Vietnam – fourth biggest rubber supplier of RoK
Vietnam is the fourth biggest rubber supplier of RoK in the first two months of 2023 (Photo: congthuong.vn)
Vietnam was the Republic of Korea (RoK)’s fourth largest supplier of rubber in the first two months of 2023, according to the Import-Export Department under the Ministry of Industry and Trade.
The department cited data from the General Administration of Vietnam Customs showing that in the January-February period, Vietnam exported 5,080 tonnes of rubber to the RoK for 8.02 million USD. The figures represented a drop of 16.5% in volume and 29.6% in value over the same period last year.
In the first two months of 2023, Vietnam mostly exported to the RoK natural rubbers in various type, including SVR CV60 (39.35% of total export volume), SVR 10 (29.83%), and SVR 3L (22.01%).
Meanwhile, statistics from the RoK’s Customs, in the reviewed period, the RoK imported 85.23 trillion tonnes of rubber worth 162.88 million USD, mainly from Thailand, Indonesia, China, Vietnam and the Philippines.
In the period, the market share of Vietnam in the market was only 5.51%, down from 9.77% recorded in the same time last year. Meanwhile, upturn was seen in the market shares of Indonesia, China, the Philippines, Cambodia and Singapore.
The Import-Export Department advised domestic firms to persify its products to better meet demand of the RoK, thus strengthening exports to this market./.
Related News
Rubber exports are flourishing, promising potential
17:51 | 20/04/2024 Import-Export
More investments from RoK coming to Vietnam
14:30 | 28/09/2023 Import-Export
Vietnam listed as future key destination for RoK firms
14:38 | 08/09/2023 Import-Export
RoK shipbuilding companies look to Vietnam for workers
14:30 | 24/07/2023 Import-Export
Latest News
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
More News
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
Export turnover of two agricultural product groups grows three-digit
18:10 | 21/04/2024 Import-Export
Early warnings reduce risks in trade defense
18:09 | 21/04/2024 Import-Export
Vietnam becomes biggest rice supplier for Singapore
17:49 | 20/04/2024 Import-Export
Vietnam an attractive destination for electronics, semiconductor investors: Official
17:41 | 20/04/2024 Import-Export
Your care
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export