VNA
Ample room remains for Vietnamese rubber exports to US
Although Vietnam’s rubber market share in the US remains modest, the potential for the export of the product to the North American country is huge, according to the Agency of Foreign Trade (AFT) under the Ministry of Industry and Trade.
A report from the Agency of Foreign Trade showed that the US was Vietnam’s 10th largest rubber buyer last month.
In April alone, Vietnam exported nearly 1,090 tonnes of rubber valued at 1.87 million USD to the US, marking an increase of 0.3% in volume and 17.5% in value compared to the same period last year.
The country shipped nearly 7,460 tonnes of rubber worth 11.7 million USD in the first four months of 2024, up 37.1% in volume and 58.2% in value year-on-year. Industry experts said that Vietnam’s rubber exports to the US is expected to bounce back this year.
Statistics released by the US International Trade Commission showed that in the first three months of this year, the US imported 443,120 tonnes of rubber worth 893.4 million USD, up 0.2% in volume, but down 3% in value year-on-year./.
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