Vietnam among largest rubber suppliers to Japan

The nation is currently the eighth largest rubber supplier to the Japanese market, behind only Indonesia, Thailand, the Republic of Korea, Singapore, and the United States, according to the Import-Export Department under the Ministry of Industry and Trade.

The Import-Export Department quoted statistics compiled by the General Department of Customs as saying that Vietnamese rubber exports to Japan reached 5.470 tonnes worth US$8.98 million in the first eight months of the year, down 10.4% in volume and down 27.6% in value over the same period from 2022.

The average export price of rubber to this market stood at US$1,565 per tonne, down 19.2% over the same period in 2022.

The country’s natural rubber is the primary product exported to the Far East nation. Of the various types, SVR CV60 accounted for the largest portion of total exported rubber at 39.89%, followed by SVR 3L at 36.68%, and SVR 10 at 13.22%, respectively.

According to the Import-Export Department, since the beginning of the year, national rubber exports to the Japanese market have faced a number of difficulties, resulting in a fall in both quantity and value of exports to the market.

DTI News