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
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