Viet Nam’s rubber export to US sees sharp surge
|Viet Nam is among largest supplier of natural rubber to the US. (Photo: VNA)|
According to the Ministry of Industry and Trade’s Export - Import Department, Viet Nam became the 11th largest rubber supplier of the US in the period, accounting for 2.2 percent of the US’s total imported rubber, up slightly from 1.5 percent in the same period last year.
Notably, Viet Nam is the fourth largest supplier of natural rubber to the US with 23,460 tonnes worth 41.65 million USD, up 60.8 percent in volume and 92.9 percent in value over the same period of 2020.
According to statistics of the US International Trade Commission, the US imported 1.09 million tonnes of rubber with a total value of 2.19 billion USD in the period, a year-on-year increase of 12 percent in volume and 27.6 percent in value.
Indonesia, Thailand, Canada, the Republic of Korea and Ivory Coast were the largest suppliers of the product to the US.
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