18.7%), rising by 19. 78% and China reached 73.83 million USD (12.65%), rising by 20.45%.

In addition, rubber products of Vietnam exported to many markets including Germany, the Netherlands, Italy, England, France, Taiwan, Indonesia, Thailand Lan and Australia have reached the turnover of more than 10 million USD. Spain, in particular, increased its imports of rubber products from Vietnam. Particularly in 10/2018, turnover reached 282.8 thousand USD, increasing by 35.98% compared with 09/2018 and 4.1 times compared with 10/2017. In addition, India is also a potential market as the imported rubber market from Vietnam in this country increased fast, with a growth rate of over 97 percent, reaching 8.51 million USD.

Market of rubber product export during 10 months in 2018

Market

10/2018 (USD)

+/- compared to 09/2018 (%)*

10 months in 2018 (USD)

+/- compared to 2017 (%)*

The US

13.705.135

14,01

120.752.740

25,46

Japan

11.422.571

1,67

109.126.146

19,78

China

8.001.632

7,13

73.837.055

20,45

Korea

5.557.784

16,56

46.179.753

12,5

Germany

2.059.490

49,42

28.147.335

16,32

The Netherlands

2.540.756

112,47

17.414.501

62,91

Italy

1.819.063

-25,22

15.782.618

32,28

England

1.509.782

3,71

14.487.331

37,93

France

1.285.010

41,56

11.948.204

59,59

Taiwan

1.060.554

-18,64

11.395.526

-5,16

Indonesia

1.484.929

9,09

11.118.585

21,75

Thailand

1.081.707

27,3

10.991.464

-21,36

Australia

867.040

-20,77

10.681.631

4,08

Brazil

1.212.186

50,03

9.999.237

90,07

Malaysia

1.041.630

44,41

9.936.883

-0,85

India

1.013.063

24,54

8.513.748

97,26

Campuchia

600.852

4,7

6.133.021

38,99

Turkey

373.273

29,23

4.796.035

-6,58

Bỉ

514.250

111,46

4.342.688

-13,52

Ba Lan

298.674

-36,03

2.723.113

55,14

HongKong (TQ)

214.773

24,91

2.415.075

-21,25

Tây Ban Nha

282.813

35,98

2.366.492

331,47

Singapore

257.022

76,07

2.333.878

24,13

Bangladesh

299.982

15,52

1.854.256

-3,8

Nga

99.137

 

1.812.851

39,55

Saudi Arabia

128.871

-46,55

1.174.440

-14,34

(*Vinanet caculated data from GDVC)

Source: vinanet.vn

Rubber & Tyre Vietnam, The International Exhibition & Conference on Rubber Industry and Tyre Manufacturing anually held in Vietnam, is an ideal place for connecting, enhancing and expanding businesses. Please come to visit Rubber & Tyre Vietnam 2019, which will take place from 26th – 28th June 2019 at Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City!

Reserve your space early to get the best from Rubber & Tyre Vietnam 2019

Exhibition is the most efficient way to meet potential partners, Connect - Network - Trade